XML 16 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 29, 2016
Jun. 30, 2016
Dec. 24, 2015
CURRENT ASSETS:      
Cash $ 2,031 $ 2,220 $ 3,026
Accounts receivable, less allowances of $6,400, $4,290 and $7,199 66,007 78,088 72,065
Inventories 182,653 156,573 185,279
Prepaid expenses and other current assets 6,841 5,292 6,965
TOTAL CURRENT ASSETS 257,532 242,173 267,335
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 106,566 106,505 106,538
Machinery and equipment 193,859 188,748 185,399
Furniture and leasehold improvements 4,803 4,349 4,363
Vehicles 453 453 431
Construction in progress 1,483 832 2,167
Property, plant and equipment gross 316,449 310,172 308,183
Less: Accumulated depreciation 206,751 200,416 195,565
Property, plant and equipment net 109,698 109,756 112,618
Rental investment property, less accumulated depreciation of $9,244, $8,847 and $8,451 19,650 20,047 20,443
TOTAL PROPERTY, PLANT AND EQUIPMENT 129,348 129,803 133,061
Cash surrender value of officers' life insurance and other assets 10,091 9,227 9,681
Deferred income taxes 8,109 8,590 6,211
Intangible assets, net of accumulated amortization of $23,478, $22,721 and $21,865 611 1,369 2,225
TOTAL ASSETS 405,691 391,162 418,513
CURRENT LIABILITIES:      
Revolving credit facility borrowings 12,427 12,084 13,932
Current maturities of long-term debt, including related party debt of $457, $407 and $391 and net of unamortized debt issuance costs of $60, $65 and $70 3,397 3,342 3,321
Accounts payable, including related party payables of $32, $113 and $84 90,787 43,719 83,322
Bank overdraft 2,652 811 1,344
Accrued payroll and related benefits 10,609 16,045 12,228
Other accrued expenses 7,957 7,193 8,189
Income taxes payable 2,009 0 0
TOTAL CURRENT LIABILITIES 129,838 83,194 122,336
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $10,825, $11,133 and $11,341 and net of unamortized debt issuance costs of $150, $179 and $210 26,925 28,704 30,380
Retirement plan 22,532 22,137 18,226
Other 6,695 5,934 6,456
TOTAL LONG-TERM LIABILITIES 56,152 56,775 55,062
TOTAL LIABILITIES 185,990 139,969 177,398
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 116,676 115,136 113,515
Retained earnings 110,130 143,573 133,218
Accumulated other comprehensive loss (6,015) (6,425) (4,527)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 219,701 251,193 241,115
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 405,691 391,162 418,513
Class A Common Stock [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock 26 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock $ 88 $ 87 $ 87