LONG-TERM DEBT (Tables)

9 Months Ended

Mar. 30, 2014

Long-term Debt, Unclassified [Abstract]

Schedule of debt

	Balance as of (in thousands)
	March 30, 2014		June 30, 2013
Revolving line of credit not to exceed $10.0 million with a maturity date of August 8, 2015; collateralized by accounts receivable and inventory; the amount available from this line is determined by a monthly borrowing base, at December 29, 2013. Interest is accrued and payable monthly.	$	3,314	$	2,868
Term Loan A in the amount of $3.6 million, collateralized by equipment payable in equal monthly payments of $60 thousand plus accrued interest, with a maturity date of August 8, 2017.		2,468		3,010
Term Loan B (commercial mortgage) in the amount of $5.5 million payable in equal monthly installments of $18 thousand plus accrued interest with maturity date of August 8, 2022, with a five year call option.		5,124		5,288
Term Bridge Loan in the amount of $6.9 million with interest only payments for the first 6 months and 23 monthly principal payments of $300 thousand plus interest with maturity date of February 8, 2015.		1,934		5,032
Subtotal	$	12,840	$	16,198

Promissory Notes Payable to Capital One Equipment Finance Corp. in the amount of $2.2 million with interest accrued and payable monthly. The Promissory Notes represent interim financing and will be converted to a capital lease obligation upon completion of the equipment build and the finalization of a lease agreement.		2,156			—
Convertible Note Payable to PCC in the amount of $17.6 million; due at 8/8/2017; interest is equal to the Five-Year U.S. Treasury Note Constant Maturity rate adjusted on each anniversary and is paid on a quarterly basis; this Note is subordinated to the first priority security interest of TD Bank Subject to certain terms of the agreement PCC has the option to convert outstanding principal and unpaid interest into shares of the Company’s Common Stock.	$	17,600		$	17,600
Convertible note interest discount(1)		(1,418	)		(1,734	)
Convertible note, net of discount		16,182			15,866
Total Long-Term Debt from Continuing Operations and Short-Term Borrowings		31,178			32,064
Less: Current Portion from Continuing Operations		(8,345	)		(7,410	)
Total Long-Term Debt Less Current Portion	$	22,833		$	24,654

(1) The interest discount represents the difference between the actual negotiated interest rate being the Five-Year U.S. Treasury Note Constant Maturity rate, and the Company’s assumption of market rate of 4%. The total interest discount calculated was $2.1 million, which is amortized over the life of the note. The fiscal year 2014 non-cash interest discount amortization reduces the interest discount balance by $316 thousand, resulting in an ending balance as of March 30, 2014 of $1.4 million.