XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 28, 2017
Jun. 29, 2017
Sep. 29, 2016
CURRENT ASSETS:      
Cash $ 869 $ 1,955 $ 1,362
Accounts receivable, less allowance for doubtful accounts of $273, $263 and $418 71,576 64,830 75,741
Inventories 165,898 182,420 147,196
Prepaid expenses and other current assets 4,543 4,172 3,819
TOTAL CURRENT ASSETS 242,886 253,377 228,118
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 107,278 107,015 106,566
Machinery and equipment 194,449 194,099 190,383
Furniture and leasehold improvements 4,928 4,842 4,733
Vehicles 535 498 453
Construction in progress 5,287 1,075 3,245
Property, plant and equipment gross 321,762 316,814 314,665
Less: Accumulated depreciation 213,252 210,606 203,782
Property, plant and equipment net 108,510 106,208 110,883
Rental investment property, less accumulated depreciation of $9,837, $9,639 and $9,045 19,056 19,254 19,848
TOTAL PROPERTY, PLANT AND EQUIPMENT 127,566 125,462 130,731
Cash surrender value of officers' life insurance and other assets 9,541 10,125 10,001
Deferred income taxes 9,668 9,095 9,055
Intangible assets, net of accumulated amortization of $18,690, $18,690 and $17,700     990
TOTAL ASSETS 389,661 398,059 378,895
CURRENT LIABILITIES:      
Revolving credit facility borrowings 36,454 29,456 1,255
Current maturities of long-term debt, including related party debt of $482, $474 and $449 and net of unamortized debt issuance costs of $53, $55 and $63 3,429 3,418 3,387
Accounts payable, including related party payables of $0, $178 and $233 54,544 50,047 60,432
Bank overdraft 1,484 932 1,896
Accrued payroll and related benefits 8,065 15,958 9,287
Other accrued expenses 15,009 10,062 12,097
TOTAL CURRENT LIABILITIES 118,985 109,873 88,354
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $10,461, $10,584 and $10,943 and net of unamortized debt issuance costs of $111, $124 and $164 24,350 25,211 27,779
Retirement plan 21,195 20,994 22,334
Other 6,876 6,513 6,393
TOTAL LONG-TERM LIABILITIES 52,421 52,718 56,506
TOTAL LIABILITIES 171,406 162,591 144,860
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 118,326 117,772 115,787
Retained earnings 105,252 123,190 125,559
Accumulated other comprehensive loss (4,233) (4,404) (6,220)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 218,255 235,468 234,035
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 389,661 398,059 378,895
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 $ 88 $ 87