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Stock-Based Compensation
 9 Months Ended
Apr. 01, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
The Company has a long-term incentive plan to offer incentive and non-qualified stock options, stock appreciation rights, restricted stock or restricted stock units, performance awards and other stock-based awards, including grants of shares under the Sparton Corporation 2010 Long-Term Incentive Plan (the “2010 Plan”).
The following table shows stock-based compensation expense by type of share-based award included in the consolidated statements of income:
 
For the Third Quarter of Fiscal Years
 
For the First Three Quarters of Fiscal Years
 
2018
 
2017
 
2018
 
2017
Fair value expense of stock option awards
$
5

 
$
48

 
$
49

 
$
145

Restricted stock units
2

 
447

 
180

 
1,251

Restricted and unrestricted stock
—

 
(947
)
 
—

 
(571
)
Total stock-based compensation expense
$
7

 
$
(452
)
 
$
229

 
$
825


The following is a summary of activity for the first three quarters of fiscal year 2018 related to the 2010 Plan:
 
Stock Options
 
Restricted stock units
 
Restricted shares
Outstanding at July 2, 2017
100,022

 
128,134

 
25,912

Granted
—

 
—

 
—

Forfeited
(12,647
)
 
(19,632
)
 
(25,912
)
Outstanding at April 1, 2018
87,375

 
108,502

 
—


As of April 1, 2018, 51,288 stock options were exercisable, of which 23,138 vested in the first two quarters of fiscal year 2018. No stock options vested during the third quarter of fiscal year 2018.