STOCK OPTION AND BENEFIT PLANS (Tables)

12 Months Ended

Jun. 27, 2015

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 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 June 27, 2015, 213,166 remain outstanding. The grant date fair value for the awards granted during fiscal year 2015 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

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 27, 2015, 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 27, 2015, 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

Summarizes Option/SARs Activity of All Plans

The following table summarizes the Company’s stock options and SARs activity for all plans from June 28, 2014 through June 27, 2015:

	SARs Available For Grant		Options/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
Exercisable at June 27, 2015			189,333		$	881	$	4.65	1.2

Additional Information Regarding Options Outstanding

Additional information regarding stock options and SARs outstanding and exercisable as of June 27, 2015, 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	164,333	1.1	$	4.40	164,333	$	4.40
5.41 – 7.41	25,000	1.6	6.30		25,000	6.30
7.42 – 9.42	416,332	3.2	7.84		—	—
9.43 – 11.34	208,166	3.1	11.34		—	—
$3.40 to $11.34	813,831	2.5	$	7.99	189,333	$	4.65