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STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Jun. 27, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Weighted Average Assumptions to Determine Fair Value of Options Granted

The following weighted-average assumptions were used to determine the fair value of options granted for the last three fiscal years:

 

     June 27, 2013     June 28, 2012     June 30, 2011  

Risk-free interest rate

     0.9     1.1     2.2

Expected dividend yield

     0.0     0.0     0.0

Expected volatility

     42.3     38.1     43.6

Expected life (years)

     6.3        6.3        6.3   
Summary of Stock Option Activity

The following is a summary of stock option activity for the year ended June 27, 2013:

 

                  Weighted-         
           Weighted-      Average         
           Average      Remaining      Aggregate  
     Shares     Exercise
Price
     Contractual
Term
     Intrinsic
Value
 

Outstanding at June 28, 2012

     205,500      $ 13.38         

Granted

     3,000        12.34         

Exercised

     (92,375     13.04         

Forfeited

     (875     6.98         
  

 

 

         

Outstanding at June 27, 2013

     115,250      $ 13.68         3.1       $ 740   
  

 

 

         

 

 

 

Exercisable at June 27, 2013

     112,625      $ 13.65         2.9       $ 728   
  

 

 

         

 

 

 
Summary of Weighted Average Grant Date Fair Value of Option Awards Granted

The following table summarizes the weighted-average grant-date fair value of option awards granted, the total intrinsic value of all options exercised and the total cash received from the exercise of options for the last three fiscal years:

 

     Year ended
June 27, 2013
     Year ended
June 28, 2012
     Year ended
June 30, 2011
 

Weighted-average grant date fair value of options granted

   $ 5.77       $ 3.39       $ 6.71   

Total intrinsic value of options exercised

   $ 535       $ 394       $ 77   

Total cash received from exercise of options

   $ 1,219       $ 452       $ 84   
Summary of Non Vested Stock Options

The following is a summary of non-vested stock options for the year ended June 27, 2013:

 

Options

   Shares     Weighted-
Average
Grant-Date
Fair Value
 

Non-vested at June 28, 2012

     1,875      $ 5.27   

Granted

     3,000        5.77   

Vested

     (1,875     4.84   

Forfeited

     (375     3.14   
  

 

 

   

 

 

 

Non-vested at June 27, 2013

     2,625      $ 6.45   
  

 

 

   

 

 

 
Options Outstanding

Exercise prices for options outstanding as of June 27, 2013 ranged from $7.95 to $32.30 and may be segregated into two ranges, as shown below:

 

     Option Price Per Share Range  
     $7.95 - $11.30      $14.73 - $32.30  

Number of options

     56,500         58,750   

Weighted-average exercise price

   $ 8.61       $ 18.55   

Weighted-average remaining life in years

     4.1         2.1   

Number of options exercisable

     56,125         56,500   

Weighted-average exercise price for exercisable options

   $ 8.61       $ 18.65   
Summary of Restricted Stock Unit Activity

The following is a summary of restricted stock unit activity for the year ended June 27, 2013:

 

Restricted Stock Units

   Shares     Weighted-
Average
Grant-Date
Fair  Value
 

Outstanding at June 28, 2012

     220,500      $ 10.71   

Granted

     66,294        16.40   

Vested

     (64,000     12.12   

Forfeited

     (7,500     12.22   
  

 

 

   

 

 

 

Outstanding at June 27, 2013

     215,294      $ 11.99   
  

 

 

   

 

 

 
Summary of Compensation Cost and Income Tax Benefit

The following table summarizes compensation cost charged to earnings for all equity compensation plans and the total income tax benefit recognized for the last three fiscal years:

 

     Year ended
June 27,
2013
     Year ended
June 28,
2012
     Year ended
June 30,
2011
 

Compensation cost charged to earnings

   $ 905       $ 820       $ 730   

Income tax benefit recognized

     202         95         11