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STOCK-BASED COMPENSATION AND BENEFIT PLANS (Tables)
12 Months Ended
Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The grant date fair value for the awards granted during fiscal year 2023, were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of July 29, 2022:
Fiscal Year 2023
 July 29, 2022
Expected dividend yield—%
Risk-free interest rate3.01%
Expected volatility48.56%
Expected life4.00
On August 9, 2021, the Company granted 165,000 SARs under the 2010 Incentive Plan to certain key employees and outside directors at a strike price of $7.17 and a grant date fair value of $2.73. As of June 29, 2024, 136,250 remain outstanding. The grant date fair value for the awards granted during fiscal year 2022, were estimated using the Black Scholes option valuation method with the following weighted average assumptions as of August 9, 2021:
Fiscal Year 2022
 August 9, 2021
Expected dividend yield—%
Risk-free interest rate0.62%
Expected volatility48.58%
Expected life4.00
Schedule of SARs Activity
The following table summarizes the Company’s SARs activity from July 3, 2021 through June 29, 2024: 
SARs
Available
For Grant
SARs
Outstanding
Aggregate
Intrinsic
Value (in
thousands)
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (in
years)
Balances, July 3, 2021688,084 791,250 $7.15 1.9
SARs granted(165,000)165,000 $7.17 
SARs expired197,500 (197,500)$8.17 
Balances, July 2, 2022720,584 758,750 $— $6.89 2.1
SARs granted(145,000)145,000 $5.10 
SARs forfeited90,000 (90,000)$6.55 
SARs expired187,500 (187,500)$7.26 
Balances, July 1, 2023853,084 626,250 $— $6.41 2.2
SARs forfeited137,500 (137,500)$6.90 
SARs expired101,250 (101,250)$8.17 
Balances, June 29, 20241,091,834 387,500 $— $5.78 1.8
Exercisable at June 29, 2024115,000 $— $4.93 0.1