XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note 3 - Stock Based Compensation | 3 Months Ended
--- | ---
Oct. 02, 2022
Notes to Financial Statements |
Share-Based Payment Arrangement [Text Block] | Note 3 – Stock-Based Compensation The Company has a Long Term Incentive and Share Award Plan, which is more fully described in Note 12 and Note 13 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 3, 2022, that provides for the grant to eligible employees, consultants and directors of stock options, restricted shares, and other stock-based awards. The amounts of stock-based compensation expense recognized in the periods presented are as follows:
|  | Three Months Ended |
|  | October 2, 2022 |  |  | September 26, 2021 |
|  | (in thousands) |  |  |  |  |
Stock options |  | $ | - |  |  | $ | 9 |
Restricted stock |  |  | 1,555 |  |  |  | 2,996 |
Total |  |  | 1,555 |  |  |  | 3,005 |
Deferred income tax benefit |  |  | 381 |  |  |  | 741 |
Stock-based compensation expense, net |  | $ | 1,174 |  |  | $ | 2,264 |
Stock-based compensation is recorded within the following line items of operating expenses:
|  | Three Months Ended |
|  | October 2, 2022 |  |  | September 26, 2021 |
|  | (in thousands) |
Marketing and sales |  | $ | 700 |  |  | $ | 1,327 |
Technology and development |  |  | 155 |  |  |  | 120 |
General and administrative |  |  | 700 |  |  |  | 1,558 |
Total |  | $ | 1,555 |  |  | $ | 3,005 |
Stock-based compensation expense has not been allocated between business segments, but is reflected as part of Corporate overhead (see Note 12 - Business Segments). Stock Options As of October 2, 2022, the Company does not have any options outstanding. Restricted Stock The Company grants shares of Common Stock to its employees that are subject to restrictions on transfer and risk of forfeiture until fulfillment of applicable service and performance conditions and, in certain cases, holding periods (Restricted Stock). The following table summarizes the activity of non-vested restricted stock awards during the three months ended October 2, 2022:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Non-vested at July 3, 2022 |  |  | 929,709 |  |  | $ | 21.82 |
Granted |  |  | 79,895 |  |  | $ | 6.81 |
Vested |  |  | - |  |  | $ | - |
Forfeited |  |  | (13,815 | ) |  | $ | 21.40 |
Non-vested at October 2, 2022 |  |  | 995,789 |  |  | $ | 20.62 |
The fair value of non-vested shares is determined based on the closing stock price on the grant date. As of October 2, 2022, there was $10.0 million of total unrecognized compensation cost related to non-vested, restricted, stock-based compensation to be recognized over the weighted-average remaining period of 2.2 years.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration