XML 61 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 28, 2012
Jun. 30, 2011
CURRENT ASSETS:    
Cash $ 2,459 $ 1,321
Accounts receivable, less allowances of $2,867 and $2,873, respectively 49,867 39,031
Inventories 146,384 128,938
Deferred income taxes 4,823 4,882
Prepaid expenses and other current assets 3,284 3,079
TOTAL CURRENT ASSETS 206,817 177,251
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,396 9,463
Buildings 102,814 102,052
Machinery and equipment 160,956 157,563
Furniture and leasehold improvements 4,304 3,984
Vehicles 474 505
Construction in progress 1,098 1,188
Property, plant and equipment, gross 279,042 274,755
Less: Accumulated depreciation 161,774 151,405
Property, plant and equipment, net 117,268 123,350
Rental investment property, less accumulated depreciation of $6,256 and $5,358, respectively 29,443 30,342
TOTAL PROPERTY, PLANT AND EQUIPMENT 146,711 153,692
Cash surrender value of officers' life insurance and other assets 7,255 6,928
Intangible assets, net 10,944 13,917
TOTAL ASSETS 371,727 351,788
CURRENT LIABILITIES:    
Revolving credit facility borrowings 45,848 47,985
Current maturities of long-term debt, including related party debt of $297 and $274, respectively 12,724 10,809
Accounts payable, including related party payables of $75 and $35, respectively 33,044 28,260
Book overdraft 1,947 1,639
Accrued payroll and related benefits 14,677 5,308
Accrued workers' compensation 5,100 4,874
Other accrued expenses 6,367 12,222
Income taxes payable 0 817
TOTAL CURRENT LIABILITIES 119,707 111,914
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities, including related party debt of $12,585 and $12,882, respectively 36,206 42,430
Retirement plan 13,335 10,567
Deferred income taxes 460 2,050
Other 1,006 1,120
TOTAL LONG-TERM LIABILITIES 51,007 56,167
TOTAL LIABILITIES 170,714 168,081
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 103,876 102,608
Retained earnings 102,559 85,437
Accumulated other comprehensive loss (4,327) (3,242)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 201,013 183,707
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 371,727 351,788
Common Stock
    
STOCKHOLDERS' EQUITY:    
Common Stock 83 82
TOTAL STOCKHOLDERS' EQUITY 83 82
Class A Common Stock
    
STOCKHOLDERS' EQUITY:    
Common Stock 26 26
TOTAL STOCKHOLDERS' EQUITY $ 26 $ 26