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Stock-Based Compensation
6 Months Ended
Dec. 24, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation

(3)       Stock-Based Compensation

 

Stock Options:

 

For the three month period ended December 24, 2017, and December 25, 2016, the Company recognized stock-based compensation expense related to stock options of $10 thousand and $25 thousand, respectively. For the six month period ended December 24, 2017 and December 25, 2016, the Company recognized stock-based compensation expense related to stock options of $19 thousand and $50 thousand, respectively. As of December 24, 2017, unamortized stock-based compensation expense related to stock options was $16 thousand.

 

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

 

<BTB> Six Months Ended
<BTB> December 24, 2017   December 25, 2016
       
Outstanding at beginning of year                      478,056                        847,556
       
Granted                               -                             50,000
Exercised                               -                         (315,000)
Forfeited/Canceled/Expired                               -                           (80,000)
       
Outstanding at end of period                      478,056                        502,556
       
Exercisable at end of period                      438,056                        365,406


 

Restricted Stock Units:

 

For the three month periods ended December 24, 2017, and December 25, 2016, the Company recognized $0 and $20 thousand in stock-based compensation expense related to RSU’s. For the six month period ended December 24, 2017, and December 25, 2016, the Company recognized $0 and $40 thousand in stock-based compensation expense related to RSU’s. As of December 24, 2017, unamortized stock-based compensation expense related to RSU’s was $0 because the Company determined that the probability of achieving the minimum performance criteria was remote.

 

A summary of the status of restricted stock units as of December 24, 2017, and changes during the fiscal six month period then ended is presented below:

 

 Number of Restricted Stock Units 
   
 Unvested at June 25, 2017         487,950
 Granted                    -
 Vested                    -
 Forfeited         (34,730)
 Unvested at December 24, 2017         453,220