Stock-Based Compensation (Tables)

6 Months Ended

Dec. 29, 2013

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 29, 2013 was as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Outstanding, June 30, 2013		271,455		$	27.19
Granted		40,000		$	38.71
Exercised		(31,185	)	$	18.97
Expired		(15,000	)	$	56.08
Forfeited		(11,457	)	$	30.61
Outstanding, December 29, 2013		253,813		$	28.15		5.9	$	4,690
Exercisable, December 29, 2013		142,270		$	26.74		3.9	$	3,077

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 six month periods presented below was as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 29, 2013		December 30, 2012		December 29, 2013		December 30, 2012
Intrinsic Value of Options Exercised	$	623	$	28		678	$	34
Fair Value of Stock Options Vesting	$	142	$	142		415	$	142

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 below were as follows:

	Six Months Ended
	December 29, 2013			December 30, 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	$	17.58		$	10.48
Assumptions:
Risk Free Interest Rate		2.06	%		0.95	%
Expected Volatility		58.75	%		57.58	%
Expected Dividend Yield		1.11	%		1.69	%
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 29, 2013 was as follows:

	Shares			Weighted Average Grant Date Fair Value
Nonvested Balance, June 30, 2013		61,250		$	22.42
Granted		23,200		$	27.88
Vested		(18,900	)	$	20.32
Forfeited		(3,250	)	$	27.88
Nonvested Balance, December 29, 2013		62,300		$	27.86