Stock-Based Compensation (Tables)

6 Months Ended

Mar. 30, 2021

Share-based Payment Arrangement [Abstract]

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants

In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:

	Two Quarters Ended March 30, 2021 Incentive and Non-Qualified Stock Options
Expected term (years)		3.63
Expected volatility		74.62%
Risk-free interest rate		0.24%
Expected dividends		-

Summary of Stock Option Activity Under Share Based Compensation Plan

The following table summarizes stock option activity for the two quarters ended March 30, 2021 under all plans:

	Shares			Weighted Average Exercise Price		Weighted Avg. Remaining Contractual Life (Yrs.)
Outstanding at beginning of year		630,268		$	3.56
Options granted		90,000		$	2.33
Options exercised		(43,330	)	$	2.22
Forfeited		(6,492	)	$	3.54
Expired		(20,629	)	$	1.56
Outstanding March 30, 2021		649,817		$	3.54	5.3
Exercisable March 30, 2021		443,781		$	3.66	4.5

Schedule of Non-vested Restricted Stock Activity

A summary of the status of non-vested restricted stock as of March 30, 2021 is presented below.

	Shares			Grant Date Fair Value Per Share
Non-vested shares at beginning of year		92,604		$1.54 to $3.95
Vested		(17,546	)	$3.95
Non-vested shares at March 30, 2021		75,058		$1.54 to $3.95