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Stock-Based Compensation And Stock Ownership Plans | 9 Months Ended
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Jun. 27, 2014
Stock-Based Compensation And Stock Ownership Plans [Abstract] |
Stock-Based Compensation And Stock Ownership Plans | 4 Stock-Based Compensation and Stock Ownership Plans The Company’s current stock ownership plans allow for issuance of stock 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 stock options. Under the Company’s 2010 Long-Term Stock Incentive Plan and the 2012 Non-Employee Director Stock Ownership Plan (the only two plans where shares remain available for equity incentive awards) there were 708,084 shares of the Company’s Class A common stock available for grant to key executives and non-employee directors at June 27, 2014. Stock Options All Company stock options have been granted at a price not less than fair market value at the date of grant and all outstanding options 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 during either of the nine month periods ended June 27, 2014 or June 28, 2013. A summary of stock option activity for the nine months ended June 27, 2014 related to the Company’s stock ownership 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 June 27, 2014 | 9,216 |  | 17.07 | $ | 80 | 1.1
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price of $25.80 as of June 27, 2014, 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 $78 and $86 for the nine month periods ending June 27, 2014 and June 28, 2013, respectively. The fair value of the stock received upon exercise of such options at their date of exercise during the nine month periods ended June 27, 2014 and June 28, 2013 was $96 and $171, 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 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 nine months ended June 27, 2014 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 June 27, 2014 | 319,632 |  | 17.10
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 24,719 and 43,464 during the nine month periods ended June 27, 2014 and June 28, 2013, respectively. Stock compensation expense, net of forfeitures, related to non-vested stock was $387 and $347 for the three month periods ended June 27, 2014 and June 28, 2013, respectively, and $1,135 and $1,048 for the nine month periods ended June 27, 2014 and June 28, 2013, respectively. Unrecognized compensation cost related to non-vested stock as of June 27, 2014 was $2,496, which amount will be amortized to expense through November 2017 or adjusted for changes in future estimated or actual forfeitures. The fair value of restricted stock vested during the nine month periods ended June 27, 2014 and June 28, 2013 was $2,961 and $3,628, respectively. Restricted Stock Units All restricted stock units awarded by the Company have been granted at their fair market value on the date of grant and vest within one year after 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. There were 8,040 restricted stock units unvested and outstanding as of June 27, 2014. The Company issued 8,040 restricted stock units at a weighted average grant price of $21.77 for the nine month period ended June 27, 2014 and 6,600 restricted stock units at a weighted average grant price of $22.73 for the nine month period ended June 28, 2013. No restricted stock units were granted during either of the three month periods ended June 27, 2014 or June 28, 2013. Stock compensation expense, net of forfeitures, related to restricted stock units was $44 for the three months ended June 27, 2014 and $121 for the nine month period ended June 27, 2014. Stock compensation expense, net of forfeitures, related to restricted stock units was $37 and $50 for the three and nine month periods ended June 28, 2013, respectively. Unrecognized compensation cost related to non-vested restricted stock units as of June 27, 2014 was $117, which amount will be amortized to expense through February 2015 or adjusted for changes in future estimated or actual forfeitures. The Company recognized an income tax benefit on stock-based compensation expense of $200 and $146 for the three month periods ended June 27, 2014 and June 28, 2013, respectively, and $513 and $417 for the nine month periods ended June 27, 2014 and June 28, 2013, respectively. The Company recognized no income tax benefit on exercises of stock options or the vesting of non-vested stock for either of the three month periods ended June 27, 2014 and June 28, 2013. The Company recognized income tax benefit (expense) on exercises of stock options and the vesting of non-vested stock of $9 and $(2) for the nine month periods ended June 27, 2014 and June 28, 2013, respectively. Employees’ Stock Purchase Plan The Company’s shareholders ha v e adopted the Johnson Outdoors Inc. 2009 Employees’ Stock Purchase Plan which 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. During the three and nine month periods ended June 27, 2014, the Company issued 15,969 shares of Class A common stock and recognized $57 of expense in connection with the Employees’ Stock Purchase Plan and during the three and nine month periods ended June 28, 2013, the Company issued 9,562 shares of Class A common stock and recognized $41 of expense in connection with the Employees’ Stock Purchase Plan.

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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 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: 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 + Details
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