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Stock-Based Compensation (Tables)
12 Months Ended
Jun. 25, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Number of Securities Remaining Available for Future Issuance

The following table provides information as of June 25, 2017 with respect to the number of securities remaining available for future issuance under the 2013 Plan:

 

Authorized under the 2013 Plan

 

 

1,000

 

Plus: Awards expired, forfeited or otherwise terminated unexercised from the 2008 LTIP or

   the 2013 Plan

 

 

343

 

Less: Awards granted to employees

 

 

(561

)

Less: Awards granted to non-employee directors

 

 

(101

)

Available for issuance under the 2013 Plan

 

 

681

 

 

Stock Option Valuation Assumptions

For stock options granted, the valuation models used the following assumptions:

 

 

 

For the Fiscal Year Ended

 

 

 

June 25, 2017

 

 

June 26, 2016

 

 

June 28, 2015

 

Expected term (years)

 

 

5.0

 

 

 

7.6

 

 

 

7.3

 

Risk-free interest rate

 

 

1.4

%

 

 

2.1

%

 

 

2.2

%

Volatility

 

 

37.9

%

 

 

60.5

%

 

 

62.6

%

Dividend yield

 

 

 

 

 

 

 

 

 

 

Summary of Stock Option Activity

A summary of stock option activity for fiscal 2017 is as follows:

 

 

 

Stock Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual Life

(Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at June 26, 2016

 

 

720

 

 

$

14.32

 

 

 

 

 

 

 

 

 

Granted

 

 

153

 

 

$

28.82

 

 

 

 

 

 

 

 

 

Exercised

 

 

(356

)

 

$

11.29

 

 

 

 

 

 

 

 

 

Cancelled or forfeited

 

 

(39

)

 

$

30.20

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

 

 

 

 

 

Outstanding at June 25, 2017

 

 

478

 

 

$

19.93

 

 

 

5.9

 

 

$

4,464

 

Vested and expected to vest as of June 25, 2017

 

 

476

 

 

$

19.89

 

 

 

5.9

 

 

$

4,463

 

Exercisable at June 25, 2017

 

 

287

 

 

$

13.77

 

 

 

3.9

 

 

$

4,397

 

 

Summary of RSU Activity

A summary of the RSU activity for fiscal 2017 is as follows:

 

 

 

Non-vested

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Vested

 

 

Total

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at June 26, 2016

 

 

21

 

 

$

27.20

 

 

 

162

 

 

 

183

 

 

$

18.70

 

Granted

 

 

181

 

 

$

27.90

 

 

 

 

 

 

181

 

 

$

27.90

 

Vested

 

 

(39

)

 

$

28.63

 

 

 

39

 

 

 

 

 

$

 

Converted

 

 

 

 

$

 

 

 

(70

)

 

 

(70

)

 

$

15.47

 

Cancelled or forfeited

 

 

(13

)

 

$

27.46

 

 

 

 

 

 

(13

)

 

$

27.46

 

Outstanding at June 25, 2017

 

 

150

 

 

$

27.66

 

 

 

131

 

 

 

281

 

 

$

25.02

 

 

Stock Based Compensation Total Cost Charged Against Income

The total cost charged against income related to all stock-based compensation arrangements was as follows:

 

 

 

For the Fiscal Year Ended

 

 

 

June 25, 2017

 

 

June 26, 2016

 

 

June 28, 2015

 

Stock options

 

$

749

 

 

$

1,379

 

 

$

1,955

 

RSUs

 

 

1,432

 

 

 

961

 

 

 

676

 

Total compensation cost

 

$

2,181

 

 

$

2,340

 

 

$

2,631