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Stockholders Equity (Tables)
12 Months Ended
Jun. 28, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Repurchase of Common Stock
The following table summarizes the repurchase of our common stock:
(In thousands, except share and per-share amounts)
 
Shares
 
Weighted Average Price Paid per Share
 
Aggregate purchase price
Fiscal 2019
 
156,269

 
$
14.78

 
$
2,309

Fiscal 2018
 
500

 
$
15.54

 
$
8

Schedule of Compensation Expense for Share-based Compensation Awards
Total following table presents the compensation expense for share-based awards included in our consolidated statements of operations for fiscal 2019, 2018 and 2017:
 
Fiscal Year
(In thousands)
2019
 
2018
 
2017
By Expense Category:
 
Cost of product sales and services
$
170

 
$
201

 
$
208

Research and development
150

 
147

 
138

Selling and administrative
1,403

 
2,009

 
1,765

Total share-based compensation expense
$
1,723

 
$
2,357

 
$
2,111

By Types of Award:
 
 
 
 
 
Options
$
389

 
$
139

 
$
260

Restricted stock awards and units
879

 
1,696

 
1,473

Performance share awards and units and market-based stock units
455

 
522

 
378

Total share-based compensation expense
$
1,723

 
$
2,357

 
$
2,111


The following table summarizes the unamortized compensation expense and the remaining years over which such expense would be expected to be recognized, on a weighted-average basis, by type of award:
 
 
June 28, 2019
 
 
Unamortized Expense
 
Weighted Average Remaining Recognition Period
 
 
(In thousands)
 
(Years)
Options
 
$
1,022

 
2.19
Restricted stock awards and units
 
$
258

 
0.31
Performance share awards and units
 
$
373

 
1.27
Schedule of Stock Options Activities
A summary of the combined stock option activity under our equity plans during fiscal 2019 is as follows:
 
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
 
 
 
 
 
(Years)
 
(In thousands)
Options outstanding as of June 29, 2018
336,185

 
$
25.90

 
1.94
 
$
81

Granted
156,466

 
$
17.80

 
 
 
 
Exercised
(1,166
)
 
$
14.88

 
 
 
 
Forfeited
(19
)
 
$
14.88

 
 
 
 
Expired
(122,462
)
 
$
27.84

 
 
 
 
Options outstanding as of June 28, 2019
369,004

 
$
21.85

 
3.37
 
$

Options vested and expected to vest as of June 28, 2019
369,004

 
$
21.85

 
3.37
 
$

Options exercisable as of June 28, 2019
212,538

 
$
24.84

 
1.30
 
$

Stock Options Outstanding and Exercisable
The following summarizes all of our stock options outstanding and exercisable as of June 28, 2019:
 
 
 
Options Outstanding
 
Options Exercisable
Actual Range of Exercise Prices
Number
Outstanding
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise Price
 
Number
Exercisable
 
Weighted
Average
Exercise Price
 
 
 
 
 
(Years)
 
 
 
 
 
 
$14.88
$15.60
69,868

 
2.22
 
$
15.40

 
69,868

 
$
15.40

$17.80
$17.80
156,466

 
6.19
 
$
17.80

 

 
$

$23.52
$30.72
77,386

 
0.75
 
$
27.66

 
77,386

 
$
27.66

$31.20
$31.20
63,099

 
0.97
 
$
31.20

 
63,099

 
$
31.20

$39.84
$39.84
291

 
0.53
 
$
39.84

 
291

 
$
39.84

$43.44
$43.44
1,894

 
0.58
 
$
43.44

 
1,894

 
$
43.44

$14.88
$43.44
369,004

 
3.37
 
$
21.85

 
212,538

 
$
24.84

Additional Information of Stock Options
Additional information related to our stock options is summarized below:
 
Fiscal Year
(In thousands)
2019
 
2018
 
2017
Intrinsic value of options exercised
$
2

 
$
1

 
$
3

Fair value of options vested
$
23

 
$
140

 
$
654

Status of Restricted Stock
A summary of the status of our restricted stock as of June 28, 2019 and changes during fiscal 2019 is as follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Restricted stock outstanding as of June 29, 2018
363,177

 
$
10.96

Granted
15,584

 
$
14.71

Vested and released
(177,186
)
 
$
12.49

Forfeited
(30,008
)
 
$
9.86

Restricted stock outstanding as of June 28, 2019
171,567

 
$
9.90

Schedule of Market Condition Award Valuation Assumptions
A summary of the significant weighted average assumptions we used is as follows:
 
Fiscal Year
 
2019
 
2018
 
2017
Expected Dividends
%
 
N/A
 
%
Expected volatility
59.0
%
 
N/A
 
58.1
%
Risk-free interest rate
2.80
%
 
N/A
 
1.20
%
Weighted average grant date fair value per share granted
$
8.93

 
N/A
 
$
6.83

Status of Performance-based Shares
A summary of the status of our market-based stock units as of June 28, 2019 and changes during fiscal 2019 is as follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Market-based stock units outstanding as of June 29, 2018
96,089

 
$
3.55

Forfeited
(96,089
)
 
$
3.55

Market-based stock units outstanding as of June 28, 2019

 


A summary of the status of our performance shares awards and units as of June 28, 2019 and changes during fiscal 2019 is as follows:
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Performance share awards and units outstanding as of June 29, 2018
72,941

 
$
9.18

Granted
78,236

 
$
17.80

Released
(26,580
)
 
$
9.18

Performance share awards and units outstanding as of June 28, 2019
124,597

 
$
14.59