Stock-Based Compensation Plans

9 Months Ended

Mar. 29, 2018

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

Note 7 – Stock-Based Compensation Plans

The following is a summary of restricted stock unit (“RSU”) activity for the first thirty-nine weeks of fiscal 2018:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 29, 2017		201,858		$	40.36
Activity:
Granted		60,582			54.41
Vested ^(a)		(73,372	)		36.52
Forfeited		—			—

Outstanding at March 29, 2018		189,068		$	46.35

^(a)	The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy the statutory tax withholding requirements.

At March 29, 2018, there are 61,008 RSUs outstanding that are vested but deferred.

The following table summarizes compensation expense charged to earnings for all equity compensation plans for the periods presented:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 29, 2018		March 30, 2017		March 29, 2018		March 30, 2017
Stock-based compensation expense	$	751	$	536	$	2,180	$	1,964

As of March 29, 2018, there was $4,124 of total unrecognized compensation expense related to non-vested RSUs granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.7 years.

Stock option activity was insignificant during the first thirty-nine weeks of fiscal 2018.