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STOCK OWNERSHIP PLANS
12 Months Ended
Sep. 29, 2024
Share-Based Payment Arrangement [Abstract]  
STOCK OWNERSHIP PLANS STOCK OWNERSHIP PLANS
Total non-cash stock compensation expense is $1.8 million, $1.8 million. and $1.3 million, in 2024, 2023, and 2022, respectively.
At September 29, 2024, we have reserved 69,107 shares of Common Stock for issuance to employees under an incentive and non-statutory stock option and restricted stock plan approved by stockholders, of which 69,107 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)202420232022
Outstanding, beginning of year— — 36 
Exercised— — (9)
Canceled— — (27)
Outstanding, end of year— — — 
Exercisable, end of year— — — 
Weighted average prices of stock options are as follows:
(Dollars)202420232022
Exercised— — 11.30 
Cancelled— — 11.30 
Outstanding, end of year— — 11.40 
Restricted Common Stock
A summary of restricted Common Stock activity is as follows:
(Thousands of Shares)202420232022
Outstanding, beginning of year162 165 154 
Granted93 69 78 
Vested(35)(62)(66)
Forfeited(1)(10)(1)
Outstanding, end of year219 162 165 
Weighted average grant date fair values of restricted Common Stock are as follows:
(Dollars)202420232022
Outstanding, beginning of year21.14 21.21 16.70 
Granted9.56 17.87 30.01 
Vested11.79 17.27 20.93 
Forfeited14.24 24.04 23.60 
Outstanding, end of year17.74 21.14 21.21 
Total unrecognized compensation expense for unvested restricted Common Stock at September 29, 2024 is $1.3 million, which will be recognized over a weighted average period of 1.4 years.
The total fair value of shares that vested during 2024, 2023, and 2022 were $0.4 million, $1.1 million, and $1.4 million, respectively.
Employee Stock Purchase Plans
We have 27,000 shares of Common Stock available for issuance pursuant to our Employee Stock Purchase Plan. We also have 870 shares of Common Stock available for issuance under our Supplemental Employee Stock Purchase Plan. There has been no activity under these plans in 2024, 2023, or 2022.