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Stock-Based Compensation
3 Months Ended
Sep. 24, 2023
Stock-Based Compensation [Abstract]  
Stock-Based Compensation

Note D - Stock-Based Compensation

Stock Options:

For the three months ended September 24, 2023 and September 25, 2022, the Company recognized stock-based compensation expense related to stock options of zero and $4 thousand, respectively. As of September 24, 2023, there was no unamortized stock-based compensation expense related to stock options.

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

   
Three Months Ended
 
   
September 24,
2023
   
September 25,
2022
 
   
Shares
   
Shares
 
Outstanding at beginning of year
   
151,750
     
111,750
 
                 
Granted
   
     
40,000
 
Exercised
   
     
 
Forfeited/Canceled/Expired
   
(8,664
)
   
 
                 
Outstanding at end of period
   
143,086
     
151,750
 
                 
Exercisable at end of period
   
143,086
     
111,750
 

Restricted Stock Units:

For the three months ended September 24, 2023 and September 25, 2022, the Company had stock-based compensation expense related to RSUs of $79 thousand and $82 thousand, respectively. As of September 24, 2023, there was $138 thousand unamortized stock-based compensation expense related to RSUs.

As of September 24, 2023 and September 25, 2022, the RSUs will be amortized during the next one and 13 months, respectively. A summary of the status of restricted stock units as of September 24, 2023, and changes during the three months then ended is presented below:

   
Three Months Ended
 
   
September 24,
2023
   
September 25,
2022
 
Unvested at beginning of year
   
885,687
     
885,687
 
Performance Adjustment
   
(25,223
)
   
 
Granted
   
     
 
Issued
   
     
 
Forfeited
   
     
 
Unvested at end of period
   
860,464
     
885,687