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Schedule of Summary of Outstanding Stock Options (Tables)
12 Months Ended
Jun. 26, 2016
Schedule of Summary of Outstanding Stock Options  
Schedule of Summary of Outstanding Stock Options

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 26, 2016

 

 

June 28, 2015

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

 

 

Exercise

 

 

 

Shares

 

 

Price

 

 

Shares

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning

 

 

 

 

 

 

 

 

 

 

 

 

of year

 

 

871,798

 

 

$

3.51

 

 

 

921,198

 

 

$

2.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

42,786

 

 

$

10.92

 

 

 

120,800

 

 

$

6.57

 

Exercised

 

 

(27,916

)

 

$

3.65

 

 

 

(170,200

)

 

$

2.50

 

Forfeited/Canceled/Expired

 

 

(39,112

)

 

$

5.67

 

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of year

 

 

847,556

 

 

$

3.77

 

 

 

871,798

 

 

$

3.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of year

 

 

558,620

 

 

$

2.71

 

 

 

406,378

 

 

$

2.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average fair value of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

options granted during the year

 

 

 

 

 

$

4.24

 

 

 

 

 

 

$

3.16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intrinsic value of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

options exercised

 

 

 

 

 

$

102,010

 

 

 

 

 

 

$

425,944

 

Schedule of restricted stock units (Tables)

 A summary of the status of restricted stock units as of June 26, 2016, and changes during the fiscal year then ended is presented below:

 

Number of Restricted Stock Units

 

 

 

 

 

 

Vested at June 28, 2015

 

 

                 -

Granted

 

 

     100,190

Vested

 

 

                 -

Forfeited

 

 

       20,570

Unvested at June 26, 2016

 

 

       79,620

Schedule of Stock Options weighted average Valuation Assumptions

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

 

 

 

June 26,

 

June 28,

 Fiscal Year Ended

 

2016

 

2015

 

 

 

 

 

 Expected life (in years)

 

             5.7

 

             5.9

 Expected volatility

 

36.0%

 

39.1%

 Risk-free interest rate

 

1.6%

 

1.9%

 Expected forfeiture rate

 

61.8%

 

47.1%