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STOCK OPTION AND BENEFIT PLANS (Tables) | 12 Months Ended
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Jul. 01, 2017
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 October 28, 2016, the Company granted 10,000 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $8.04 and a grant date fair value of $2.30, as of July 1, 2017, 10,000 remain outstanding. The grant date fair value for the awards granted during fiscal year 2017, were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of October 28, 2016:
| Fiscal Year 2017
| October 28, 2016
Expected dividend yield | —%
Risk – free interest rate | 1.63%
Expected volatility | 33.43%
Expected life | 4.00
On July 26, 2016, the Company granted 242,500 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $8.18 and a grant date fair value of $2.42, as of July 1, 2017, 242,500 remain outstanding. The grant date fair value for the awards granted during fiscal year 2017, were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of July 26, 2016:
| Fiscal Year 2017
| July 26, 2016
Expected dividend yield | —%
Risk – free interest rate | 0.93%
Expected volatility | 36.13%
Expected life | 4.00
On July 29, 2015, the Company granted 248,166 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $10.26 and a grant date fair value of $3.65, as of July 1, 2017, 233,333 remain outstanding. The grant date fair value for the awards granted during fiscal year 2016, were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of July 29, 2015:
| Fiscal Year 2016
| July 29, 2015
Expected dividend yield | —%
Risk – free interest rate | 1.39%
Expected volatility | 43.66%
Expected life | 4.00
On October 31, 2014, the Company granted 213,166 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $8.22 and a grant date fair value of $3.04, as of July 1, 2017, 205,833 remain outstanding. The grant date fair value for the awards granted during fiscal year 2016, were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of October 31, 2014:
| Fiscal Year 2015
| October 31, 2014
Expected dividend yield | —%
Risk – free interest rate | 1.39%
Expected volatility | 45.67%
Expected life | 4.00
Summarizes Option/SARs Activity of All Plans | The following table summarizes the Company’s Options and SARs activity for all plans from June 28, 2014 through July 1, 2017:
| SARs Available For Grant |  | SARs Outstanding |  | Aggregate Intrinsic Value (in thousands) |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (in years)
Balances, June 28, 2014 | 69,002 |  |  | 1,065,928 |  |  | $ | 4,096 |  |  | $ | 7.01 |  |  | 1.8
Shares authorized | 1,000,000 |  |  |  |  |  |  | — |  |  |
SARs granted | (213,166 | ) |  | 213,166 |  |  |  |  | 8.22 |  |  |
SARs forfeited | — |  |  | — |  |  |  |  | — |  |  |
Options/SARs exercised | — |  |  | (465,263 | ) |  | 1,877 |  |  | 5.84 |  |  |
Balances, June 27, 2015 | 855,836 |  |  | 813,831 |  |  | $ | 2,312 |  |  | $ | 7.99 |  |  | 2.5
Shares authorized | — |  |  |  |  |  |  |  |  |
SARs granted | (248,166 | ) |  | 248,166 |  |  |  |  | 10.26 |  |  |
SARs forfeited | 26,999 |  |  | (26,999 | ) |  |  |  | 9.48 |  |  |
SARs exercised | — |  |  | (63,333 | ) |  | 165 |  |  | 4.56 |  |  |
Balances, July 2, 2016 | 634,669 |  |  | 971,665 |  |  | $ | 339 |  |  | $ | 8.75 |  |  | 2.4
Shares authorized | — |  |  |  |  |  |  |  |  |
SARs granted | (252,500 | ) |  | 252,500 |  |  |  |  | 8.17 |  |  |
SARs forfeited | 12,166 |  |  | (12,166 | ) |  |  |  | 8.60 |  |  |
SARs exercised | — |  |  | (127,000 | ) |  | 385 |  |  | 4.77 |  |  |
Balances, July 1, 2017 | 394,335 |  |  | 1,084,999 |  |  | $ | — |  |  | $ | 9.09 |  |  | 2.3
Exercisable at July 1, 2017 |  |  | 393,333 |  |  | $ | — |  |  | $ | 9.43 |  |  | 0.6
Additional Information Regarding Options Outstanding | Additional information regarding SARs outstanding and exercisable as of July 1, 2017, 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
$4.40 – $7.90 |  | 192,500 |  |  | 0.1 |  | $ | 7.44 |  |  | 192,500 |  |  | $ | 7.44 |
7.91 – 9.91 |  | 458,333 |  |  | 3.3 |  | 8.19 |  |  | — |  |  | — |
9.92 – 11.34 |  | 434,166 |  |  | 2.2 |  | 10.76 |  |  | 200,833 |  |  | 11.34 |
$4.40 to $11.34 |  | 1,084,999 |  |  | 2.3 |  | $ | 9.09 |  |  | 393,333 |  |  | $ | 9.43 |

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