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STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Jun. 26, 2014
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 during fiscal 2013 and fiscal 2012:

 

     June 27, 2013     June 28, 2012  

Risk-free interest rate

     0.9     1.1

Expected dividend yield

     0.0     0.0

Expected volatility

     42.3     38.1

Expected life (years)

     6.3        6.3   
Summary of Stock Option Activity

The following is a summary of stock option activity for the year ended June 26, 2014:

 

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

Outstanding at June 27, 2013

     115,250      $ 13.68         

Granted

     —          —           

Exercised

     (49,500     12.44         

Forfeited

     (2,250     32.30         
  

 

 

         

Outstanding at June 26, 2014

     63,500      $ 13.98         2.01       $ 786   
  

 

 

         

 

 

 

Exercisable at June 26, 2014

     61,875      $ 13.95         1.86       $ 768   
  

 

 

         

 

 

 

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 26, 2014
    Year ended
June 27, 2013
    Year ended
June 28, 2012
 

Weighted-average grant date fair value of options granted

  $ —        $ 5.77      $ 3.39   

Total intrinsic value of options exercised

  $ 602      $ 535      $ 394   

Total cash received from exercise of options

  $ 616      $ 1,219      $ 452   

Summary of Non Vested Stock Options

The following is a summary of non-vested stock options for the year ended June 26, 2014:

 

Options

   Shares     Weighted-
Average
Grant-Date
Fair Value
 

Non-vested at June 27, 2013

     2,625      $ 6.45   

Granted

     —          —     

Vested

     (1,000     6.56   

Forfeited

     —          —     
  

 

 

   

 

 

 

Non-vested at June 26, 2014

     1,625      $ 6.40   
  

 

 

   

 

 

 
Options Outstanding

Exercise prices for options outstanding as of June 26, 2014 ranged from $7.95 to $18.46 and may be segregated into two ranges, as shown below:

 

     Option Price Per Share Range  
     $7.95 - $11.30      $14.73 - $18.46  

Number of options

     28,000         35,500   

Weighted-average exercise price

   $ 8.91       $ 17.98   

Weighted-average remaining life in years

     3.0         1.2   

Number of options exercisable

     27,750         34,125   

Weighted-average exercise price for exercisable options

   $ 8.92       $ 18.05   

Summary of Restricted Stock Unit Activity

The following is a summary of restricted stock unit activity for the year ended June 26, 2014:

 

Restricted Stock Units

   Shares     Weighted-
Average
Grant-Date
Fair Value
 

Outstanding at June 27, 2013

     215,294      $ 11.99   

Granted

     68,710        25.32   

Vested

     (79,196     12.74   

Forfeited

     (3,500     12.77   
  

 

 

   

 

 

 

Outstanding at June 26, 2014

     201,308      $ 16.23   
  

 

 

   

 

 

 

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 26,
2014
     Year ended
June 27,
2013
     Year ended
June 28,
2012
 

Compensation cost charged to earnings

   $ 1,105       $ 905       $ 820   

Income tax benefit recognized

     512         202         95