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Shareholders' Equity/Capital Stock (Tables)
 12 Months Ended
Jun. 02, 2015
Shareholders' Equity/Capital Stock [Abstract]  
Schedule of Stock Options Activity

The changes in outstanding and exercisable options involving both the 1993 Plan and the 2003 Plan are shown below as of June 2, 2015:

 

 

No. of Shares

 

Weighted Avg. Price Per Share

 

Weighted Avg. Remaining Contractual Term

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

(in thousands)

Outstanding at beginning of year

 
56,501 

 

$
18.73 

 

 

 

 

 

Granted

 

—

 

 

 

 

 

 

 

 

Exercised

 
(10,917)

 

$
17.51 

 

 

 

 

 

Forfeited or expired

 
(7,084)

 

$
29.84 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of year

 
38,500 

 

$
17.03 

 
2.44 

years

$
646 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of year

 
38,500 

 

$
17.03 

 
2.44 

years

$
646 

 

Schedule of Stock Options Exercise Price Range

 

 

 

 

 

 

 

 

2003 Stock Option Plan - Range of Exercise Prices Per Share

 

No. of Shares

 

Weighted Avg. Price per Share

 

Weighted Avg. Remaining Life In Years

 

 

 

 

 

 

 

 

Outstanding and Exercisable

 

 

 

 

 

 

 

$10.05 to $15.90 

 
14,000 

 

$
13.64 

 

1.54 Years

$15.91 to $24.20 

 
24,500 

 

$
18.97 

 

2.96 Years

$10.05 to $24.20

 
38,500 

 

$
17.03 

 

2.44 Years

 

Schedule of Restricted Stock Activity

The changes in restricted stock issued under the 2012 Plan are shown below as of June 2, 2015:

 

 

 

 

 

 

 

 

 

No. of      Shares

 

Weighted Avg. Price Per Share

Non-vested at beginning of year

 
13,696 

 

$
23.36 

Granted

 
12,312 

 

$
25.99 

Vested

 
(13,696)

 

$
23.36 

Forfeited

 

—

 

 

—

Non-vested at end of year

 
12,312 

 

$
25.99 

 

Schedule of Weighted Average Number of Shares

 

 

 

 

 

 

 

 

 

Used to Calculate Basic EPS

 

 

 

Used to Calculate Diluted EPS

 

 

Weighted Average Shares Outstanding

 

Stock Equivalents

 

Weighted Average Shares Outstanding

 

 

 

 

 

 

 

Fiscal Year 2015

 
5,123,116 

 
14,788 

 
5,137,904 

Fiscal Year 2014

 
5,087,317 

 
13,820 

 
5,101,137 

Fiscal Year 2013

 
5,030,964 

 
13,926 

 
5,044,890 

 

Schedule of Share-Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

Stock options granted

 

$

—

 

$

—

 

$
54 

Restricted stock issued October 2014 ($320) - Board (7) & CEO

 

 
197 

 

 

—

 

 

—

Restricted stock issued October 2013 ($320) - Board (7) & CEO

 

 
123 

 

 
197 

 

 

—

Restricted stock issued October 2012 ($320) - Board (7) & CEO

 

 

—

 

 
123 

 

 
197 

Restricted stock issued October 2011 ($320) - Board (7) & CEO

 

 

—

 

 

—

 

 
123 

Unrestricted stock issued June 2012 - Executive Officers, excl. CEO

 

 

—

 

 

—

 

 
127 

Unrestricted stock accrued

 

 
225 

(a)

 
221 

 

 
244 

Share-based compensation cost, pretax

 

 
545 

 

 
541 

 

 
745 

 

 

 

 

 

 

 

 

 

 

Tax benefit

 

 
(186)

 

 
(184)

 

 
(254)

 

 

 

 

 

 

 

 

 

 

Total share-based compensation cost, net of tax

 

$
359 

 

$
357 

 

$
491 

 

 

 

 

 

 

 

 

 

 

Effect on basic earnings per share

 

$
0.07 

 

$
0.07 

 

$
0.10 

Effect on diluted earnings per share

 

$
0.07 

 

$
0.07 

 

$
0.10