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COMMITMENTS AND CONTINGENCIES:
 12 Months Ended
Jun. 24, 2012
Commitment and Contingencies  
COMMITMENTS AND CONTINGENCIES:

NOTE I - COMMITMENTS AND CONTINGENCIES:

 

On April 22, 2009, the board of directors of the Company amended the stock repurchase plan first authorized on May 23, 2007, and previously amended on June 2, 2008, by increasing the aggregate number of shares of common stock the Company may repurchase under the plan to a total of 3,016,000 shares.  As of June 24, 2012, there were 848,425 shares available to repurchase under the plan.

 

The Company is subject to various claims and contingencies related to employment agreements, franchise disputes, lawsuits, taxes, food product purchase contracts and other matters arising out of the normal course of business.  Management believes that any such claims and actions currently pending are either covered by insurance or would not have a material adverse effect on the Company's annual results of operations or financial condition if decided in a manner that is unfavorable to us.