Stock Based Compensation (Tables)
|
12 Months Ended |
Oct. 01, 2017 |
|---|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
| Schedule of stock options granted to officers and employees |
As
of October 1, 2017, Optex Systems Holdings has granted stock options to officers and employees as follows (as adjusted for the
1000:1 reverse stock split on common shares effective October 7, 2015):
| Date of |
|
Options |
|
|
Exercise |
|
|
Options Outstanding |
|
|
Expiration |
|
Vesting |
| Grant |
|
Granted |
|
|
Price |
|
|
As of 10/01/17 |
|
|
Date |
|
Period |
| 12/09/11 |
|
|
46,070 |
|
|
$ |
10.00 |
|
|
|
35,010 |
|
|
12/08/2018 |
|
4 years |
| 12/19/13 |
|
|
25,000 |
|
|
$ |
10.00 |
|
|
|
25,000 |
|
|
12/18/2020 |
|
4 years |
| Total |
|
|
71,070 |
|
|
|
|
|
|
|
60,010 |
|
|
|
|
|
|
| Schedule of aggregate stock options granted under the incentive stock option plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate stock options granted under the incentive stock
option plan (as adjusted for the 1000:1 reverse stock split on common shares effective October 7, 2015):
| |
|
|
|
|
Weighted |
|
|
|
|
|
|
|
| |
|
Number
of |
|
|
Average |
|
|
Weighted |
|
|
Aggregate |
|
| |
|
Remaining |
|
|
Fair |
|
|
Average |
|
|
Value |
|
| Subject to Exercise |
|
Options |
|
|
Value |
|
|
Life (Years) |
|
|
(Thousands) |
|
| Outstanding as of September
27, 2015 |
|
|
62,858 |
|
|
$ |
— |
|
|
|
2.32 |
|
|
$ |
— |
|
| Granted – 2016 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited – 2016 |
|
|
(2,518 |
) |
|
|
|
|
|
|
|
|
|
|
— |
|
| Exercised – 2016 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
— |
|
| Outstanding as of October 2, 2016 |
|
|
60,340 |
|
|
$ |
— |
|
|
|
1.40 |
|
|
$ |
— |
|
| Granted – 2017 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited – 2017 |
|
|
(330) |
|
|
|
|
|
|
|
|
|
|
|
— |
|
| Exercised – 2017 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
— |
|
| Outstanding as of October 1, 2017 |
|
|
60,010 |
|
|
$ |
— |
|
|
|
0.76 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of October 2, 2016 |
|
|
52,840 |
|
|
$ |
— |
|
|
|
1.07 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of October 1, 2017 |
|
|
56,260 |
|
|
$ |
— |
|
|
|
.60 |
|
|
$ |
— |
|
|
| Schedule of aggregate non-vested shares granted under the 2009 Stock Option Plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate non-vested shares granted under the 2009
Stock Option Plan:
| |
|
Number
of
Non-vested Options |
|
|
Weighted-
Average
Grant Date
Fair Value |
|
| Non-vested as of September
27, 2015 |
|
|
22,592 |
|
|
$ |
7.66 |
|
| Non-vested granted — year ended October
2, 2016 |
|
|
— |
|
|
|
— |
|
| Vested — year ended October 2, 2016 |
|
|
(12,574 |
) |
|
|
7.33 |
|
| Forfeited — year ended October 2,
2016 |
|
|
(2,518 |
) |
|
|
— |
|
| Non-vested as of October 2, 2016 |
|
|
7,500 |
|
|
$ |
8.00 |
|
| Non-vested granted — year ended October
1, 2017 |
|
|
— |
|
|
|
— |
|
| Vested — year ended October 1, 2017 |
|
|
(3,750 |
) |
|
|
8.00 |
|
| Forfeited — year ended October 1, 2017 |
|
|
— |
|
|
|
— |
|
| Non-vested as of October 1, 2017 |
|
|
3,750 |
|
|
$ |
8.00 |
|
|
| Schedule of aggregate non-vested restricted stock units granted under the Company's 2016 Restricted Stock Unit Plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate non-vested restricted stock units granted
under the Company’s 2016 Restricted Stock Unit Plan:
| |
|
|
Outstanding
Unvested RSU’s |
|
| Granted
- year ended 2016 |
|
|
|
200,000 |
|
| Vested
2016 - year ended 2016 |
|
|
|
— |
|
| Unvested
as of October 2 ,2016 |
|
|
|
200,000 |
|
| Granted - year ended
2017 |
|
|
|
50,000 |
|
| Vested
- year ended 2017 |
|
|
|
(68,000 |
) |
| Unvested
as of October 1, 2017 |
|
|
|
182,000 |
|
|
| Schedule of compensation costs |
Equity
compensation is amortized based on a straight line basis across the vesting or service period as applicable. The recorded compensation
costs for options and shares granted and restricted stock units awarded as well as the unrecognized compensation costs are summarized
in the table below:
| |
|
Stock
Compensation |
|
| |
|
(thousands) |
|
| |
|
Recognized
Compensation Expense |
|
|
Unrecognized
Compensation Expense |
|
| |
|
Twelve
months ended |
|
|
As
of period ending |
|
| |
|
October
1, 2017 |
|
|
October
2, 2016 |
|
|
October
1, 2017 |
|
|
October
2, 2016 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stock Options |
|
$ |
40 |
|
|
$ |
52 |
|
|
$ |
8 |
|
|
$ |
48 |
|
| Restricted Stock Units |
|
|
133 |
|
|
|
93 |
|
|
|
194 |
|
|
|
279 |
|
| Consultant Shares
(IRTH) |
|
|
47 |
|
|
|
47 |
|
|
|
— |
|
|
|
47 |
|
| Total
Stock Compensation |
|
$ |
220 |
|
|
$ |
192 |
|
|
$ |
202 |
|
|
$ |
374 |
|
|