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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2017
Jun. 30, 2016
Mar. 24, 2016
CURRENT ASSETS:      
Cash $ 1,848 $ 2,220 $ 2,923
Accounts receivable, less allowances of $6,035, $4,290 and $5,699 59,402 78,088 71,500
Inventories 201,398 156,573 207,319
Prepaid expenses and other current assets 4,625 5,292 11,310
TOTAL CURRENT ASSETS 267,273 242,173 293,052
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 106,566 106,505 106,488
Machinery and equipment 195,293 188,748 187,482
Furniture and leasehold improvements 4,807 4,349 4,355
Vehicles 453 453 431
Construction in progress 1,241 832 2,221
Property, plant and equipment gross 317,645 310,172 310,262
Less: Accumulated depreciation 209,864 200,416 198,747
Property, plant and equipment net 107,781 109,756 111,515
Rental investment property, less accumulated depreciation of $9,441, $8,847 and $8,649 19,453 20,047 20,245
TOTAL PROPERTY, PLANT AND EQUIPMENT 127,234 129,803 131,760
Cash surrender value of officers' life insurance and other assets 9,683 9,227 9,448
Deferred income taxes 7,894 8,590 6,161
Intangible assets, net of accumulated amortization of $23,857, $22,721 and $22,292 233 1,369 1,798
TOTAL ASSETS 412,317 391,162 442,219
CURRENT LIABILITIES:      
Revolving credit facility borrowings 61,337 12,084 55,133
Current maturities of long-term debt, including related party debt of $465, $407 and $399 and net of unamortized debt issuance costs of $58, $65 and $68 3,408 3,342 3,331
Accounts payable, including related party payables of $186, $113 and $194 40,173 43,719 59,299
Bank overdraft 2,979 811 3,561
Accrued payroll and related benefits 13,387 16,045 13,423
Other accrued expenses 8,270 7,193 8,301
Income taxes payable 640 0 0
TOTAL CURRENT LIABILITIES 130,194 83,194 143,048
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $10,706, $11,133 and $11,238 and net of unamortized debt issuance costs of $136, $179 and $194 26,069 28,704 29,544
Retirement plan 22,729 22,137 18,395
Other 6,527 5,934 6,013
TOTAL LONG-TERM LIABILITIES 55,325 56,775 53,952
TOTAL LIABILITIES 185,519 139,969 197,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 117,232 115,136 114,388
Retained earnings 116,466 143,573 136,296
Accumulated other comprehensive loss (5,810) (6,425) (4,374)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 226,798 251,193 245,219
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 412,317 391,162 442,219
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