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Stock Ownership Plans
12 Months Ended
Sep. 29, 2013
Stock Ownership Plans [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
STOCK OWNERSHIP PLANS
 
Total non-cash stock compensation expense is $1,261,000, $1,080,000 and 1,287,000, in 2013, 2012 and 2011, respectively.

At September 29, 2013, we have reserved 4,477,266 shares of Common Stock for issuance to employees under an incentive and nonstatutory stock option and restricted stock plan approved by stockholders. At September 29, 2013, 1,708,760 shares are available for granting of non-qualified stock options or issuance of restricted Common Stock.

Stock Options
 
Options are granted at a price equal to the fair market value on the date of the grant and are exercisable, upon vesting, over a ten-year period.
 
A summary of stock option activity is as follows:
(Thousands of Shares)
2013

 
2012

 
2011

 
 
 
 
 
 
Under option, beginning of year
3,102

 
1,812

 
940

Granted
51

 
1,520

 
1,105

Exercised
(62
)
 

 
(15
)
Canceled
(322
)
 
(230
)
 
(218
)
Under option, end of year
2,769

 
3,102

 
1,812

 
 
 
 
 
 
Exercisable, end of year
1,791

 
1,298

 
552



Weighted average prices of stock options are as follows:
(Dollars)
2013

 
2012

 
2011

 
 
 
 
 
 
Granted
1.20

 
1.16

 
2.57

Exercised
1.65

 

 

Under option, end of year
2.94

 
3.18

 
5.07


 
The following assumptions were used to estimate the fair value of 2013, 2012 and 2011 option awards:
 
2013

 
2012

 
2011

 
 
 
 
 
 
Volatility (Percent)
121

 
122

 
111

Risk-free interest rate (Percent)
0.68

 
0.76

 
1.01

Expected term (Years)
4.7

 
4.7

 
4.7

Estimated fair value (Dollars)
0.98

 
0.95

 
2.00


 
A summary of stock options outstanding at September 29, 2013 is as follows:
(Prices in Dollars)
Options Outstanding
 
 
Options Exercisable
 
Range of
Exercise
Prices
Number
Outstanding

Weighted Average
Remaining Contractual
Life (Years)
 
Weighted
Average
Exercise Price

 
Number
Exercisable

 
Weighted
Average
Exercise Price

 
 
 
 
 
 
 
 
 
1 - 5 
2,671,115

7.6
 
1.77

 
1,693,124

 
2.11

25 - 50
97,391

2.3
 
35.07

 
97,391

 
35.07

 
2,768,506

7.4
 
2.94

 
1,790,515

 
3.91


  
Total unrecognized compensation expense for unvested stock options at September 29, 2013 is $771,000, which will be recognized over a weighted average period of 1.7 years.
 
The aggregate intrinsic value of stock options outstanding at September 29, 2013 is $2,491,000.

Restricted Common Stock
 
A summary of restricted Common Stock activity follows:
(Thousands of Shares)
2013

 
2012

 
2011

 
 
 
 
 
 
Outstanding, beginning of year
500

 

 
299

Granted

 
500

 

Vested

 

 
(297
)
Forfeited

 

 
(2
)
Outstanding, end of year
500

 
500

 


 
Weighted average grant date fair values of restricted Common Stock are as follows:
(Dollars)
2013

 
2012

 
2011

 
 
 
 
 
 
Outstanding, beginning of year
1.31

 

 
15.02

Granted

 
1.31

 

Vested

 

 
15.02

Forfeited

 

 
15.02

Outstanding, end of year
1.31

 
1.31

 


 
The fair value of restricted Common Stock vested in 2011 totals $723,000.

Total unrecognized compensation expense for unvested restricted Common Stock at September 29, 2013 is $395,000, which will be recognized over a weighted average period of 1.8 years.

In November 2013, 801,000 shares of restricted Common Stock were issued to employees. The grant date fair value was $3.61 per share. The restriction lapses in November 2016.

Stock Purchase Plans
 
We have 270,000 shares of Common Stock available for issuance pursuant to our Employee Stock Purchase Plan. We also have 8,700 shares of Common Stock available for issuance under our Supplemental Employee Stock Purchase Plan. There has been no activity under these plans in 2013, 2012 or 2011.