(9) Stock-Based Employee Compensation

On May 15, 2018, the Company’s stockholders approved a new 2018 Omnibus Incentive Plan (2018 Plan) which replaced the Amended and Restated 2005 Equity Incentive Plan (2005 Plan), which expired on May 30, 2018.  The 2018 Plan authorizes 2.5 million shares reserved for future grants.  Awards that were previously awarded under the 2005 Plan that are forfeited or cancelled in the future will be made available for grant or issuance under the 2018 Plan.  The 1,649,394 shares that were authorized but unissued under the 2005 Plan as of May 15, 2018 were cancelled.  As of September 29, 2019, there were 1,500 shares of common stock issuable upon exercise of currently outstanding options, and 501,186 currently outstanding unvested restricted stock awards under the 2005 Plan.  As of September 29, 2019, there were 373,717 currently outstanding unvested restricted stock awards and 22,960 restricted stock units under the 2018 Plan.  As of September 29, 2019, the 2018 Plan has 2,350,670 shares available for future grants. During the first thirty-nine weeks of fiscal year 2019, the Company issued 267,208 restricted stock awards and units to directors, officers and other employees of the Company. Of the 267,208 restricted stock awards and units issued during the first thirty-nine weeks of fiscal year 2019, 47,504 shares will vest in fiscal year 2020, 143,859 shares will vest in fiscal year 2021, 57,191 shares will vest in fiscal year 2022 and 18,654 shares will vest in fiscal year 2024.  Total stock compensation expense recognized during the first thirty-nine weeks of fiscal years 2019 and 2018 was $6.1 million and $5.7 million, respectively.