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Stock-Based Compensation (Tables)
12 Months Ended
Mar. 27, 2016
Stock-Based Compensation  
Nonvested Performance-based Units Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

2016

    

2015

 

2014

 

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

 

Average Fair

 

 

 

Average Fair

 

 

 

Average Fair

 

 

 

 

Shares

 

Value at Grant

 

Shares

 

Value at Grant

 

Shares

 

Value at Grant

 

Unvested shares available for issue under outstanding PSUs, beginning of period

 

 

203,841

 

$

20.65

 

317,127

 

$

15.96

 

455,979

 

$

12.77

 

PSU’s Granted

 

 

103,000

 

 

22.15

 

91,000

 

 

29.28

 

112,000

 

 

19.91

 

PSU’s Vested

 

 

(87,648)

 

 

13.88

 

(125,347)

 

 

14.44

 

(199,066)

 

 

10.22

 

PSU’s Forfeited/Cancelled

 

 

(80,268)

 

 

28.57

 

(78,939)

 

 

21.61

 

(51,786)

 

 

18.47

 

Unvested shares available for issue under outstanding PSUs, end of period

 

 

138,925

 

$

21.46

 

203,841

 

$

20.65

 

317,127

 

$

15.96

 

 

Nonvested Performance-based Units Expected to Vest by Fiscal Year Maturity

 

 

 

 

 

    

Number of Shares

 

2016

 

26,736

 

2017

 

9,189

 

 

 

35,925

 

 

Schedule of assumptions of Black-Scholes-Merton option pricing model

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected Stock Price Volatility

 

Risk-Free Interest rate

 

Expected Dividend Yield

 

Average Expected Term

 

 

Resulting Black Scholes Value

2016 Grants

 

26.40%

 

1.67%

 

3.50%

 

4.0

 

$

3.43