Capital Stock and Share-Based Employee Compensation (Tables)

12 Months Ended

Jun. 05, 2012

Capital Stock and Share-Based Employee Compensation [Abstract]

The following table summarizes the activity in options under these stock option plans (Options and Aggregate Intrinsic Value are in thousands):

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Balance at June 2, 2009		4,802		$	23.06
Granted		622			6.58
Exercised		-			-
Forfeited		(1,378	)		25.46

Balance at June 1, 2010		4,046		$	19.70
Granted		927			9.39
Exercised		(249	)		7.64
Forfeited		(1,485	)		29.70

Balance at May 31, 2011		3,239		$	13.10
Granted		253			7.87
Exercised		(61	)		5.82
Forfeited		(715	)		28.24
Balance at June 5, 2012		2,716		$	8.79	3.48	$ 197

Exercisable		2.283		$	8.79	3.09	$ 197

Weighted average assumptions used in estimating fair value of option grant

The weighted average fair value at date of grant for options granted during fiscal 2012, 2011, and 2010 was $4.60, $5.42, and $3.69 per share, respectively. With the exception of options awarded to our CEO, the grant date fair value of stock options is amortized over the respective vesting period of the grants. Our CEO was the only person to receive an award of stock options during fiscal 2012. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2012	2011	2010

Risk-free interest rate	0.80%	1.52%	2.20%
Expected dividend yield	0%	0%	0%
Expected stock price volatility	0.7563	0.7336	0.6945
Expected life (in years)	4.50	4.50	4.50

Summary of restricted stock activity

The following table summarizes the status of our restricted stock activity (in thousands, except per-share data):

				2012					2011			2010
	Shares			Weighted Average Fair Value		Shares			Weighted Average Fair Value			Shares			Weighted Average Fair Value
Performance-Based Vesting:
Non-vested at beginning of year		299		$	7.24		721			$	7.13		1,195		$	7.64
Granted		384			7.87		-				-		348			6.58
Vested		(260	)		7.33		(421	)			7.05		(186	)		7.64
Forfeited		-			-		(1	)			7.82		(636	)		7.64
Non-vested at end of year		423		$	7.75		299			$	7.24		721		$	7.13

Service-Based Vesting:
Non-vested at beginning of year		551		$	8.22		427			$	7.42		208		$	8.97
Granted		495			8.30		235				10.21		299			7.01
Vested		(248	)		7.89		(111	)			9.39		(78	)		9.99
Forfeited		(1	)		9.39		-				-		(2	)		7.63
Non-vested at end of year		797		$	8.37		551			$	8.22		427		$	7.42