XML 20 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2016
Jun. 25, 2015
Jun. 26, 2014
Statement of Comprehensive Income [Abstract]      
Net sales $ 952,059 $ 887,245 $ 778,622
Cost of sales 814,591 755,189 655,757
Gross profit 137,468 132,056 122,865
Operating expenses:      
Selling expenses 51,114 49,646 48,258
Administrative expenses 35,042 30,531 29,252
Gain on sale of assets held for sale, net 0 0 (1,641)
Total operating expenses 86,156 80,177 75,869
Income from operations 51,312 51,879 46,996
Other expense:      
Interest expense including $1,081, $1,110 and $1,136 to related parties, respectively 3,492 3,966 4,354
Rental and miscellaneous expense, net 1,358 3,049 2,810
Total other expense, net 4,850 7,015 7,164
Income before income taxes 46,462 44,864 39,832
Income tax expense 16,067 15,559 13,545
Net income 30,395 29,305 26,287
Other comprehensive loss, net of tax:      
Amortization of prior service cost and actuarial gain included in net periodic pension cost 624 584 534
Net actuarial loss arising during the period (2,215) (1,915) (873)
Net current-period other comprehensive loss (1,591) (1,331) (339)
Comprehensive income $ 28,804 $ 27,974 $ 25,948
Net income per common share - basic $ 2.71 $ 2.63 $ 2.38
Net income per common share - diluted 2.68 2.61 2.36
Cash dividends declared per share $ 2.00 $ 1.50 $ 1.50
Weighted average shares outstanding - basic 11,233,975 11,150,658 11,033,310
Weighted average shares outstanding - diluted 11,332,924 11,248,259 11,132,347