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Stock-Based Compensation and Stock Ownership Plans
 12 Months Ended
Sep. 30, 2011
Stock-Based Compensation and Stock Ownership Plans [Abstract]  
Stock-Based Compensation and Stock Ownership Plans
11     STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS
 
The Company's current stock ownership plans provide for issuance of options to acquire shares of Class A common stock by key executives and non-employee directors. Current plans also allow for issuance of shares of restricted stock or stock appreciation rights in lieu of options.
 
Under the Company's 2010 Long-Term Stock Incentive Plan and the 2003 Non-Employee Director Stock Ownership Plan there were 910,061 shares of the Company's Class A common stock available for grant to key executives and non-employee directors at September 30, 2011.
 
Stock Options
 
All stock options have been granted at a price not less than fair market value at the date of grant and become exercisable over periods of one to three years from the date of grant. Stock options generally have a term of 10 years.
 
All of the Company's stock options outstanding are fully vested, with no further compensation expense to be recorded. There were no grants of stock options in 2011 or 2010.
 
A summary of stock option activity related to the Company's plans is shown below.
 
   
Shares
    
Weighted
Average
Exercise Price
  
Weighted
 Average
Remaining
Contractural
Term (in years)
  
Aggregate
Intrinsic
Value
  
Outstanding at October 2, 2009
     180,288     $ 8.23          
     Exercised
     (55,250 )     7.29          
     Cancelled
     (11,334 )     9.39          
Outstanding at October 1, 2010
     113,704       8.57          
     Exercised
     (40,780 )     5.79       $ 331  
     Cancelled
     (4,334 )     6.28         40  
Outstanding and exercisable at September 30, 2011
     68,590       10.37  
1.1
     397  

The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company's closing stock price of $15.38 as of September 30, 2011, which would have been received by the option holders had those option holders exercised their stock options as of that date.
 
The Company received cash proceeds from stock option exercises totaling $323 and $484 for the years ending September 30, 2011 and October 1, 2010, respectively.
 
Non-Vested Stock
 
All shares of non-vested stock awarded by the Company have been granted at their fair market value on the date of grant and vest either immediately or in three to five years after the grant date.
 
Grants of non-vested stock were 161,825 and 230,650 with a total value of $2,224 and $2,209 during 2011 and 2010, respectively. The fair value at date of grant is based on the number of shares granted and the average of the Company's high and low stock price on the date of grant or, if the Company's shares did not trade on the date of grant, the average of the Company's high and low stock price on the last preceding date on which the Company's shares traded.
 
Stock compensation expense, net of forfeitures, related to non-vested stock was $1,436 and $956 during 2011 and 2010, respectively.  The intrinsic value of shares vested during 2011 and 2010 was $150 and $125, respectively.  There were 4,466 shares of non-vested restricted stock forfeited during 2011, which had an original fair market value at date of grant of $40.  There were no forfeitures of non-vested restricted stock during 2010.
 
Non-vested stock issued and outstanding as of September 30, 2011 and October 1, 2010 totaled 472,761 and 325,172 shares, having a gross unamortized value of $2,890 and $2,142, respectively, which will be amortized to expense through November 2015 or adjusted for changes in future estimated or actual forfeitures.
 
Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of non-vested shares by tendering a portion of the vested shares back to the Company.  No shares were tendered back to the Company during 2011 or 2010.
 
A summary of non-vested stock activity for the year ended September 30, 2011 related to the Company's stock ownership plans is as follows:
 
   
Shares
    
Weighted
Average
Grant
Price
  
Non-vested stock at October 2, 2009
     105,827     $ 14.08  
Non-vested stock grants
     230,650       9.58  
Restricted stock vested
     (11,305 )     11.06  
Non-vested stock at October 1, 2010
     325,172       10.99  
Non-vested stock grants
     161,825       13.74  
Non-vested stock cancelled
     (4,466 )     9.12  
Restricted stock vested
     (9,770 )     15.35  
Non-vested stock at September 30, 2011
     472,761     $ 11.86  

Employee Stock Purchase Plan
 
The 2009 Employees' Stock Purchase Plan (the "Purchase Plan") provides for the issuance of shares of Class A common stock at a purchase price of not less than 85% of the fair market value of such shares on the date of grant or at the end of the offering period, whichever is lower. The Company issued 5,475 shares of Class A common stock under the Purchase Plan and recognized expense of $16 in 2011.  The Company issued 10,448 shares of Class A common stock under the Purchase Plan and recognized expense of $24 in 2010.