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Stock Ownership Plans
 12 Months Ended
Sep. 27, 2015
Stock Ownership Plans [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
STOCK OWNERSHIP PLANS
 
Total non-cash stock compensation expense is $1,971,000, $1,481,000 and $1,261,000, in 2015, 2014 and 2013, respectively.

At September 27, 2015, we have reserved 5,492,191 shares of Common Stock for issuance to employees under an incentive and nonstatutory stock option and restricted stock plan approved by stockholders. At September 27, 2015, 3,621,136 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)
2015

 
2014

 
2013

 
 
 
 
 
 
Under option, beginning of year
2,333

 
2,769

 
3,102

Granted
—

 
15

 
51

Exercised
(289
)
 
(342
)
 
(62
)
Canceled
(173
)
 
(109
)
 
(322
)
Under option, end of year
1,871

 
2,333

 
2,769

Exercisable, end of year
1,840

 
1,786

 
1,791



Weighted average prices of stock options are as follows:
(Dollars)
2015

 
2014

 
2013

 
 
 
 
 
 
Granted
—

 
2.99

 
1.20

Exercised
1.27

 
2.01

 
1.65

Cancelled
5.02

 
10.98

 
5.18

Under option, end of year
2.71

 
2.70

 
2.94


 
The following assumptions were used to estimate the fair value of 2014 and 2013 option awards:
 
 
 
2014

 
2013

 
 
 
 
 
 
Volatility (Percent)
 
 
91

 
121

Risk-free interest rate (Percent)
 
 
1.24

 
0.68

Expected term (Years)
 
 
4.5

 
4.7

Estimated fair value (Dollars)
 
 
2.02

 
0.98


 
A summary of stock options outstanding at September 27, 2015 is as follows:
(Dollars)
Options Outstanding
 
 
Options Exercisable
 
Range of
Exercise
Prices
Number
Outstanding (Thousands)

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

 
Number
Exercisable  (Thousands)

 
Weighted
Average
Exercise Price

 
 
 
 
 
 
 
 
 
1 - 5 
1,813

5.7
 
1.79

 
1,782

 
1.79

25 - 50
58

0.9
 
31.64

 
58

 
31.64

 
1,871

5.5
 
2.71

 
1,840

 
2.72


  
Total unrecognized compensation expense for unvested stock options at September 27, 2015 is $15,000, which will be recognized over a weighted average period of 0.6 years.

The aggregate intrinsic value of stock options outstanding at September 27, 2015 is $834,000.

Restricted Common Stock
 
A summary of restricted Common Stock activity follows:
(Thousands of Shares)
2015

 
2014

 
2013

 
 
 
 
 
 
Outstanding, beginning of year
1,291

 
500

 
500

Granted
786

 
817

 
—

Vested
(500
)
 
—

 
—

Forfeited
(31
)
 
(26
)
 
—

Outstanding, end of year
1,546

 
1,291

 
500


 
Weighted average grant date fair values of restricted Common Stock are as follows:
(Dollars)
2015

 
2014

 
2013

 
 
 
 
 
 
Outstanding, beginning of year
2.72

 
1.31

 
1.31

Granted
3.62

 
3.61

 
—

Vested
1.31

 
—

 
—

Forfeited
3.62

 
3.61

 
—

Outstanding, end of year
3.62

 
2.72

 
1.31


 
Total unrecognized compensation expense for unvested restricted Common Stock at September 27, 2015 is $3,173,000, which will be recognized over a weighted average period of 1.7 years.

In December 2015, we issued 890,000 shares of restricted Common Stock to employees. The grant date fair value was $1.53 per share. All restrictions lapse in December 2018 with respect to these shares.

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 2015, 2014 or 2013.