XML 31 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation
3 Months Ended
Dec. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
STOCK-BASED COMPENSATION
 
We compensate our officers, directors and employees with stock-based compensation under the 2017 Stock Incentive Plan (the 2017 Plan) approved by our shareholders and administered under the supervision of our Board of Directors. As of December 29, 2018, a total of 967 shares were available for issuance under the 2017 Plan.
We make an annual stock grant under the 2017 Plan of stock options, restricted stock units and performance restricted stock units, as well as stock grants throughout the fiscal year. For fiscal years 2019, 2018 and 2017, the annual stock grant occurred in December 2018, April 2018 and April 2017, respectively.
Stock Options
During the three months ended December 29, 2018, 230 stock options were granted at a weighted average fair value of $9.89. During the three months ended December 30, 2017, no stock options were granted.
Restricted Stock Units and Performance Restricted Stock Units
We award restricted stock units to directors and key employees and performance restricted stock units to key employees. During the three months ended December 29, 2018, we granted 106 restricted stock units and 40 performance restricted stock units to directors, officers and employees. During the three months ended December 30, 2017, we granted 1 restricted stock units and no performance restricted stock units. The fair value of the restricted stock units and performance restricted stock units granted during the three months ended December 29, 2018 and December 30, 2017 was $45.80 and $51.78, respectively, representing the market value of our shares as of the date of grant less the present value of estimated foregone dividends over the vesting period.
Employee Stock Purchase Plan
Our U.S. employees are eligible to participate in the 2012 Employee Stock Purchase Plan (2012 ESPP) approved by our shareholders. As of December 29, 2018, 615 shares were available for issuance under the 2012 ESPP. During the three months ended December 29, 2018 and December 30, 2017, we issued no shares under the 2012 ESPP.