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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 28, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity Under Our Stock Incentive Plan

A summary of stock option activity under our stock incentive plan for the three months ended September 28, 2014 was as follows:

 

 

Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding, June 29, 2014

 

185,242

 

 

$

24.73

 

 

 

 

 

 

 

 

 

Granted

 

10,000

 

 

$

79.73

 

 

 

 

 

 

 

 

 

Exercised

 

(10,870

)

 

$

25.30

 

 

 

 

 

 

 

 

 

Outstanding, September 28, 2014

 

184,372

 

 

$

27.68

 

 

 

6.5

 

 

$

10,105

 

Exercisable, September 28, 2014

 

102,979

 

 

$

19.50

 

 

 

4.8

 

 

$

6,487

 

 

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

 

 

Three Months Ended

 

 

September 28,
2014

 

 

September 29,
2013

 

Intrinsic Value of Options Exercised

$

500

 

 

$

55

 

Fair Value of Stock Options Vesting

$

382

 

 

$

273

 

 

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:

 

 

Three Months Ended

 

 

September 28,
2014

 

 

September 29,
2013

 

Weighted Average Grant Date Fair Value:

 

 

 

 

 

 

 

Options Issued at Grant Date Market Value

 

n/a

 

 

 

n/a

 

Options Issued Above Grant Date Market Value

$

34.93

 

 

$

17.58

 

Assumptions:

 

 

 

 

 

 

 

Risk Free Interest Rate

 

1.90

%

 

 

2.06

%

Expected Volatility

 

57.83

%

 

 

58.75

%

Expected Dividend Yield

 

0.62

%

 

 

1.11

%

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 three months ended September 28, 2014 was as follows:

 

 

Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested Balance, June 29, 2014

 

63,600

 

 

$

28.64

 

Granted

 

25,000

 

 

$

70.90

 

Vested

 

(17,800

)

 

$

23.01

 

Nonvested Balance, September 28, 2014

 

70,800

 

 

$

44.98