XML 35 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Stock-Based Compensation
 9 Months Ended
Feb. 26, 2012
Notes To Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
  5.           Stock-Based Compensation

In the three and nine months ended February 26, 2012, the Company recognized stock-based compensation expense of $429,000 and $1,314,000, respectively, which included $192,000 and $587,000 for restricted stock unit awards and $237,000 and $727,000 for stock option grants, respectively.  In the three and nine months ended February 27, 2011, the Company recognized stock-based compensation expense of $436,000 and $1,398,000, respectively, which included $197,000 and $651,000 for restricted stock unit awards and $239,000 and $747,000 for stock option grants, respectively.
 
The following table summarizes the stock-based compensation by income statement line item:
 
   
Three Months
 Ended
February 26,
 2012
   
Three Months
 Ended
February 27,
2011
   
Nine Months
Ended
February 26,
2012
   
Nine Months
Ended
February 27,
2011
 
Research and development
  $ 136,000     $ 106,000     $ 390,000     $ 334,000  
Sales, general and administrative
  $ 293,000     $ 330,000     $ 924,000     $ 1,064,000  
  Total stock-based compensation
  $ 429,000     $ 436,000     $ 1,314,000     $ 1,398,000  
 
As of February 26, 2012, there was $1.8 million of total unrecognized compensation expense related to unvested equity compensation awards granted under the Landec equity plans.  Total expense is expected to be recognized over the weighted-average period of 1.3 years for stock options and 1.2 years for restricted stock unit awards.