STOCK OPTION AND BENEFIT PLANS (Tables)

12 Months Ended

Jul. 02, 2016

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 29, 2015, the Company granted 248,166 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $10.26 and a grant date fair value of $3.65, as of July 2, 2016, 240,833 remain outstanding. The grant date fair value for the awards granted during fiscal year 2016 were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of July 29, 2015:

	Fiscal Year 2016
	July 29, 2015
Expected dividend yield	—%
Risk – free interest rate	1.39%
Expected volatility	43.66%
Expected life	4.00

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 July 2, 2016, 205,833 remain outstanding. The grant date fair value for the awards granted during fiscal year 2016 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 July 2, 2016, 200,833 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

Summarizes Option/SARs Activity of All Plans

The following table summarizes the Company’s SARs activity for all plans from June 27, 2015 through July 2, 2016:

	SARs Available For Grant		SARs Outstanding		Aggregate Intrinsic Value (in thousands)		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balances, June 27, 2015	855,836		813,831		$	2,312	$	7.99	2.5
Shares authorized	—
SARs granted	(248,166	)	248,166				10.26
SARs forfeited	26,999		(26,999	)			9.48
SARs exercised	—		(63,333	)	165		4.56
Balances, July 2, 2016	634,669		971,665		$	339	$	8.75	2.4
Exercisable at July 2, 2016			324,166		$	339	$	6.37	0.7

Additional Information Regarding Options Outstanding

Additional information regarding SARs outstanding and exercisable as of July 2, 2016, 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
$4.40 – $6.40	129,333	0.0	$	4.77	129,333	$	4.77
6.41 – 8.41	400,666	1.1	7.84		194,833	7.44
8.42 – 10.42	240,833	3.7	10.26		—	—
10.43 – 11.34	200,833	2.1	11.34		—	—
$4.40 to $11.34	971,665	2.4	$	8.75	324,166	$	6.37