Stock-Based Compensation

6 Months Ended

Dec. 24, 2023

Note D - Stock-Based Compensation

Stock Options:

For the three and six months ended December 24, 2023, the Company recognized stock-based compensation expense related to stock options of zero and zero, respectively. For the three six months ended December 25, 2022, the Company recognized stock-based compensation expense related to stock options of $4 thousand and $8 thousand, respectively. As of December 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:

	Six Months Ended
	December 24, 2023			December 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 and six months ended December 24, 2023, the Company had stock-based compensation expense related to RSUs of $3 thousand and $82 thousand, respectively. For the three and six months ended December 25, 2022, the Company had stock-based compensation expense related to RSUs of $82 thousand and $165 thousand, respectively. As of December 24, 2023, there was $328 thousand unamortized stock-based compensation expense related to RSUs.

As of December 24, 2023 and December 25, 2022, the RSUs will be amortized during the next ten and 34 months, respectively. A summary of the status of restricted stock units as of December 24, 2023, and changes during the six months then ended is presented below:

	Six Months Ended
	December 24, 2023			December 25, 2022
Unvested at beginning of year		885,688			885,688
Granted		131,460			—
Issued		(588,589	)		—
Forfeited/Canceled		(126,684	)		—
Unvested at December 24, 2023		301,875			885,688