Stock Based Compensation

3 Months Ended

Aug. 27, 2016

2. Stock Based Compensation

Total stock based compensation expense for the thirteen weeks ended August 27, 2016 and August 29, 2015 was $848,000 and $700,000, respectively.

Unrecognized compensation expense as a result of non-vested shares of the 2012 Omnibus Long-Term Incentive Plan at August 27, 2016 was $4.8 million and will be recorded over a weighted average period of 1.9 years. Refer to Note 11 of our May 28, 2016 audited financial statements for further information on our stock compensation plans.

At August 27, 2016, there were 283,800 restricted shares outstanding, with a weighted average grant date fair value of $35.99 per share. A summary of the Company’s restricted share activity for the thirteen weeks ended August 27, 2016 follows:


	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding, May 28, 2016		288,900	$	35.97
Vested		(2,960)		29.41
Forfeited		(2,140)		41.64
Outstanding, August 27, 2016		283,800	$	35.99