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Stock-Based Compensation
 3 Months Ended
Sep. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

NOTE 8. STOCK-BASED COMPENSATION

The Company has granted service-based restricted stock awards ("RSAs") and performance stock units ("PSUs") to employees and non-employee directors under existing stock incentive plans.

The number of shares of the Company's common stock authorized under the current 2024 Equity Incentive Plan is 550,000. As of September 28, 2025, there were 371,388 shares available for future awards.

As of September 28, 2025, there was $1.7 million of unrecognized compensation cost related to non-vested PSUs and $3.8 million of unrecognized compensation cost related to non-vested RSAs, which will be expensed over the remaining vesting period of approximately 2 years. As of September 29, 2024, there was $1.7 million of unrecognized compensation cost related to non-vested RSAs.

A summary of restricted stock award and performance stock unit activity was as follows:

 

 

RSAs

 

 

PSUs

 

 

 

 

 

 

Weighted
Average

 

 

 

 

 

Weighted
Average

 

 

 

 

 

 

Grant Date

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

Nonvested balance, beginning of period

 

 

129,139

 

 

$

36.37

 

 

 

16,878

 

 

$

39.16

 

Granted

 

 

29,524

 

 

$

67.56

 

 

 

18,403

 

 

 

67.50

 

Vested

 

 

(39,793

)

 

$

32.95

 

 

 

-

 

 

 

—

 

Forfeited

 

 

(4,851

)

 

$

40.44

 

 

 

-

 

 

 

—

 

Nonvested balance, end of period

 

 

114,019

 

 

$

45.05

 

 

 

35,281

 

 

$

53.94