Stock-Based Compensation

3 Months Ended

Sep. 25, 2022

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note E - Stock-Based Compensation

Stock Options:

For the fiscal quarters ended September 25, 2022 and September 26, 2021, the Company recognized stock-based compensation expense related to stock options of $4 thousand and zero, respectively. As of September 25, 2022, there was $11 thousand unamortized stock-based compensation expense related to stock options.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

	Three Months Ended
	September 25, 2022		September 26, 2021
	Shares		Shares
Outstanding at beginning of year		111,750		166,750
Granted		40,000		—
Exercised		—		—
Forfeited/Canceled/Expired		—		—
Outstanding at end of period		151,750		166,750
Exercisable at end of period		111,750		166,750

Restricted Stock Units:

For the three months ended September 25, 2022 and September 26, 2021, the Company had stock-based compensation expense of $82 thousand and $42 thousand, respectively, related to RSUs. As of September 25, 2022, there was no unamortized stock-based compensation expense related to RSUs.

A summary of the status of restricted stock units as of September 25, 2022, and changes during the three months then ended is presented below:

Unvested at June 26, 2022	885,687
Granted	—
Issued	—
Forfeited	—
Unvested at September 25, 2022	885,687