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Stock-Based Compensation

3 Months Ended

Sep. 23, 2012

Stock-Based Compensation

Stock-Based Compensation

(4)         Stock-Based Compensation

 For the quarter ended September 23, 2012, the Company recognized stock-based compensation expense of $45,000.  As of September 23, 2012, unamortized stock-based compensation expense was $0.3 million.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

		Three Months Ended
		September 23, 2012				September 25, 2011
Outstanding at beginning of year			486,506				604,036
Granted			110,000				76,432
Exercised			-				-
Forfeited/Canceled/Expired			-				-
Outstanding at end of period			596,506				680,468
Exercisable at end of period			374,106				501,702

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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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-Name Statement of Position (SOP)

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