Stock-Based Compensation (Tables)

9 Months Ended

Mar. 27, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity Under Our Stock Incentive Plan

A summary of stock option activity under our stock incentive plan for the nine months ended March 27, 2016 was as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Outstanding, June 28, 2015		163,907		$	27.97
Exercised		(16,909	)	$	21.55
Forfeited		(2,000	)	$	17.59
Outstanding, March 27, 2016		144,998		$	28.86		5.6	$	4,594
Exercisable, March 27, 2016		103,798		$	21.39		4.8	$	3,932

Intrinsic Value of Stock Options Exercised and the Fair Value of Stock Options Vested

The intrinsic value of stock options exercised and the fair value of stock options vesting during the three and nine month periods presented below was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	March 27, 2016		March 29, 2015		March 27, 2016		March 29, 2015
Intrinsic Value of Options Exercised	$	—	$	—	$	529	$	990
Fair Value of Stock Options Vesting	$	—	$	—	$	331	$	382

Grant Date Fair Value and Assumptions Used to Determine Compensation Expense

The grant date fair value and assumptions used to determine compensation expense for the options granted during the nine month period ended March 29, 2015 were as follows:

Weighted Average Grant Date Fair Value:
Options Issued at Grant Date Market Value	n/a
Options Issued Above Grant Date Market Value	$	34.93
Assumptions:
Risk Free Interest Rate		1.90	%
Expected Volatility		57.83	%
Expected Dividend Yield		0.62	%
Expected Term (in years)		6.0

Summary of Restricted Stock Activity Under Our Stock Incentive Plan

A summary of restricted stock activity under our omnibus stock incentive plan for the nine months ended March 27, 2016 was as follows:

	Shares			Weighted Average Grant Date Fair Value
Nonvested Balance, June 28, 2015		66,350		$	45.03
Granted		28,750		$	69.02
Vested		(20,300	)	$	23.69
Forfeited		(2,250	)	$	60.85
Nonvested Balance, March 27, 2016		72,550		$	60.02