STOCK OPTION AND BENEFIT PLANS (Tables)

12 Months Ended

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