Note 8 - Stock-Based Employee Compensation

6 Months Ended

Jun. 28, 2015

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

(8) Stock-Based Employee Compensation

Under the Amended and Restated 2005 Equity Incentive Plan, at June 28, 2015, there were 382,492 shares of common stock issuable upon exercise of currently outstanding options, 908,272 currently outstanding restricted stock awards and 2,278,845 shares available for future grants. During the first twenty-six weeks of fiscal year 2015, the Company issued 583,662 restricted stock awards to directors, officers and other employees of the Company. Of the 583,662 restricted stock awards issued during the first twenty-six weeks of fiscal year 2015, 104,567 shares will vest pro rata over three annual service periods through March 9, 2018, 54,095 will vest upon completion of a two-year service period on March 9, 2017, 100,000 shares will vest pro rata over three annual service periods through June 15, 2018 and 325,000 will vest at 25% annually with the first vesting date occurring on June 15, 2018 and ending June 15, 2021. Total stock compensation expense recognized during the first twenty-six weeks of fiscal years 2015 and 2014 was $1.6 million and $1.3 million, respectively.