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Stock Based Compensation (Tables)
12 Months Ended
Jul. 01, 2012
Stock Based Compensation  
Schedule of amounts of stock-based compensation expense recognized

 

 

 
  Years Ended  
 
  July 1,
2012
  July 3,
2011
  June 27,
2010
 
 
  (in thousands, except per share data)
 

Stock options

  $ 1,073   $ 1,181   $ 1,460  

Restricted stock awards

    3,777     2,780     2,423  
               

Total

    4,850     3,961     3,883  

Deferred income tax benefit

    1,796     1,381     1,245  
               

Stock-based compensation expense, net

  $ 3,054   $ 2,580   $ 2,638  
               
Schedule of stock based compensation expense recorded within operating expenses

 

 

 
  Years Ended  
 
  July 1,
2012
  July 3,
2011
  June 27,
2010
 
 
  (in thousands)
 

Marketing and sales

  $ 1,755   $ 1,587   $ 1,590  

Technology and development

    600     791     795  

General and administrative

    2,495     1,583     1,498  
               

Total

  $ 4,850   $ 3,961   $ 3,883  
               
Schedule of assumptions used to estimate the fair value of the stock options

 

 

 
  Years ended  
 
  July 1,
2012
  July 3,
2011
  June 27,
2010
 

Weighted average fair value of options granted

  $ 1.84   $ 1.23   $ 1.71  

Expected volatility

    72 %   68 %   63 %

Expected life (in years)

    7.95     7.5     5.6  

Risk-free interest rate

    0.9 %   1.3 %   2.4 %

Expected dividend yield

    0.0 %   0.0 %   0.0 %
Summarizes stock option activity

 The following table summarizes stock option activity during the year ended July 1, 2012:

 
  Options   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value (000s)
 

Outstanding beginning of period

    6,915,535   $ 6.08            

Granted

    1,027,500   $ 2.63            

Exercised

      $            

Forfeited/Expired

    (1,231,755 ) $ 11.91            
                       

Outstanding end of period

    6,711,280   $ 4.48   4.7 years   $ 3,631  
                       

Options vested or expected to vest at end of period

    6,374,809   $ 4.60   4.5 years   $ 3,220  

Exercisable at July 1, 2012

    4,417,280   $ 5.63   2.7 years   $ 781  
Summarizes information about stock options outstanding and exercisable, by exercise price range

      The following table summarizes information about stock options outstanding at July 1, 2012:

 
  Options Outstanding   Options Exercisable  
Exercise Price
  Options
Outstanding
  Weighted-
Average
Remaining
Contractual Life
  Weighted-
Average
Exercise
Price
  Options
Exercisable
  Weighted-
Average
Exercise
Price
 

$1.69 - 2.63

    2,353,500   8.7 years   $ 2.17     198,400   $ 2.00  

$2.77 - 3.59

    1,381,334   4.4 years   $ 3.11     1,260,934   $ 3.11  

$4.56 - 6.52

    1,637,793   1.4 years   $ 6.39     1,620,793   $ 6.41  

$6.58 - 10.46

    1,323,653   2.1 years   $ 7.58     1,322,153   $ 7.57  

$11.81 - 11.81

    15,000   1.4 years   $ 11.81     15,000   $ 11.81  
                           

 

    6,711,280   4.7 years   $ 4.48     4,417,280   $ 5.63  
                           
Summarizes activity of non-vested restricted stock

    The following table summarizes the activity of non-vested restricted stock during the year ended July 1, 2012:

 
  Shares   Weighted
Average
Grant Date
Fair Value
 

Non-vested—beginning of period

    3,395,261   $ 2.49  

Granted

    2,052,486   $ 2.61  

Vested

    (1,477,894 ) $ 2.96  

Forfeited

    (114,533 ) $ 2.58  
             

Non-vested at July 1, 2012

    3,855,320   $ 2.37