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Stock-Based Compensation And Stock Ownership Plans | 12 Months Ended
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Oct. 02, 2015
Stock-Based Compensation And Stock Ownership Plans [Abstract] |
Stock-Based Compensation And Stock Ownership Plans | 10 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, restricted stock units or stock appreciation rights in lieu of options. Under the Company’s 2010 Long-Term Stock Incentive Plan and the 2012 Non-Employee Director Stock Ownership Plan there were 685,138 shares of the Company’s Class A common stock available for grant to key executives and non-employee directors at October 2, 2015. Shares issued pursuant to the exercise of stock options or grants of restricted stock are typically issued first out of treasury stock to the extent that treasury shares are available. The Company recognized tax benefits from the exercise of stock options and the vesting of restricted stock of $482, $493 and $572 for 20 15, 201 4 and 201 3, respectively. These amounts were recorded as increases in additional paid-in capital on the consolidated balance sheets and as cash from financing activities on the consolidated statements of cash flows. Stock Options All stock options have been granted at a price not less than fair market value at the date of grant and are currently exercisable. 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 201 5, 201 4 or 201 3. A summary of stock option activity related to the Company’s plans is shown below.
| Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | Weighted Average Remaining Contractual Term (Years)
Outstanding and exercisable at September 27, 2013 | 15,066 | $ | 18.16 |  |  |
Exercised | (3,900) |  | 19.88 |  |  |
Cancelled | (1,950) |  | 19.88 |  |  |
Outstanding and exercisable at October 3, 2014 | 9,216 |  | 17.07 |  |  |
Exercised | (9,216) |  | 17.07 |  |  |
Outstanding and exercisable at October 2, 2015 | - |  | - | $ | - | -
The intrinsic values of the stock received upon exercise of such options at their date of exercise during 201 5, 201 4 and 201 3 were $221, $96 and $171, respectively. The Company received cash proceeds from stock option exercises totaling $118, $78 and $86 for the years ending October 2, 2015, October 3, 2014 and September 27, 2013, 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 within five years after the grant date. 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 Class A common 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 Class A common stock price on the last preceding date on which the Company’s shares traded. A summary of non-vested stock activity for the two year period ended October 2, 2015 related to the Company’s stock ownership plans is as follows:
|  | Weighted Average
| Shares | Grant Price
Non-vested stock at September 27, 2013 | 386,409 | $ | 13.78
Non-vested stock grants | 47,934 |  | 27.70
Restricted stock vested | (114,711) |  | 10.32
Non-vested stock at October 3, 2014 | 319,632 |  | 17.10
Non-vested stock grants | 38,222 |  | 30.05
Non-vested stock forfeited | (25,364) |  | 21.27
Restricted stock vested | (118,463) |  | 12.57
Non-vested stock at October 2, 2015 | 214,027 | $ | 21.43
Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of shares by tendering a portion of the vested shares back to the Company. Shares tendered back to the Company were 30,353 and 24,719 during 201 5 and 201 4, respectively. The fair value of restricted stock vested during 201 5, 201 4 and 201 3 was approximately $3,294, $3,123 and $3,607, respectively. The weighted average grant date fair value for non-vested stock issued in 2015 and 2014 was $30.05 and $27.70, respectively. Stock compensation expense, net of forfeitures, related to non-vested stock was $1,287, $1,523 and $1,400 during 20 15, 20 14 and 201 3, respectively. The tax benefit recognized during 201 5, 201 4 and 201 3 related to stock based compensation was $598, $641 and $532, respectively. Unrecognized compensation cost related to non-vested stock as of October 2, 2015 was $1,431, which amount will be amortized to expense through November 2018 or adjusted for changes in future estimated or actual forfeitures. Restricted Stock Units All restricted stock units awarded by the Company during fiscal 2015 and in prior years have been granted at their fair market value on the date of grant and vest on the one year anniversary of the grant date. The fair value at date of grant is based on the number of units granted and the average of the Company’s high and low Class A common stock trading 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 Class A common stock trading price on the last preceding date on which the Company’s shares traded. The Company issued 7,336, 10,792 and 6,600 restricted stock units at a weighted average grant date fair value of $33.40, $22.71 and $22.73 for the years ended October 2, 2015, October 3, 2014 and September 27, 2013, respectively. Stock compensation expense, net of forfeitures, related to restricted stock units was $286, $165 and $88 for the years ended October 2, 2015, October 3, 2014 and September 27, 2013, respectively. Unrecognized compensation cost related to non-vested restricted stock units as of October 2, 2015 was $102, which amount will be amortized to expense through February 201 6 or adjusted for changes in future estimated or actual forfeitures. 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 8,062, 15,969 and 9,562 shares of Class A common stock under the Purchase Plan during the years 201 5, 201 4 and 201 3, respectively, and recognized expense of $33, $57 and $41 in 201 5, 201 4 and 201 3, respectively.

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 + Details
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