Stock-Based Compensation (Tables)

3 Months Ended

Jun. 25, 2017

Stock-Based Compensation

Schedule of Performance Stock Unit activity

	Three Months	Weighted
	Ended	Average Fair
	June 25,	Value at Grant
	2017	Date (per unit)
Unvested shares available for issue under outstanding PSUs, beginning of period	170,100	$	11.17
PSU’s Granted	81,000		12.69
PSU’s Vested	(7,600)		19.58
PSU’s Forfeited/Cancelled	(162,500)		10.77
Unvested shares available for issue under outstanding PSUs, end of period	81,000	$	12.71

Schedule of Stock Options

	Three Months	Weighted
	Ended	Average Fair
	June 25,	Value at Grant
	2017	Date (per unit)
Unvested options, beginning of period	395,000	$	1.96
Options Granted	200,000		2.38
Options Vested	(3,750)		3.55
Option’s Forfeited/Cancelled	—		—
Unvested options, end of period	591,250	$	2.11

				June 25, 2017
Grant Fiscal Year	Options Granted		Option Exercise Price	Options Outstanding	Options Exercisable
2018	200,000	$	14.63	200,000
2017	410,000	$	12.57	360,000	-
2016	100,000	$	22.42	60,000	28,750
Total				620,000	28,750

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

Grant Fiscal Year	Expected Stock Price Volatility		Risk-Free Interest rate		Expected Dividend Yield		Average Expected Term	Resulting Black Scholes Value
2018	32.26	%	1.93	%	5.47	%	4.0	$	2.38
2017	32.85	%	1.32	%	6.30	%	4.0	$	1.85
2016	26.40	%	1.67	%	3.50	%	4.0	$	3.43