XML 48 R33.htm IDEA: XBRL DOCUMENT v3.25.2
STOCK-BASED COMPENSATION AND BENEFIT PLANS (Tables)
12 Months Ended
Jun. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of SARs Activity
Stock Appreciation Rights
In addition to service conditions, SARs contain a performance condition. The additional performance condition is based upon the achievement of Return on Invested Capital (ROIC) goals relative to a peer group. All awards with performance conditions are evaluated quarterly to determine the likelihood that performance metrics will be achieved during the performance period. These awards are charged to compensation expense over the requisite service period based on the number of shares expected to vest. If the performance and service conditions are attained, then the SARs cliff vest after the completion of the three-year period from date of grant and expire five years from date of grant.
SARsAggregate
Intrinsic
Value (in
thousands)
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (in
years)
Balance, July 1, 2023626,250 $— $6.41 2.2
SARs forfeited(137,500)6.9 
SARs expired(101,250)8.17 
Balance, June 30, 2024387,500 $— 5.78 1.8
SARs forfeited(136,250)7.17 
SARs expired(115,000)4.93 
Balance, June 28, 2025136,250 $— $5.10 2.1
Exercisable at June 28, 2025— — —