STOCK-BASED COMPENSATION |
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| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION Restricted Stock Units: The following table summarizes the non-vested restricted stock units outstanding as of September 26, 2026 (in thousands, except per unit data):
Total expense relating to restricted stock units, based on grant date fair value and the achievement criteria, was $2.2 million and $4.2 million for the three and six months ended September 26, 2026, respectively. The expense related to restricted stock units for the three and six months ended September 27, 2025 was $1.8 million and $2.5 million, respectively. As of September 26, 2026, unearned compensation, to be recognized over the grants’ respective service periods, totaled $12.8 million based on estimated achievement levels as of September 26, 2026. If the maximum performance levels were achieved, the unearned compensation could be as much as $14.8 million. Stock Options: There were no stock option grants for the first six months of fiscal year 2027. The following weighted-average assumptions were used to value options granted during the first six months of fiscal year 2026:
The expense related to all stock option awards was less than $0.1 million and $0.1 million for the three and six months ended September 26, 2026, respectively. Total expense related to all stock option awards for the three and six months ended September 27, 2025 was $0.2 million and $0.4 million, respectively. The following table summarizes the Company’s options as of and for the first six months ended September 26, 2026 (in thousands, except price per option data and years):
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the second quarter of fiscal year 2027 and the exercise price, multiplied by the number of in-the-money stock options) that would have been received by the option holders had all holders exercised their options on September 26, 2026. The amount of aggregate intrinsic value will change based on the fair market value of the Company’s common stock. Total unrecognized compensation cost related to non-vested stock options as of September 26, 2026 was $0.4 million, which is expected to be recognized over a period of approximately two years. The aggregate intrinsic value of stock options exercised during the first six months of fiscal year 2027 and 2026 was $1.4 million and less than $0.1 million, respectively.
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