Stock-Based Compensation

3 Months Ended

Oct. 01, 2011

Stock-Based Compensation [Abstract]

STOCK-BASED COMPENSATION

12. STOCK-BASED COMPENSATION

The following information represents the Company’s grants of stock-based compensation to employees and directors during the three months ended October 1, 2011 and October 2, 2010:

	Three months ended
	October 1,				October 2,
	2011				2010
	Number of		Fair				Fair
	Shares		Value of		Number of		Value of
Grant Type	Granted		Grant		Shares Granted		Grant
Stock		36,000	$	765		36,000	$	523
Restricted stock		38,438		816		67,800		1,006

The fair value of the stock granted to the Board of Directors is recognized immediately. The Company recognizes compensation expense for restricted stock awards over the four-year vesting period based on the fair value of the awards on the grant date, net of forfeitures. The fair value of stock and restricted stock awards is based on the fair market value of the Company’s stock on the date of grant.