Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2013

Summary of stock option activity under our stock incentive plan

A summary of stock option activity under our stock incentive plan for the nine months ended March31, 2013 was as follows:

	Shares	Weighted Average ExercisePrice	Weighted Average Remaining Contractual Term(years)	Aggregate Intrinsic Value (in thousands)
Outstanding, July1, 2012	332,800	$28.19
Granted	40,000	$25.64
Exercised	(17,700)	$12.80
Expired	(2,000)	$44.93
Forfeited	(4,000)	$17.59
Outstanding, March31, 2013	349,100	$28.70	5.1	$2,362
Exercisable, March31, 2013	210,600	$31.84	4.0	$1,739

Intrinsic value of stock options exercised and the fair value of stock options vested

The intrinsic value of stock options exercised and the fair value of stock options vesting during the three and nine month periods presented is as follows (in thousands):

	ThreeMonthsEnded		NineMonthsEnded
	March31, 2013	April1, 2012		March31, 2013	April1, 2012
Intrinsic Value of Options Exercised	$243	$—		$277	$25
Fair Value of Stock Options Vesting	$124	$71		$266	$268

Grant date fair value and assumptions used to determine compensation expense

The grant date fair value and assumptions used to determine compensation expense for the options granted during each period presented were as follows:

	Nine Months Ended
	March31, 2013	April1, 2012
Weighted Average Grant Date Fair Value:
Options Issued at Grant Date Market Value	n/a	n/a
Options Issued Above Grant Date Market Value	$10.48	$10.29
Assumptions:
Risk Free Interest Rate	0.95%	1.23%
Expected Volatility	57.58%	59.88%
Expected Dividend Yield	1.69%	1.74%
Expected Term (in years)	6.0	6.0

Summary of restricted stock activity under our stock incentive plan

A summary of restricted stock activity under our omnibus stock incentive plan for the nine months ended March31, 2013 was as follows:

	Shares	WeightedAverage GrantDate Fair Value
Nonvested Balance, July 1, 2012	49,400	$20.45
Granted	24,150	$23.69
Vested	(10,400)	$15.44
Forfeited	(1,200)	$27.53
Nonvested Balance, March 31, 2013	61,950	$22.42