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Stock-Based Compensation (Tables) | 9 Months Ended
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Jun. 29, 2021
Share-based Payment Arrangement [Abstract] |
Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants | In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:
|  | Three Quarters Ended June 29, 2021 Incentive and Non-Qualified Stock Options |
Expected term (years) |  |  | 3.63 |  |
Expected volatility |  |  | 74.62 | % |
Risk-free interest rate |  |  | 0.24 | % |
Expected dividends |  |  | - |  |
Summary of Stock Option Activity Under Share Based Compensation Plan | The following table summarizes stock option activity for the three quarters ended June 29, 2021 under all plans:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Avg. Remaining Contractual Life (Yrs.) |
Outstanding at beginning of year |  |  | 630,268 |  |  | $ | 3.56 |  |  |  |
Options granted |  |  | 90,000 |  |  | $ | 2.33 |  |  |  |
Options exercised |  |  | (170,248 | ) |  | $ | 2.39 |  |  |  |
Forfeited |  |  | (14,309 | ) |  | $ | 3.76 |  |  |  |
Expired |  |  | (20,629 | ) |  | $ | 1.56 |  |  |  |
Outstanding June 29, 2021 |  |  | 515,082 |  |  | $ | 3.81 |  |  | 5.7 |
Exercisable June 29, 2021 |  |  | 421,862 |  |  | $ | 3.73 |  |  | 5.4 |
Schedule of Non-vested Restricted Stock Activity | A summary of the status of non-vested restricted stock as of June 29, 2021 is presented below.
|  | Shares |  |  | Grant Date Fair Value Per Share |
Non-vested shares at beginning of year |  |  | 92,604 |  |  | $1.54 to $3.95 |
Vested |  |  | (26,894 | ) |  | $2.52 to $3.95 |
Forfeited |  |  | (1,935 | ) |  | $2.30 to $2.68 |
Non-vested shares at June 29, 2021 |  |  | 63,775 |  |  | $1.54 to $3.95 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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