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3. Stock-Based Compensation
9 Months Ended
Mar. 25, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation

Stock Options:

 

For the three month period ended March 25, 2018 and March 26, 2017, the Company recognized stock-based compensation expense related to stock options of $10 thousand and $20 thousand, respectively. For the nine month period ended March 25, 2018 and March 26, 2017, the Company recognized stock-based compensation expense related to stock options of $29 thousand and $70 thousand, respectively. As of March 25, 2018, unamortized stock-based compensation expense related to stock options was $6 thousand.

 

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

 

    Nine Months Ended 
    March 25, 2018   March 26, 2017 
           
  Outstanding at beginning of year   478,056    847,556 
             
  Granted       50,000 
  Exercised       (315,000)
  Forfeited/Canceled/Expired       (104,500)
             
  Outstanding at end of period   478,056    478,056 
             
  Exercisable at end of period   438,056    358,056 

 

Restricted Stock Units:

 

For the three month periods ended March 25, 2018 and March 26, 2017, the Company recognized $0 and $33 thousand in stock-based compensation expense related to RSU’s. For the nine month period ended March 25, 2018 and March 26, 2017, the Company recognized $0 and $73 thousand in stock-based compensation expense related to RSU’s. As of March 25, 2018, 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 March 25, 2018, and changes during the fiscal nine 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 March 25, 2018   453,220