SHARE-BASED EMPLOYEE COMPENSATION (Tables)

6 Months Ended

12 Months Ended

Dec. 04, 2012

Jun. 05, 2012

Capital Stock and Share-Based Employee Compensation [Abstract]

Summary of stock option activity

The following tables summarize the activity in options for the 26 weeks ended December 4, 2012 under these stock option plans (in thousands, except per-share data):

				Weighted-
				Average
Service-based vesting:	Options			Exercise Price
Balance at June 5, 2012		2,716		$	8.79
Granted		503			7.81
Exercised		(28	)		6.24
Forfeited		(70	)		8.99
Balance at December 4, 2012		3,121		$	8.65
Exercisable at December 4, 2012		2,497		$	8.79

			Weighted-
			Average
Performance-based vesting:	Options		Exercise Price
Balance at June 5, 2012		–	$	–
Granted		250		7.81
Balance at December 4, 2012		250	$	7.81
Exercisable at December 4, 2012		–	$	–

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

Summary of restricted stock activity

The following tables summarize our restricted stock activity for the 26 weeks ended December 4, 2012 (in thousands, except per-share data):

				Weighted-Average
	Restricted			Grant-Date
Service-based vesting:	Stock			Fair Value
Non-vested at June 5, 2012		797		$	8.37
Granted		773			7.42
Vested		(291	)		7.50
Forfeited		–			–
Non-vested at December 4, 2012		1,279		$	7.99

				Weighted-Average
	Restricted			Grant-Date
Performance-based vesting:	Stock			Fair Value
Non-vested at June 5, 2012		423		$	7.75
Granted		344			6.99
Vested		(85	)		7.29
Forfeited		(314	)		7.87
Non-vested at December 4, 2012		368		$	7.04

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