Note 7 Shareholders' Equity

3 Months Ended

Sep. 28, 2014

Equity [Abstract]

Note 7 Shareholders' Equity

7. SHAREHOLDERS’ EQUITY

a. Common Stock

In the three-month and nine-month periods ended September 28, 2014, we issued 17,018 and 45,810 shares of common stock to our non-employee directors, respectively, valued at $57 and $170, respectively.

b. Stock Options

We have stock options outstanding from various stock-based employee compensation plans, for which we record compensation cost relating to share-based payment transactions in our financial statements. Compensation cost related to stock options was $142 and $131 for the three-month periods ended September 28, 2014 and September 29, 2013, respectively, and $430 and $521 for the nine-month periods ended September 28, 2014 and September 29, 2013, respectively. As of September 28, 2014, there was $554 of total unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 1.2 years.

c. Restricted Stock Awards

Our President and Chief Executive Officer holds 120,000 restricted stock units, 30,000 of which vested during the nine month period ended September 28, 2014. Included in stock compensation expense in the three and nine months ended September 28, 2014 was $34 and $117, respectively, relating to these restricted stock units. Included in stock compensation expense in the three and nine months ended September 29, 2013 was $122 and $162, respectively, relating to these restricted stock units. There is $33 of unrecognized compensation cost related to restricted stock units as of September 28, 2014.

In addition, 49,200 shares of restricted stock were awarded to certain of the Company’s employees during the three month period ended September 28, 2014. Included in stock compensation expense in the three and nine months ended September 28, 2014 was $4 related to these awards, and there is $155 of unrecognized compensation cost related to these restricted shares as of September 28, 2014.