Stock Based Compensation

9 Months Ended

Mar. 03, 2018

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

Total stock based compensation expense for the thirty-nine weeks ended March 3, 2018 and February 25, 2017 was $2.6 million and $2.5 million, respectively.

Unrecognized compensation expense as a result of non-vested shares of the 2012 Omnibus Long-Term Incentive Plan at March 3, 2018 was $6.9 million and will be recorded over a weighted average period of 2.2 years. Refer to Note 10 of our June 3, 2017 audited financial statements for further information on our stock compensation plans.

At March 3, 2018, there were 243,060 restricted shares outstanding, with a weighted average grant date fair value of $45.30 per share. The Company’s restricted share activity for the thirty-nine weeks ended March 3, 2018 follows:



	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding, June 3, 2017	247,735		$	42.76
Granted	88,965		43.81
Vested	(85,990	)	36.76
Forfeited	(7,650	)	41.75
Outstanding, March 3, 2018	243,060		$	45.30