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SUPPLEMENTARY QUARTERLY DATA (Unaudited) (Tables)
12 Months Ended
Jun. 27, 2013
Quarterly Financial Information Disclosure [Abstract]  
Unaudited quarterly consolidated financial data

The following unaudited quarterly consolidated financial data are presented for fiscal 2013 and fiscal 2012. 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
 

Year Ended June 27, 2013:

           

Net sales

   $ 177,507       $ 215,619       $ 163,815       $ 177,393   

Gross profit

     30,573         36,676         22,879         29,834   

Income from operations

     13,869         14,426         3,324         10,000   

Net income

     7,534         8,301         342         5,583   

Basic earnings per common share

   $ 0.70       $ 0.77       $ 0.03       $ 0.51   

Diluted earnings per common share

   $ 0.69       $ 0.76       $ 0.03       $ 0.51   
     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   

 

(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.