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Note 7 - Stock-based Compensation
9 Months Ended
Sep. 29, 2019
Notes to Financial Statements  
Shareholders' Equity and Share-based Payments [Text Block]
7.
     
STOCK-BASED COMPENSATION
 
We recorded non-cash stock compensation expense in each period as follows:
 
   
Three-month period ended
   
Nine
-month period ended
 
   
September 29
,
   
September 30
,
   
September 29
,
   
September 30
,
 
   
2019
   
2018
   
2019
   
2018
 
Stock options
  $
117
    $
344
    $
433
    $
653
 
Restricted stock grants
   
42
     
19
     
86
     
54
 
Total
  $
159
    $
363
    $
519
    $
707
 
 
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
September 29, 2019,
there was
$924
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
nine
-month period ended
September 29, 2019:
 
   
Number of
Shares
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining Contractual
Term (years)
   
Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2019
   
1,576,087
    $
6.58
     
 
     
 
 
Granted
   
282,500
     
8.27
     
 
     
 
 
Exercised
   
(194,720
)    
4.45
     
 
     
 
 
Forfeited or expired
   
(46,082
)    
7.04
     
 
     
 
 
Outstanding at September 29, 2019
   
1,617,785
    $
7.12
     
3.38
    $
3,192
 
Vested and expected to vest at September 29, 2019
   
1,518,161
    $
7.05
     
3.21
    $
3,113
 
Exercisable at September 29, 2019
   
1,095,661
    $
6.29
     
2.31
    $
2,870
 
 
The following assumptions were used to value stock options granted during the
nine
months ended
September 29, 2019:
 
Risk-Free Interest Rate
   
1.8
%
Volatility Factor
   
48
%
Weighted Average Expected Life (Years)
   
5.3
 
Dividends
   
0.0
%
 
The weighted average grant date fair value of options granted during the
nine
months ended
September 29, 2019
was
$3.77.
 
Cash received from stock option exercises under our stock-based compensation plans for the
three
-month periods ended
September 29, 2019
and
September 30, 2018
was
$388
and
$64,
respectively. Cash received from stock option exercises under our stock-based compensation plans for the
nine
-month periods ended
September 29, 2019
and
September 30, 2018
was
$866
and
$1,357,
respectively.
 
In
April 2019,
20,000
shares of restricted stock were awarded to certain of our employees at a weighted-average grant date fair value of
$11.12
per share. In
January 2018,
17,500
shares of restricted stock were awarded to certain of our employees at a weighted-average grant date fair value of
$7.16
per share. All outstanding restricted shares vest in equal annual installments over
three
years. Unrecognized compensation cost related to these restricted shares was
$188
at
September 29, 2019.