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Note 15 - Shareholders' Equity
6 Months Ended
Dec. 29, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

15. Shareholders’ Equity


On January 22, 2013, the Board approved a stock repurchase program to acquire up to $50,000 of the Company’s common stock. Under the repurchase program, the Company is authorized to repurchase shares at prevailing market prices, through open market purchases or privately negotiated transactions at such times, manner and prices as determined by management, subject to market conditions, applicable legal requirements, contractual obligations and other factors. Repurchases are expected to be financed through cash generated from operations and borrowings under the Company’s ABL Revolver, and are subject to applicable limitations and restrictions as set forth in the ABL Facility. The repurchase program has no stated expiration or termination date, and there is no time limit or specific time frame otherwise for repurchases. The Company may discontinue repurchases at any time that management determines additional purchases are not beneficial or advisable. As of December 29, 2013, the Company had spent $37,982, excluding brokerage fees, to repurchase shares under this program.


The following table summarizes the Company’s repurchases and retirements of its common stock since the inception of its stock repurchase program.


   

Total Number of Shares

Repurchased as Part of

Publicly Announced Plans

or Programs

   

Average Price Paid

per Share

   

Maximum Approximate

Dollar Value that May

Yet Be Repurchased

Under the Plans or

Programs

 

Fiscal year 2013

    1,068        $ 18.08        

Fiscal year 2014

    771     $ 24.22        

Total

    1,839        $ 20.66     $ 12,018  

All repurchased shares have been retired and have the status of authorized and unissued shares. The cost of the repurchased shares above par value has been allocated between capital in excess of par value and retained earnings.


No dividends were paid during the last two fiscal years.