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Stock-Based Compensation (Tables)
6 Months Ended
Jan. 01, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Plans
The following table summarizes activity of the Company’s stock option plans since July 3, 2020:
 Options Outstanding
Number of
Shares
Weighted Average
Exercise Price
Weighted Average
Remaining
Contractual Term
(Years)
Outstanding at July 3, 2020$5.52 1.12
Granted— — 
Exercised(1)5.52 
Canceled— — 
Outstanding at January 1, 2021$5.52 0.62
Summary of Nonvested Restricted Stock
The following table summarizes the status of the Company’s non-vested restricted stock awards and deferred stock awards since July 3, 2020:
 Non-vested Restricted Stock Awards
 Number of
Shares
Weighted Average
Grant Date
Fair Value
Outstanding at July 3, 2020957 $61.59 
Granted481 76.94 
Vested(381)52.44 
Forfeited(21)66.74 
Outstanding at January 1, 20211,036 $70.00 
Stock Based Compensation Expenses
The following table presents share-based compensation expenses included in the Company’s Consolidated Statements of Operations and Comprehensive Income:
 Second Quarters EndedSix Months Ended
 January 1, 2021December 27, 2019January 1, 2021December 27, 2019
Cost of revenues$369 $200 $664 $341 
Selling, general and administrative5,619 5,384 11,295 10,027 
Research and development1,282 947 2,495 1,822 
Stock-based compensation expense before tax7,270 6,531 14,454 12,190 
Income taxes(1,890)(1,698)(3,758)(3,169)
Stock-based compensation expense, net of income taxes$5,380 $4,833 $10,696 $9,021