Stock-Based Compensation (Tables)

6 Months Ended

Dec. 30, 2012

Stock-based compensation [Abstract]

Summary of stock option activity under our stock incentive plan

A summary of stock option activity under our stock incentive plan for the six months ended December 30, 2012 was as follows:

						Weighted
						Average		Aggregate
				Weighted		Remaining		Intrinsic
				Average		Contractual		Value
	Shares			Exercise Price		Term (years)		(in thousands)
Outstanding, July 1, 2012		332,800		$	28.19
Granted		40,000		$	25.64
Exercised		(3,500	)	$	12.83
Expired		(2,000	)	$	44.93
Forfeited		(3,000	)	$	17.59
Outstanding, December 30, 2012		364,300		$	28.05		5.4	$	1,690
Exercisable, December 30, 2012		202,200		$	32.74		4.2	$	1,163

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

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

	Three Months Ended				Six Months Ended
	December 30,		January 1,		December 30,		January 1,
	2012		2012		2012		2012
Intrinsic Value of Options Exercised	$	28	$	26	$	34	$	26
Fair Value of Stock Options Vesting	$	142	$	197	$	142	$	197

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:

	Six Months Ended
	December 30, 2012			January 1, 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 six months ended December 30, 2012 was as follows:

				Weighted Average
				Grant Date
	Shares			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, December 30, 2012		61,950		$	22.42