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STOCK OPTIONS | 3 Months Ended
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Dec. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock Options | STOCK OPTIONS The Company has options outstanding under two stock option plans, the 2010 Stock Option Plan (the “2010 Plan”) and the 2016 Stock Option Plan (the “2016 Plan”). Options granted under both plans are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted and expire ten years after the date of grant. The Company also maintains a Section 162(m) Cash Bonus Plan. Under the Company's Section 162(m) Cash Bonus Plan, compensation paid in excess of $1,000,000 to any employee who is the chief executive officer, or one of the three highest paid executive officers on the last day of that tax year (other than the chief executive officer or the chief financial officer) is not tax deductible. A summary of stock option activity is presented below:
| 2020
| Shares |  | Weighted Average Exercise Price |  | Weighted Average Contractual Term |  | Aggregate Intrinsic Value
Outstanding, beginning of period | 363,500 |  |  | $18.46 |  | 4.8 Years |  |  |
Options: |  |  |  |  |  |  |  |
Granted | — |  |  |  |  |  |  |  |
Exercised | — |  |  |  |  |  |  |  |
Canceled or expired | — |  |  |  |  |  |  |  |
Outstanding and expected to vest, end of period | 363,500 |  |  | $19.25 |  | 4.5 Years |  | $ | 1,090,000 |
Exercisable, end of period | 341,000 |  |  | $19.21 |  | 4.1 Years |  | $ | 1,043,000 |
Shares available for future grant | 441,000 |  |  |  |  |  |  |  |
Compensation cost charged to operations for the 13 weeks ended December 28, 2019 and December 29, 2018 for share-based compensation programs was approximately $12,000 and $12,000, respectively. The compensation cost recognized is classified as a general and administrative expense in the consolidated condensed statements of operations. As of December 28, 2019, there was approximately $41,000 of unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a period of three years.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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