Stock Option and Purchase Plans (Tables)

12 Months Ended

Jun. 29, 2014

Summary of Stock Option Activity under our Stock Incentive Plan

A summary of stock option activity under our stock incentive plan was as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Balance at July 3, 2011		297,400		$	28.32
Granted		40,000		$	26.53
Exercised		(2,600	)	$	10.92
Expired		(2,000	)	$	37.58
Balance at July 1, 2012		332,800		$	28.19
Granted		40,000		$	25.64
Exercised		(55,845	)	$	13.78
Expired		(41,500	)	$	52.68
Terminated		(4,000	)	$	17.59
Balance at June 30, 2013		271,455		$	27.19
Granted		40,000		$	38.71
Exercised		(92,256	)	$	29.08
Expired		(22,500	)	$	58.33
Terminated		(11,457	)	$	30.61
Balance at June 29, 2014		185,242		$	24.73		6.5	$	7,655
Exercisable as of:
June 29, 2014		76,699		$	16.91		4.3	$	3,769
June 30, 2013		139,955		$	29.95		4.4	$	2,104
July 1, 2012		192,700		$	33.69		4.5	$	702
Available for grant as of June 29, 2014		126,250

Options Granted at Price Greater than the Market Value

Options granted at a price greater than the market value on the date of grant included in the table above were as follows:

		2014		2013	2012
Shares		40,000		40,000		40,000
Exercise price	$	38.71	$	25.64	$	26.53

Summary of Restricted Stock Activity under our Stock Incentive Plan

A summary of restricted stock activity under our stock incentive plan was as follows:

	Shares			Weighted Average Grant Date Fair Value
Nonvested Balance at July 3, 2011		38,900		$	21.19
Granted		20,000		$	23.01
Vested		(9,300	)	$	29.00
Forfeited		(200	)	$	23.01
Nonvested Balance at July 1, 2012		49,400		$	20.45
Granted		24,150		$	23.69
Vested		(10,400	)	$	15.44
Forfeited		(1,900	)	$	25.49
Nonvested Balance at June 30, 2013		61,250		$	22.42
Granted		24,950		$	37.29
Vested		(19,350	)	$	20.40
Forfeited		(3,250	)	$	27.88
Nonvested Balance at June 29, 2014		63,600		$	28.64