Stock Based Compensation (Tables)
|
12 Months Ended |
Sep. 29, 2019 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Schedule of Stock Options Granted to Officers and Employees |
As of September 29, 2019, Optex Systems Holdings
has granted stock options to officers and employees as follows:
| Date of |
|
|
Options |
|
|
Exercise |
|
|
Options Outstanding |
|
|
Expiration |
|
|
Vesting |
|
| Grant |
|
|
Granted |
|
|
Price |
|
|
As of 09/29/19 |
|
|
Date |
|
|
Period |
|
| 12/19/13 |
|
|
|
25,000 |
|
|
$ |
10.00 |
|
|
|
25,000 |
|
|
|
12/18/2020 |
|
|
|
4 years |
|
| Total |
|
|
|
25,000 |
|
|
|
|
|
|
|
25,000 |
|
|
|
|
|
|
|
|
|
|
| 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:
| |
|
|
|
|
Weighted |
|
|
|
|
|
|
|
| |
|
Number of |
|
|
Average |
|
|
Weighted |
|
|
Aggregate |
|
| |
|
Remaining |
|
|
Fair |
|
|
Average Life |
|
|
Value |
|
| Subject to Exercise |
|
Options |
|
|
Value |
|
|
(Years) |
|
|
(Thousands) |
|
| Outstanding as of October 1, 2017 |
|
|
60,010 |
|
|
$ |
— |
|
|
|
2.03 |
|
|
$ |
— |
|
| Granted – 2018 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited – 2018 |
|
|
(30 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised – 2018 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of September 30, 2018 |
|
|
59,980 |
|
|
$ |
— |
|
|
|
1.03 |
|
|
$ |
— |
|
| Granted – 2019 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited – 2019 |
|
|
(34,980 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised – 2019 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of September 29, 2019 |
|
|
25,000 |
|
|
$ |
— |
|
|
|
1.47 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of September 30, 2018 |
|
|
59,980 |
|
|
$ |
— |
|
|
|
1.03 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of September 29, 2019 |
|
|
25,000 |
|
|
$ |
— |
|
|
|
1.47 |
|
|
$ |
— |
|
|
| 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 October 1, 2017 |
|
|
3,750 |
|
|
$ |
8.00 |
|
| Non-vested granted — year ended September 30, 2018 |
|
|
— |
|
|
|
— |
|
| Vested — year ended September 30, 2018 |
|
|
(3,750 |
) |
|
|
8.00 |
|
| Forfeited — year ended September 30, 2018 |
|
|
— |
|
|
|
— |
|
| Non-vested as of September 30, 2018 |
|
|
-0- |
|
|
$ |
8.00 |
|
| Non-vested granted — year ended September 29, 2019 |
|
|
— |
|
|
|
— |
|
| Vested — year ended September 29, 2019 |
|
|
— |
|
|
|
— |
|
| Forfeited — year ended September 29, 2019 |
|
|
— |
|
|
|
— |
|
| Non-vested as of September 29, 2019 |
|
|
-0- |
|
|
$ |
— |
|
|
| Schedule of Aggregate Non-vested Restricted Stock Units Granted |
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 |
|
| Unvested as of October 1, 2017 |
|
|
182,000 |
|
| Granted |
|
|
— |
|
| Vested |
|
|
(83,000 |
) |
| Unvested as of September 30, 2018 |
|
|
99,000 |
|
| Granted |
|
|
200,000 |
|
| Vested |
|
|
(82,500) |
|
| Unvested as of September 29, 2019 |
|
|
216,500 |
|
|
| Schedule of Unrecognized Compensation Costs |
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 |
|
| |
|
September 29, 2019 |
|
|
September 30, 2018 |
|
|
September 29, 2019(1) |
|
|
September 30, 2018 |
|
| Stock Options |
|
$ |
— |
|
|
$ |
8 |
|
|
$ |
— |
|
|
$ |
— |
|
| Restricted Stock Units |
|
|
113 |
|
|
|
145 |
|
|
|
200 |
|
|
|
49 |
|
| Total Stock Compensation |
|
$ |
113 |
|
|
$ |
153 |
|
|
$ |
200 |
|
|
$ |
49 |
|
| (1) |
The unamortized stock compensation as of September 29, 2019 includes $3 thousand in restricted stock units that will be fully amortized as of December 31, 2019, and $197 thousand that is amortized on a straight line basis from January 1, 2019 through December 31, 2021. |
|