Stock Based Compensation

9 Months Ended

Feb. 25, 2017

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

Total stock based compensation expense for the thirty-nine weeks ended February 25, 2017 and February 27, 2016 was $2.5 million and $2.2 million, respectively.

Unrecognized compensation expense as a result of non-vested shares of the 2012 Omnibus Long-Term Incentive Plan at February 25, 2017 was $6.9 million and will be recorded over a weighted average period of 2.3 years. Refer to Note 11 of our May 28, 2016 audited financial statements for further information on our stock compensation plans.

At February 25, 2017, there were 247,735 restricted shares outstanding, with a weighted average grant date fair value of $42.76 per share. A summary of the Company’s restricted share activity for the thirty-nine weeks ended February 25, 2017 follows:



	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding, May 28, 2016	288,900		$	35.97
Granted	86,215		43.00
Vested	(121,148	)	26.90
Forfeited	(6,232	)	39.66
Outstanding, February 25, 2017	247,735		$	42.76