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Stock-Based Compensation (Tables)

6 Months Ended

Dec. 28, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity Under Our Stock Incentive Plan

A summary of stock option activity under our stock incentive plan for the six months ended December 28, 2014 was as follows:

	Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (in thousands)
Outstanding, June 29, 2014		185,242			$	24.73
Granted		10,000			$	79.73
Exercised		(16,570	)		$	21.84
Forfeited		(8,589	)		$	37.43
Outstanding, December 28, 2014		170,083			$	27.61				6.2			$	9,695
Exercisable, December 28, 2014		97,279			$	19.75				4.5			$	6,310

Intrinsic Value of Stock Options Exercised and the Fair Value of Stock Options Vested

The intrinsic value of stock options exercised and the fair value of stock options vesting during the three and six month periods presented below was as follows (in thousands):

	Three Months Ended								Six Months Ended
	December 28, 2014				December 29, 2013				December 28, 2014				December 29, 2013
Intrinsic Value of Options Exercised	$	290			$	623			$	990			$	678
Fair Value of Stock Options Vesting	$	-			$	142			$	382			$	415

Grant Date Fair Value and Assumptions Used to Determine Compensation Expense

The grant date fair value and assumptions used to determine compensation expense for the options granted during each period presented below were as follows:

	Six Months Ended
	December 28, 2014				December 29, 2013
Weighted Average Grant Date Fair Value:
Options Issued at Grant Date Market Value		n/a				n/a
Options Issued Above Grant Date Market Value	$	34.93			$	17.58
Assumptions:
Risk Free Interest Rate		1.90	%			2.06	%
Expected Volatility		57.83	%			58.75	%
Expected Dividend Yield		0.62	%			1.11	%
Expected Term (in years)		6.0				6.0

Summary of Restricted Stock Activity Under Our Stock Incentive Plan

A summary of restricted stock activity under our omnibus stock incentive plan for the six months ended December 28, 2014 was as follows:

	Shares				Weighted Average Grant Date Fair Value
Nonvested Balance, June 29, 2014		63,600			$	28.64
Granted		25,000			$	70.90
Vested		(17,800	)		$	23.01
Forfeited		(3,300	)		$	44.92
Nonvested Balance, December 28, 2014		67,500			$	44.98

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)

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Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (d)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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