NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 24, 2015

Disclosure Nature Of Operations And Summary Of Significant Accounting Policies Narrative [Abstract]

Fair Value Assumptions Using The Black-Scholes Option-Pricing Model

The fair value of stock options is estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2015		2014		2013
Expected volatility	31.0	%	47.7	%	53.4	%
Risk-free interest rate	1.6	%	1.6	%	0.7	%
Expected lives	5 years		5 years		5 years
Dividend yield	2.2	%	2.2	%	2.4	%

Expected volatility and the expected life of stock options are based on historical experience. The risk-free rate is based on the yield of a Treasury Note with a term equal to the expected life of the stock options. The dividend yield is based on the most recent quarterly dividend per share declared and the closing stock price on the declaration date.

Schedule of Weighted Average Number of Shares

Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):

	2015	2014	2013
Basic weighted average shares outstanding	63,072	66,251	71,788
Dilutive stock options	569	853	955
Dilutive restricted shares	763	1,048	1,415
	1,332	1,901	2,370
Diluted weighted average shares outstanding	64,404	68,152	74,158