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STOCK OPTION AND BENEFIT PLANS (Tables) | 12 Months Ended
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Jun. 28, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Grant Date Fair Value for Awards Estimated Using Option Valuation Method with Weighted Average Assumptions | On July 31, 2013, the Company granted 213,166 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $11.34 and a grant date fair value of $4.67, as of June 28, 2014, 208,166 remain outstanding. The grant date fair value for the awards granted during fiscal year 2014 were estimated using the Black Scholes option valuation method with the following weighted average assumptions as July 31, 2013:
|  | Fiscal Year 2014
|  | July 31, 2013
Expected dividend yield |  | —%
Risk – free interest rate |  | 1.16%
Expected volatility |  | 52.12%
Expected life |  | 4.00
On July 25, 2012, the Company granted 210,666 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $7.44 and a grant date fair value of $3.71, as of June 28, 2014, 203,166 remain outstanding. The grant date fair value for the awards granted during fiscal year 2013 were estimated using the Black Scholes option valuation method with the following weighted average assumptions as July 25, 2012:
|  | Fiscal Year 2013
|  | July 25, 2012
Expected dividend yield |  | —%
Risk – free interest rate |  | 0.46%
Expected volatility |  | 66.50%
Expected life |  | 4.00
On July 27, 2011, the Company granted 184,666 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $4.40 and a grant date weighted average fair market value of $2.20, as of June 28, 2014, 172,666 remain outstanding. On January 26, 2012, the Company granted 32,000 SARs under the 2010 Incentive Plan to certain key employees at a strike price of $6.30 and grant date weighted average fair market value of $3.08, as of June 28, 2014, 25,000 remain outstanding. The grant date fair value for the awards granted during fiscal year 2012 were estimated using the Black Scholes option valuation method with the following weighted average assumptions at each of the respective grant dates:
|  | Fiscal Year 2012
|  | January 26, 2012 |  | July 27, 2011
Expected dividend yield |  | —% |  | —%
Risk – free interest rate |  | 0.52% |  | 1.16%
Expected volatility |  | 64.90% |  | 65.50%
Expected life |  | 4.00 |  | 4.00
Summarizes Option/SARs Activity of All Plans | The following table summarizes the Company's stock options and SARs activity for all plans from June 29, 2013 through June 28, 2014:
|  | Shares Available For Grant |  | Options/SARs Outstanding |  | Aggregate Intrinsic Value (in thousands) |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (in years)
Balances, June 29, 2013 |  | 263,168 |  |  | 961,692 |  |  | $ | 4,309 |  |  | $ | 5.87 |  |  | 2.6 |
Shares authorized |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Options/SARs granted |  | (213,166 | ) |  | 213,166 |  |  | — |  |  | 11.34 |  |  | — |
Options forfeited |  | 19,000 |  |  | (19,000 | ) |  | — |  |  | 6.93 |  |  | — |
Options exercised |  | — |  |  | (89,930 | ) |  | 406 |  |  | 5.14 |  |  | — |
Balances, June 28, 2014 |  | 69,002 |  |  | 1,065,928 |  |  | $ | 4,096 |  |  | $ | 7.01 |  |  | 1.8 |
Exercisable at June 28, 2014 |  |  |  | 456,930 |  |  | $ | 2,679 |  |  | $ | 5.86 |  |  | 0.9 |
Additional Information Regarding Options Outstanding | Additional information regarding stock options and SARs outstanding and exercisable as of June 28, 2014, is as follows:
Range of Exercise Prices |  | Number Outstanding |  | Weighted Avg. Remaining Contractual Life (yrs.) |  | Weighted Avg. Exercise Price |  | Number Exercisable |  | Weighted Avg. Exercise Price
$3.40 – $5.40 |  | 177,596 |  |  | 0.1 |  | $ | 4.37 |  |  | 4,930 |  |  | $ | 3.40 |
5.41 – 7.41 |  | 477,000 |  |  | 1.0 |  | 5.91 |  |  | 452,000 |  |  | 5.89 |
7.42 – 9.42 |  | 203,166 |  |  | 3.1 |  | 7.44 |  |  | — |  |  | — |
9.43 – 11.34 |  | 208,166 |  |  | 4.1 |  | 11.34 |  |  | — |  |  | — |
$3.40 to $11.34 |  | 1,065,928 |  |  | 1.8 |  | $ | 7.01 |  |  | 456,930 |  |  | $ | 5.86 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards 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) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition 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 + Details
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