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Supplementary Quarterly Data (Unaudited) | 12 Months Ended
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Jun. 28, 2012
Supplementary Quarterly Data [Abstract] |
SUPPLEMENTARY QUARTERLY DATA | NOTE 17 — SUPPLEMENTARY QUARTERLY DATA NOTE 17 — SUPPLEMENTARY QUARTERLY DATA (Unaudited) The following unaudited quarterly consolidated financial data are presented for fiscal 2012 and fiscal 2011. Quarterly financial results necessarily rely on estimates and caution is required in drawing specific conclusions from quarterly consolidated results.
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter (1) |
Year Ended June 28, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 156,800 |  |  | $ | 223,309 |  |  | $ | 153,760 |  |  | $ | 166,706 |
Gross profit |  |  | 21,766 |  |  |  | 35,441 |  |  |  | 22,094 |  |  |  | 27,753 |
Income from operations |  |  | 5,491 |  |  |  | 15,782 |  |  |  | 4,033 |  |  |  | 7,667 |
Net income |  |  | 2,442 |  |  |  | 9,354 |  |  |  | 1,440 |  |  |  | 3,886 |
Basic earnings per common share |  | $ | 0.23 |  |  | $ | 0.87 |  |  | $ | 0.13 |  |  | $ | 0.36 |
Diluted earnings per common share |  | $ | 0.23 |  |  | $ | 0.87 |  |  | $ | 0.13 |  |  | $ | 0.36 |
|  | First Quarter |  |  | Second Quarter (2) |  |  | Third Quarter (3) |  |  | Fourth Quarter (4) |
Year Ended June 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 146,788 |  |  | $ | 223,600 |  |  | $ | 137,442 |  |  | $ | 166,382 |
Gross profit |  |  | 20,541 |  |  |  | 27,236 |  |  |  | 9,986 |  |  |  | 26,428 |
Income (loss) from operations |  |  | 3,484 |  |  |  | 9,889 |  |  |  | (7,601 | ) |  |  | 4,484 |
Net income (loss) |  |  | 1,079 |  |  |  | 5,172 |  |  |  | (5,625 | ) |  |  | 2,209 |
Basic earnings (loss) per common share |  | $ | 0.10 |  |  | $ | 0.48 |  |  | $ | (0.53 | ) |  | $ | 0.21 |
Diluted earnings (loss) per common share |  | $ | 0.10 |  |  | $ | 0.48 |  |  | $ | (0.53 | ) |  | $ | 0.21 |
(1) | The fourth quarter of fiscal 2012 contained a $900 increase in cost of sales due to a change in the estimate of on-hand quantities of bulk-stored inshell pecan and walnut inventories.
(2) | The second quarter of fiscal 2011 contained a $1,100 reduction in administrative expenses related to a recall settlement benefit, offset by an $800 increase in the anticipated liability for additional consideration to be paid as part of the OVH acquisition and a $900 increase in the estimated liability for a lawsuit settlement.
(3) | The third quarter of fiscal 2011 contained a $1,500 increase in the estimated liability for a lawsuit settlement.
(4) | The fourth quarter of fiscal 2011 contained a $5,700 goodwill impairment for the entire goodwill amount related to the OVH acquisition, partially offset by a $700 decrease in the estimated liability for a lawsuit settlement.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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