XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 29, 2012
Jun. 30, 2011
Mar. 24, 2011
CURRENT ASSETS:      
Cash $ 2,675 $ 1,321 $ 798
Accounts receivable, less allowances of $3,571, $2,873 and $4,085 41,048 39,031 39,925
Inventories 176,868 128,938 158,048
Income taxes receivable 0 0 1,494
Deferred income taxes 4,882 4,882 4,572
Prepaid expenses and other current assets 4,157 3,079 3,464
TOTAL CURRENT ASSETS 229,630 177,251 208,301
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,396 9,463 9,463
Buildings 102,803 102,052 101,888
Machinery and equipment 159,128 157,563 157,817
Furniture and leasehold improvements 4,237 3,984 4,076
Vehicles 474 505 505
Construction in progress 1,538 1,188 647
Property, plant and equipment, Gross 277,576 274,755 274,396
Less: Accumulated depreciation 158,535 151,405 148,831
Property, plant and equipment, net before adjustment of rental investment property 119,041 123,350 125,565
Rental investment property, less accumulated depreciation of $6,032, $5,358 and $5,133 29,668 30,342 30,567
TOTAL PROPERTY, PLANT AND EQUIPMENT 148,709 153,692 156,132
Cash surrender value of officers' life insurance and other assets 6,853 6,928 7,168
Goodwill 0 0 5,662
Intangible assets, net 11,687 13,917 14,432
TOTAL ASSETS 396,879 351,788 391,695
CURRENT LIABILITIES:      
Revolving credit facility borrowings 68,856 47,985 72,850
Current maturities of long-term debt, including related party debt of $291, $274 and $269 10,185 10,809 14,835
Accounts payable, including related party payables of $269, $35 and $24 39,606 28,260 35,307
Book overdraft 4,734 1,639 7,771
Accrued payroll and related benefits 10,514 5,308 6,419
Accrued workers' compensation 5,000 4,874 4,993
Other accrued expenses 6,046 12,222 12,313
Income taxes payable 110 817 0
TOTAL CURRENT LIABILITIES 145,051 111,914 154,488
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $12,662, $12,882 and $12,953 40,182 42,430 40,141
Retirement plan 10,710 10,567 10,055
Deferred income taxes 1,839 2,050 4,370
Other 1,035 1,120 1,149
TOTAL LONG-TERM LIABILITIES 53,766 56,167 55,715
COMMITMENTS AND CONTINGENCIES         
STOCKHOLDERS' EQUITY:      
Common stock 82 82 82
Capital in excess of par value 103,368 102,608 102,398
Retained earnings 98,673 85,437 83,228
Accumulated other comprehensive loss (2,883) (3,242) (3,038)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 198,062 183,707 181,492
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 396,879 351,788 391,695
Common Class A [Member]
      
STOCKHOLDERS' EQUITY:      
Common stock $ 26 $ 26 $ 26