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Stock-based Compensation (Tables)
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12 Months Ended |
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Sep. 27, 2014
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary of stock option activity |
A summary of our stock option activity during fiscal year 2014, the transition period ended September 28, 2013 and fiscal years 2013 and 2012 is presented below:
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Fiscal Year 2014 |
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Transition Period |
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Fiscal Year 2013 |
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Fiscal Year 2012 |
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Shares |
Weighted Average Exercise Price |
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Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
Stock options outstanding, beginning of fiscal year |
584,500 |
|
$ |
12.13 |
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|
600,500 |
|
$ |
12.09 |
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|
799,834 |
|
$ |
12.22 |
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|
851,167 |
|
$ |
12.16 |
|
Stock options exercised |
(82,500 |
) |
$ |
11.28 |
|
|
(16,000 |
) |
$ |
10.83 |
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|
(139,334 |
) |
$ |
11.14 |
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|
(25,333 |
) |
$ |
8.11 |
|
Stock options forfeited |
|
$ |
— |
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|
$ |
— |
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|
(60,000 |
) |
$ |
15.91 |
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|
(26,000 |
) |
$ |
14.48 |
|
Stock options outstanding, end of fiscal year |
502,000 |
|
$ |
12.27 |
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|
584,500 |
|
$ |
12.13 |
|
|
600,500 |
|
$ |
12.09 |
|
|
799,834 |
|
$ |
12.22 |
|
Stock options outstanding and exercisable, end of fiscal year |
502,000 |
|
$ |
12.27 |
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|
584,500 |
|
$ |
12.13 |
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|
600,500 |
|
$ |
12.09 |
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|
799,834 |
|
$ |
12.22 |
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| Shares authorized by exercise price range |
The following table summarizes information about our stock options outstanding, all of which are exercisable as of September 27, 2014:
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Date of Option Grant |
Number of Options Outstanding and Exercisable |
Exercise Price |
Grant-Date Fair Value |
Expiration Date |
July 4, 2005 |
350,000 |
|
$ |
13.35 |
|
$ |
5.18 |
|
July 4, 2015 |
July 27, 2006 |
30,000 |
|
$ |
17.24 |
|
$ |
6.20 |
|
July 27, 2016 |
February 8, 2008 |
112,000 |
|
$ |
8.30 |
|
$ |
2.95 |
|
February 8, 2018 |
March 16, 2009 |
10,000 |
|
$ |
4.01 |
|
$ |
2.00 |
|
February 18, 2018 |
|
502,000 |
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The following table summarizes information about the unvested restricted stock units and performance units as of September 27, 2014.
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Restricted Stock Units/Performance Units |
Number of Units |
Average Market Price on Date of Grant |
Vesting Date |
Fiscal year 2012 Performance Units |
52,000 |
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|
$14.25 |
August 2015 |
Transition period Performance Units |
74,176 |
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|
$14.10 |
August 2015 |
Transition period Restricted Stock Units |
74,176 |
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|
$14.10 |
August 2015 |
Transition period Performance Units |
7,500 |
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|
$16.61 |
August 2015 |
Transition period Restricted Stock Units |
7,500 |
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$16.61 |
August 2015 |
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215,352 |
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| Schedule of nonvested restricted stock units activity |
The following table summarizes the restricted stock units and performance units award activity during the periods ending September 27, 2014, September 28, 2013, June 29, 2013, and June 30, 2012:
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September 27, 2014 |
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September 28, 2013 |
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June 29, 2013 |
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June 30. 2012 |
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Number of Units |
Weighted average grant date fair value |
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Number of Units |
Weighted average grant date fair value |
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Number of Units |
Weighted average grant date fair value |
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Number of Units |
Weighted average grant date fair value |
Units outstanding, beginning of fiscal year |
348,852 |
|
$ |
14.25 |
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|
224,870 |
|
$ |
15.37 |
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|
337,700 |
|
$ |
16.05 |
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|
— |
|
$ |
— |
|
Units granted |
— |
|
$ |
— |
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|
244,852 |
|
$ |
14.25 |
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|
10,000 |
|
$ |
13.66 |
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|
390,900 |
|
$ |
16.04 |
|
Units issued |
— |
|
$ |
— |
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(120,870 |
) |
$ |
16.34 |
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|
— |
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$ |
— |
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|
— |
|
$ |
— |
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Units forfeited |
(133,500 |
) |
$ |
14.16 |
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|
— |
|
$ |
— |
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|
(122,830 |
) |
$ |
17.10 |
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(53,200 |
) |
$ |
(16.00 |
) |
Units outstanding, end of fiscal year |
215,352 |
|
$ |
14.31 |
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348,852 |
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$ |
14.25 |
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224,870 |
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$ |
15.37 |
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|
337,700 |
|
$ |
16.05 |
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2010 Stock Plan [Member]
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|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary of stock option activity |
A summary of the stock option activity during the periods ending September 27, 2014, September 28, 2013, June 29, 2013, and June 30, 2012 is presented below:
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September 27, 2014 |
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September 28, 2013 |
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June 29, 2013 |
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June 30. 2012 |
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Shares |
Weighted Average Exercise Price |
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Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
Stock options outstanding, beginning of fiscal year |
50,000 |
|
$ |
13.47 |
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|
50,000 |
|
$ |
13.47 |
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|
50,000 |
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$ |
13.47 |
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|
50,000 |
|
$ |
13.47 |
|
Stock options granted |
— |
|
— |
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— |
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— |
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— |
|
— |
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— |
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— |
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Stock options exercised |
— |
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— |
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— |
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— |
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— |
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— |
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— |
|
— |
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Stock options forfeited |
— |
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— |
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— |
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— |
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— |
|
— |
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— |
|
— |
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Stock options outstanding, end of fiscal year |
50,000 |
|
$ |
13.47 |
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|
50,000 |
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$ |
13.47 |
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50,000 |
|
$ |
13.47 |
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|
50,000 |
|
$ |
13.47 |
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Stock options outstanding and exercisable, end of fiscal year |
50,000 |
|
$ |
13.47 |
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50,000 |
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$ |
13.47 |
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50,000 |
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$ |
13.47 |
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50,000 |
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$ |
13.47 |
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| Shares authorized by exercise price range |
The following table summarizes information about our stock options outstanding, all of which are exercisable as of September 27, 2014:
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Date of Option Grant |
Number of Options Outstanding and Exercisable |
Exercise Price |
Grant-Date Fair Value |
Expiration Date |
February 2, 2011 |
25,000 |
|
$ |
13.86 |
|
$ |
6.15 |
|
February 18, 2018 |
February 2, 2011 |
25,000 |
|
$ |
13.07 |
|
$ |
6.35 |
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February 18, 2018 |
|
50,000 |
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