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STOCK OPTION AND BENEFIT PLANS (Tables)
12 Months Ended
Jul. 02, 2022
Share-Based Payment Arrangement [Abstract]  
Summarizes Option/SARs Activity of All Plans
The following table summarizes the Company’s Options and SARs activity for all plans from June 30, 2019 through July 2, 2022:
 
SARs
Available
For Grant
SARs
Outstanding
Aggregate
Intrinsic
Value (in
thousands)
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (in
years)
Balances, June 30, 2019493,918 985,416 $— $8.35 1.7
Shares authorized— — 
SARs granted(175,000)175,000 4.93 
SARs forfeited290,833 (290,833)7.71 
SARs exercised— — — — 
Balances June 27, 2020609,751 869,583 $— $7.87 1.9
Shares authorized— — 
SARs granted(155,000)155,000 6.94 
SARs forfeited213,333 (213,333)9.88 
SARs exercised20,000 (20,000)— 7.72 
Balances, July 3, 2021688,084 791,250 $— $7.15 1.9
Shares authorized— — 
SARs granted(165,000)165,000 7.17 
SARs forfeited197,500 (197,500)8.17 
SARs exercised— — — — 
Balances, July 2, 2022720,584 758,750 $— $6.89 2.1
Exercisable at July 2, 2022187,500 $— $7.26 0.1
Additional Information Regarding Options Outstanding
Additional information regarding SARs outstanding and exercisable as of July 2, 2022, is as follows:
Range of
Exercise Prices
Number OutstandingWeighted Avg.
Remaining
Contractual Life (yrs.)
Weighted Avg.
Exercise Price
Number
Exercisable
Weighted
Avg. Exercise
Price
$4.40 – $7.90642,500 2.2$6.65 187,500 $7.26 
7.91 – 9.91116,250 0.98.17 — — 
$4.40 to $9.91758,750 2.1$6.89 187,500 $7.26