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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2017
Jun. 30, 2016
CURRENT ASSETS:    
Cash $ 1,955 $ 2,220
Accounts receivable, less allowance for doubtful accounts of $263 and $397, respectively 64,830 78,088
Inventories 182,420 156,573
Prepaid expenses and other current assets 4,172 5,292
TOTAL CURRENT ASSETS 253,377 242,173
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,285 9,285
Buildings 107,015 106,505
Machinery and equipment 194,099 188,748
Furniture and leasehold improvements 4,842 4,349
Vehicles 498 453
Construction in progress 1,075 832
Property, plant and equipment gross 316,814 310,172
Less: Accumulated depreciation 210,606 200,416
Property, plant and equipment net 106,208 109,756
Rental investment property, less accumulated depreciation of $9,639 and $8,847, respectively 19,254 20,047
TOTAL PROPERTY, PLANT AND EQUIPMENT 125,462 129,803
OTHER LONG TERM ASSETS:    
Cash surrender value of officers' life insurance and other assets 10,125 9,227
Deferred income taxes 9,095 8,590
Intangible assets, net 0 1,369
TOTAL ASSETS 398,059 391,162
CURRENT LIABILITIES:    
Revolving credit facility borrowings 29,456 12,084
Current maturities of long-term debt, including related party debt of $474 and $407, respectively and net of unamortized debt issuance costs of $55 and $65, respectively 3,418 3,342
Accounts payable, including related party payables of $178 and $113, respectively 50,047 43,719
Bank overdraft 932 811
Accrued payroll and related benefits 15,958 16,045
Other accrued expenses 10,062 7,193
TOTAL CURRENT LIABILITIES 109,873 83,194
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities, including related party debt of $10,584 and $11,133, respectively and net of unamortized debt issuance costs of $124 and $179, respectively 25,211 28,704
Retirement plan 20,994 22,137
Other 6,513 5,934
TOTAL LONG-TERM LIABILITIES 52,718 56,775
TOTAL LIABILITIES 162,591 139,969
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 117,772 115,136
Retained earnings 123,190 143,573
Accumulated other comprehensive loss (4,404) (6,425)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 235,468 251,193
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 398,059 391,162
Class A Common Stock [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock 26 26
TOTAL STOCKHOLDERS' EQUITY 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock 88 87
TOTAL STOCKHOLDERS' EQUITY $ 88 $ 87