8.	SHAREHOLDERS’ EQUITY

We recorded non-cash stock compensation expense in each period as follows:

	Three-month periods ended				Six-month periods ended
	June 26,		June 28,		June 26,		June 28,
	2016		2015		2016		2015
Stock Options	$	158	$	136	$	328	$	256
Restricted Stock Grants		11		24		22		48
Total	$	169	$	160	$	350	$	304

These are more fully discussed as follows:

a. Stock Options

We have stock options outstanding from various stock-based employee compensation plans for which we record compensation cost relating to share-based payment transactions in our financial statements. As of June 26, 2016, there was $824 of total unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 1.4 years.

The following table summarizes stock option activity for the six-month period ended June 26, 2016:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at January 1, 2016		2,257,969		$	6.30
Granted		348,500			4.71
Exercised		(19,741	)		3.82
Forfeited or Expired		(46,069	)		9.54
Outstanding at June 26, 2016		2,540,659			6.04		3.72	$	1,171
Vested and Expected to Vest at June 26, 2016		2,371,248			6.14		3.52	$	1,063
Exercisable at June 26, 2016		1,391,598		$	4.89		2.39	$	724

The following assumptions were used to value stock options granted during the six months ended June 26, 2016:

Risk-Free Interest Rate	0.89	%
Volatility Factor	48.08	%
Dividends	0.00	%
Weighted Average Expected Life (Years)	2.82

The weighted average grant date fair value of options granted during the six months ended June 26, 2016 was $2.01.

FASB’s guidance for share-based payments requires cash flows from excess tax benefits to be classified as a part of cash flows from financing activities. Excess tax benefits are realized tax benefits from tax deductions for exercised stock options in excess of the deferred tax asset attributable to stock compensation costs for such stock options. We did not record any excess tax benefits in the first six months of 2016 or 2015.

Cash received from stock option exercises under our stock-based compensation plans for the three-month periods ended June 26, 2016 and June 28, 2015 was $61 and $0, respectively. Cash received from stock option exercises for the six-month periods ended June 26, 2016 and June 28, 2015 was $75 and $8, respectively.

b. Restricted Stock Awards

In September 2014, 49,200 shares of restricted stock were awarded to certain of our employees. These units vest over three years and we estimated their weighted average grant date fair value to be $3.24 per share. There is $27 of unrecognized compensation cost related to these restricted shares at June 26, 2016.