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Stock-Based Compensation Plans (Tables)

12 Months Ended

Jun. 25, 2015

Disclosure of Compensation Related Costs, Share-based 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:

		June 27, 2013
Risk-free interest rate			0.9	%
Expected dividend yield			0.0	%
Expected volatility			42.3	%
Expected life (years)			6.3

Summary of Stock Option Activity

The following is a summary of stock option activity for the year ended June 25, 2015:

		Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term in Years				Aggregate Intrinsic Value
Outstanding at June 26, 2014			63,500			$	13.98
Granted			—				—
Exercised			(38,500	)			16.70
Forfeited			—				—
Outstanding at June 25, 2015			25,000			$	9.80				2.36			$	1,115
Exercisable at June 25, 2015			24,125			$	9.60				2.18			$	1,081

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 25, 2015				Year ended June 26, 2014				Year ended June 27, 2013
Weighted-average grant date fair value of options granted		$	—			$	—			$	5.77
Total intrinsic value of options exercised		$	781			$	602			$	535
Total cash received from exercise of options		$	643			$	616			$	1,219

Options Outstanding

Exercise prices for options outstanding as of June 25, 2015 ranged from $7.95 to $18.03 and may be separated into two ranges, as shown below:

		Option Price Per Share Range
		$7.95				$8.71 - $18.03
Number of options			12,000				13,000
Weighted-average exercise price		$	7.95			$	11.52
Weighted-average remaining life in years			2.4				2.3
Number of options exercisable			12,000				12,125
Weighted-average exercise price for exercisable options		$	7.95			$	11.23

Summary of Restricted Stock Unit Activity

The following is a summary of restricted stock unit activity for the year ended June 25, 2015:

Restricted Stock Units		Shares				Weighted- Average Grant-Date Fair Value
Outstanding at June 26, 2014			201,308			$	16.23
Granted			83,505				33.95
Vested			(55,875	)			11.00
Forfeited			(270	)			32.52
Outstanding at June 25, 2015			228,668			$	23.96

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 25, 2015				Year ended June 26, 2014				Year ended June 27, 2013
Compensation cost charged to earnings		$	1,952			$	1,105			$	905
Income tax benefit recognized			814				512				202

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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

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Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) outstanding.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

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