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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jun. 28, 2017
Disclosure Nature Of Operations And Summary Of Significant Accounting Policies Narrative [Abstract] |
Fair Value Assumptions Using The Black-Scholes Option-Pricing Model | The fair value of stock options is estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:
| 2017 |  | 2016 |  | 2015
Expected volatility | 25.5 | % |  | 27.5 | % |  | 31.0 | %
Risk-free interest rate | 1.3 | % |  | 1.5 | % |  | 1.6 | %
Expected lives | 5 years |  |  | 5 years |  |  | 5 years |
Dividend yield | 2.6 | % |  | 2.4 | % |  | 2.2 | %
Expected volatility and the expected life of stock options are based on historical experience. The risk-free rate is based on the yield of a Treasury Note with a term equal to the expected life of the stock options. The dividend yield is based on the most recent quarterly dividend per share declared and the closing stock price on the declaration date.
Schedule of Weighted Average Number of Shares | Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):
| 2017 |  | 2016 |  | 2015
Basic weighted average shares outstanding | 50,638 |  |  | 57,895 |  |  | 63,072 |
Dilutive stock options | 192 |  |  | 316 |  |  | 569 |
Dilutive restricted shares | 420 |  |  | 473 |  |  | 763 |
| 612 |  |  | 789 |  |  | 1,332 |
Diluted weighted average shares outstanding | 51,250 |  |  | 58,684 |  |  | 64,404 |
Awards excluded due to anti-dilutive effect on earnings per share | 973 |  |  | 550 |  |  | 119 |

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- Definition Disclosure - Nature Of Operations And Summary Of Significant Accounting Policies (Narrative) [Abstract] + References No definition available. + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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