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STOCK OPTIONS (TABLES)

12 Months Ended

Jun. 28, 2015

STOCK OPTIONS (TABLES)

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

A summary of stock option transactions under all of the Company’s stock option plans and information about fixed-price stock options is as follows:

		Fiscal Year Ended
		June 28, 2015								June 29, 2014
						Weighted-								Weighted-
						Average								Average
						Exercise								Exercise
		Shares				Price				Shares				Price

Outstanding at beginning
of year			921,198			$	2.92				851,306			$	2.54

Granted			120,800			$	6.57				147,892			$	4.92
Exercised			(170,200	)		$	2.50				(39,144	)		$	2.12
Forfeited/Canceled/Expired			-			$	-				(38,856	)		$	3.15

Outstanding at end of year			871,798			$	3.51				921,198			$	2.92

Exercisable at end of year			406,378			$	2.63				473,659			$	2.43

Weighted-average fair value of
options granted during the year						$	3.16							$	3.64

Total intrinsic value of
options exercised						$	425,944							$	82,845

Schedule of Stockholders Equity

The following table provides information on options outstanding and options exercisable as of June 28, 2015:

				Options Outstanding												Options Exercisable
								Weighted-
								Average
				Options				Remaining				Weighted-				Options				Weighted-
Range of				Outstanding				Contractual				Average				Exercisable				Average
Exercise Prices				at June 28, 2015				Life (Years)				Exercise Price				at June 28, 2015				Exercise Price

$	1.55 - 1.95				81,306				4.1			$	1.90				81,306			$	1.90
$	1.96 - 2.35				90,000				3.0			$	2.32				90,000			$	2.32
$	2.36 - 2.75				397,000				7.2			$	2.57				145,000			$	2.60
$	2.76 - 3.30				55,000				7.0			$	3.11				55,000			$	3.11
$	3.31 - 3.81				41,528				7.5			$	3.81				12,458			$	1.52
$	5.51 - 5.74				8,664				8.0			$	5.74				8,664			$	5.74
$	5.95 - 6.25				153,300				8.9			$	6.06				12,450			$	6.02
$	6.26 - 8.16				45,000				8.9			$	8.09				1,500			$	8.16
					871,798				6.9			$	3.51				406,378			$	2.63

Schedule of Stock Options Roll Forward

The following weighted average assumptions were used for options granted in the last two fiscal years:

		June 28,				June 29,
Fiscal Year Ended		2015				2014

Expected life (in years)			5.9				6.0
Expected volatility			39.1	%			42.8	%
Risk-free interest rate			1.9	%			1.5	%
Expected forfeiture rate			47.1	%			58.2	%