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Note 10 - Stock Ownership Plans
9 Months Ended
Jun. 27, 2021
Notes to Financial Statements  
Share-based Payment Arrangement [Text Block]

10

STOCK OWNERSHIP PLANS

 

A summary of stock option activity during the 39 weeks ended June 27, 2021 follows, as adjusted to give effect to the reverse stock split:

 

(Thousands of Dollars and Shares, Except Per Share Data)

 

Shares

  Weighted Average Exercise Price  Weighted Average Remaining Contractual Term (Years)  Aggregate Intrinsic Value 
                 

Outstanding, September 27, 2020

  41   11.40         

Exercised

  (2)  11.30         

Cancelled

  (3)  11.30         

Outstanding, June 27, 2021

  36   11.40   0.95   604 

Exercisable, June 27, 2021

  36   11.40   0.95   604 

 

Restricted Common Stock

 

The table below summarizes restricted Common Stock activity during the 39 weeks ended June 27, 2021, as adjusted to give effect to the reverse stock split:

 

(Thousands of Shares, Except Per Share Data)

 

Shares

  Weighted Average Grant Date Fair Value 
         

Outstanding, September 27, 2020

  155   21.50 

Vested

  (45)  27.70 

Granted

  46   11.20 

Cancelled

      

Outstanding, June 27, 2021

  156   16.70 

 

Total unrecognized compensation expense for unvested restricted Common Stock at June 27, 2021 is $1,115,000, which will be recognized over a weighted average period of 1.4 years.