STOCK OPTION AND BENEFIT PLANS (Tables)

12 Months Ended

Jun. 29, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Grant Date Fair Value for Awards Estimated Using Option Valuation Method with Weighted Average Assumptions

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

On October 21, 2010, the Company obtained shareholder approval of the 2010 Incentive Plan at the Annual Shareholder Meeting. As a result, the Company replaced the cash-settlement feature with a net-share-settlement feature for the 522,000 SARs granted during the fourth quarter of fiscal 2010. Therefore, the awards were reclassified from liability awards to equity awards effective October 21, 2010 at a weighted average fair value of $2.89. The fair value for the liability awards amended to equity awards during fiscal year 2011 were estimated using the Black-Scholes option valuation model with the following weighted average assumptions as of October 21, 2010:

	Fiscal Year 2011
	October 21, 2010
Expected dividend yield	—	%
Risk – free interest rate	0.73	%
Expected volatility	68.30	%
Expected life	3.56

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

Summarizes Option/SARs Activity of All Plans

The following table summarizes option/SARs activity of all plans from June 30, 2012 through June 29, 2013:

	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 30, 2012	461,334	784,360		$	2,261	$	5.36	3.1
Shares authorized	—	—		—		—		—
Options/SARs granted	—	210,666		—		7.44		—
Options canceled and expired	—	(12,502	)	—		6.22		—
Options exercised	—	(20,832	)	157		2.23		—
Balances, June 29, 2013	461,334	961,692		$	4,309	$	5.87	2.6
Exercisable at June 29, 2013		546,860		$	3,141	$	5.74	1.8

Additional Information Regarding Options Outstanding

Additional information regarding options outstanding as of June 29, 2013, is as follows:

		Options/SARs Outstanding			Options/SARs Exercisable
Range of Exercise Prices	Number Outstanding	Weighted Avg. Remaining Contractual Life (yrs.)	Weighted Avg. Exercise Price		Number Exercisable	Weighted Avg. Exercise Price
$1.81 – $2.72	15,000	0.3	$	2.20	15,000	$	2.20
2.73 – 4.09	9,860	3.0	3.40		9,860	3.40
4.10 – 6.15	701,666	2.5	5.51		522,000	5.89
6.16 – 7.44	235,166	4.0	7.28		—	—
$1.81 to $7.44	961,692	2.6	$	5.87	546,860	$	5.74