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Commitments and Contingencies
6 Months Ended
Dec. 27, 2015
Commitments and Contingencies {1}  
Commitments and Contingencies

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Commitments and Contingencies

 

On April 22, 2009, the Company’s board of directors amended the stock purchase plan first adopted on May 23, 2007, and previously amended on June 2, 2008, to increase the number of shares of common stock the Company may repurchase to a total of 3,016,000 shares.  As of December 27, 2015, up to an additional 848,425 shares could be purchased under the plan.

 

The Company is subject to various claims and legal actions in the ordinary course of its business.  The Company believes that all such claims and actions currently pending against it are either adequately covered by insurance or would not have a material adverse effect on the Company’s annual results of operations, cash flows or financial condition if decided in a manner that is unfavorable to the Company.