Stock-Based Compensation

9 Months Ended

Mar. 30, 2025

Note E - Stock-Based Compensation

Stock Options:

For the three and nine months ended March 30, 2025 and March 24, 2024, the Company recognized stock-based compensation expense related to stock options of zero. As of March 30, 2025, there was no unamortized stock-based compensation expense related to stock options.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

	Nine Months Ended
	March 30, 2025		March 24, 2024
	Shares		Shares
Outstanding at beginning of year		114,286		151,750

Granted		—		—
Exercised		—		—
Forfeited/Canceled/Expired		—		(8,664	)

Outstanding at end of period		114,286		143,086

Exercisable at end of period		114,286		143,086

Restricted Stock Units:

For the three and nine months ended March 30, 2025, the Company had stock-based compensation expense related to RSUs of $52 thousand and $178 thousand, respectively. For the three and nine months ended March 24, 2024, the Company had stock-based compensation expense related to RSUs of $45 thousand and $127 thousand, respectively. As of March 30, 2025, there was $440 thousand unamortized stock-based compensation expense related to RSUs.

As of March 30, 2025 the RSUs will be amortized during the next 31 months. A summary of the status of restricted stock units as of March 30, 2025 and March 24, 2024, and changes during the nine months then ended is presented below:

	Nine Months Ended
	March 30, 2025			March 24, 2024
Unvested at beginning of year		269,063			885,688
Performance adjustment		34,351			(25,223	)
Granted		142,328			131,460
Issued		(198,414	)		(588,589	)
Forfeited		—			(101,461	)
Unvested at end of period		247,328			301,875