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Note 6 - Stock-Based Compensation
 9 Months Ended
Feb. 23, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

6.            Stock-Based Compensation


In the three and nine months ended February 23, 2014, the Company recognized stock-based compensation expense of $353,000 and $1.0 million, respectively, which included $222,000 and $576,000 for restricted stock unit awards and $131,000 and $416,000 for stock option grants, respectively.


In the three and nine months ended February 24, 2013, the Company recognized stock-based compensation expense of $464,000 and $1.1 million, respectively, which included $230,000 and $528,000 for restricted stock unit awards and $234,000 and $607,000 for stock option grants, respectively.


The following table summarizes the stock-based compensation by income statement line item:


   

Three Months Ended February 23, 2014

   

Three Months Ended

February 24, 2013

   

Nine Months Ended

February 23, 2014

   

Nine Months Ended

February 24, 2013

 

Research and development

  $ 14,000     $ 251,000     $ 28,000     $ 465,000  

Sales, general and administrative

  $ 339,000     $ 213,000     $ 964,000     $ 670,000  

Total stock-based compensation

  $ 353,000     $ 464,000     $ 992,000     $ 1,135,000  

As of February 23, 2014, there was $2.4 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 2.1 years for stock options and 2.0 years for restricted stock unit awards.