|
Stock-based Compensation (Tables)
|
12 Months Ended |
|
Jun. 29, 2013
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Shares authorized by exercise price range |
The following table summarizes information about the unvested restricted stock units and performance units as of June 29, 2013.
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Restricted Stock Units/Performance Units |
Number of Units |
Average Market Price on Date of Grant |
Vesting Date |
Fiscal year 2012 Restricted Stock Units |
76,350 |
|
$ |
17.60 |
|
August 2013 |
Fiscal year 2012 Performance Units |
39,520 |
|
$ |
14.25 |
|
August 2013 |
Fiscal year 2012 Performance Units |
52,000 |
|
$ |
14.25 |
|
August 2014 |
Fiscal year 2012 Performance Units |
52,000 |
|
$ |
14.25 |
|
August 2015 |
Fiscal year 2013 Restricted Stock Units |
5,000 |
|
$ |
13.66 |
|
August 2013 |
|
224,870 |
|
|
|
|
| Schedule of nonvested restricted stock units activity |
The following table summarizes the restricted stock units and performance units award activity during fiscal years 2013, 2012 and 2011:
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Fiscal Year 2013 |
|
Fiscal Year 2012 |
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Fiscal Year 2011 |
|
Number of Units |
Weighted average grant date fair value |
|
Number of Units |
Weighted average grant date fair value |
|
Number of Units |
Weighted average grant date fair value |
Units outstanding, beginning of fiscal year |
337,700 |
|
$ |
16.05 |
|
|
— |
|
— |
|
|
— |
|
— |
|
Units granted |
10,000 |
|
$ |
13.66 |
|
|
390,900 |
|
$ |
16.04 |
|
|
— |
|
— |
|
Units forfeited |
(122,830 |
) |
$ |
17.10 |
|
|
(53,200 |
) |
$ |
(16.00 |
) |
|
— |
|
— |
|
Units outstanding, end of fiscal year |
224,870 |
|
$ |
15.37 |
|
|
337,700 |
|
$ |
16.05 |
|
|
— |
|
— |
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|
|
2010 Stock Plan [Member]
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|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Summary of stock option activity |
A summary of the stock option activity during fiscal years 2013, 2012 and 2011 is presented below:
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Fiscal Year 2013 |
|
Fiscal Year 2012 |
|
Fiscal Year 2011 |
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Shares |
Weighted Average Exercise Price |
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Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
Stock options outstanding, beginning of fiscal year |
50,000 |
|
$ |
13.47 |
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|
50,000 |
|
$ |
13.47 |
|
|
— |
|
— |
|
Stock options granted |
— |
|
— |
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|
— |
|
— |
|
|
50,000 |
|
$ |
13.47 |
|
Stock options exercised |
— |
|
— |
|
|
— |
|
— |
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|
— |
|
— |
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Stock options forfeited |
— |
|
— |
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|
— |
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— |
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|
— |
|
— |
|
Stock options outstanding, end of fiscal year |
50,000 |
|
$ |
13.47 |
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|
50,000 |
|
$ |
13.47 |
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|
50,000 |
|
$ |
13.47 |
|
Stock options outstanding and exercisable, end of fiscal year |
50,000 |
|
$ |
13.47 |
|
|
50,000 |
|
$ |
13.47 |
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|
25,000 |
|
$ |
13.47 |
|
|
| Stock Options, valuation assumptions and weighted average grant date fair value |
The following table summarizes the weighted average grant date fair values and assumptions that were used to estimate the grant date fair values using the Black-Scholes option-pricing model of the options granted during fiscal year 2011:
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2011 |
Risk-free interest rate |
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2 |
% |
Expected life |
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|
4.0 yrs |
|
Expected volatility |
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|
63 |
% |
Expected dividend yield |
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|
|
— |
% |
Weighted-average per share fair value of options granted |
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|
$ |
6.25 |
|
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| Shares authorized by exercise price range |
The aggregate intrinsic value for options outstanding and exercisable as of June 29, 2013 was approximately $1.2 million. The following table summarizes information about our stock options outstanding, all of which are exercisable as of June 29, 2013:
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Date of Option Grant |
Number of Options Outstanding and Exercisable |
Exercise Price |
Grant-Date Fair Value |
Expiration Date |
February 2, 2011 |
25,000 |
|
$ |
13.86 |
|
$ |
6.15 |
|
February 18, 2018 |
February 2, 2011 |
25,000 |
|
$ |
13.07 |
|
$ |
6.35 |
|
February 18, 2018 |
|
50,000 |
|
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Option Plan [Member]
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|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary of stock option activity |
A summary of our stock option activity during fiscal years 2013, 2012 and 2011 is presented below:
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Fiscal Year 2013 |
|
Fiscal Year 2012 |
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Fiscal Year 2011 |
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Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
|
Shares |
Weighted Average Exercise Price |
Stock options outstanding, beginning of fiscal year |
799,834 |
|
$ |
12.22 |
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|
851,167 |
|
$ |
12.16 |
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|
1,024,500 |
|
11.89 |
|
Stock options exercised |
(139,334 |
) |
11.14 |
|
|
(25,333 |
) |
8.11 |
|
|
(118,667 |
) |
11.64 |
|
Stock options forfeited |
(60,000 |
) |
15.91 |
|
|
(26,000 |
) |
14.48 |
|
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(54,666 |
) |
8.16 |
|
Stock options outstanding, end of fiscal year |
600,500 |
|
$ |
12.09 |
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|
799,834 |
|
$ |
12.22 |
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|
851,167 |
|
$ |
12.16 |
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Stock options outstanding and exercisable, end of fiscal year |
600,500 |
|
$ |
12.09 |
|
|
799,834 |
|
$ |
12.22 |
|
|
777,168 |
|
$ |
12.55 |
|
|
| Shares authorized by exercise price range |
The following table summarizes information about our stock options outstanding, all of which are exercisable as of June 29, 2013:
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Date of Option Grant |
Number of Options Outstanding and Exercisable |
Exercise Price |
Grant-Date Fair Value |
Expiration Date |
June 28, 2004 |
82,500 |
|
$ |
11.28 |
|
$ |
4.23 |
|
June 28, 2014 |
July 4, 2005 |
358,000 |
|
$ |
13.35 |
|
$ |
5.18 |
|
July 4, 2015 |
July 27, 2006 |
30,000 |
|
$ |
17.24 |
|
$ |
6.20 |
|
July 27, 2016 |
February 8, 2008 |
120,000 |
|
$ |
8.30 |
|
$ |
2.95 |
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February 8, 2018 |
March 16, 2009 |
10,000 |
|
$ |
4.01 |
|
$ |
2.00 |
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February 18, 2018 |
|
600,500 |
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