Stock-Based Compensation

3 Months Ended

Oct. 31, 2017

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note 9—Stock-Based Compensation

Stock Options: 

Effective as of July 31, 2013, the Company adopted the 2013 Stock Option and Incentive Plan (as amended and restated to date, the “2013 Plan”). As of October 31, 2017, there are 64,033 shares of the Company’s Class B common stock available for the grant of awards under the 2013 Plan.

No stock options were issued in Fiscal 2018.

Stock-based compensation is included in selling, general and administrative and, with respect to stock options granted, amounted to approximately $0 and $78,000 for Fiscal 2018 and Fiscal 2017, respectively. Stock-based compensation with respect to stock options included in discontinued operations amounted to $0 and $19,000 for Fiscal 2018 and Fiscal 2017, respectively.

Common Stock: 

From time to time, the Company issues Class B common stock (and options to purchase Class B common stock) to non-employee directors, officers, other employees, and other service providers.

There were no issuances of Class B common stock in Fiscal 2018.

Stock-based compensation is included in selling, general and administrative expense and, with respect to common stock, amounted to approximately $819,000 and $1,966,000 for Fiscal 2018 and Fiscal 2017, respectively. Stock-based compensation with respect to common stock included in discontinued operations amounted to $132,000 and $451,000 for Fiscal 2018 and Fiscal 2017, respectively.

As of October 31, 2017, there were 244,000 restricted shares of Class B common stock that had not vested. As of October 31, 2017, there was approximately $6,433,000 of total unrecognized compensation cost related to issued but non-vested restricted shares. The Company expects to recognize the unrecognized compensation cost as follows: Fiscal 2018 - $2,544,000, Fiscal 2019 - $2,705,000, Fiscal 2020 - $1,121,000 and Fiscal 2021 - $63,000.