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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 27, 2019
Jun. 28, 2018
CURRENT ASSETS:    
Cash $ 1,591 $ 1,449
Accounts receivable, less allowance for doubtful accounts of $350 and $270, respectively 60,971 65,426
Inventories 157,024 174,362
Prepaid expenses and other current assets 5,754 6,645
TOTAL CURRENT ASSETS 225,340 247,882
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,285 9,285
Buildings 109,955 108,540
Machinery and equipment 210,962 198,321
Furniture and leasehold improvements 5,128 5,015
Vehicles 673 526
Construction in progress 1,127 2,618
Property, plant and equipment gross 337,130 324,305
Less: Accumulated depreciation 228,778 217,689
Property, plant and equipment net 108,352 106,616
Rental investment property, less accumulated depreciation of $11,212 and $10,431, respectively 17,831 18,462
TOTAL PROPERTY, PLANT AND EQUIPMENT 126,183 125,078
OTHER LONG TERM ASSETS:    
Intangible assets, net 14,626 17,654
Cash surrender value of officers' life insurance and other assets 9,782 10,565
Deferred income taxes 5,723 5,024
Goodwill 9,650 9,650
TOTAL ASSETS 391,304 415,853
CURRENT LIABILITIES:    
Revolving credit facility borrowings 0 31,278
Current maturities of long-term debt, including related party debt of $4,375 and $4,341, respectively and net of unamortized debt issuance costs of $35 and $45, respectively 7,338 7,169
Accounts payable 42,552 60,340
Bank overdraft 901 2,062
Accrued payroll and related benefits 22,101 6,415
Other accrued expenses 11,014 9,929
TOTAL CURRENT LIABILITIES 83,906 117,193
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities, including related party debt of $11,495 and $15,507, respectively and net of unamortized debt issuance costs of $44 and $79, respectively 20,381 27,356
Retirement plan 24,737 21,288
Other 7,725 7,014
TOTAL LONG-TERM LIABILITIES 52,843 55,658
TOTAL LIABILITIES 136,749 172,851
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 122,257 119,952
Retained earnings 137,712 127,320
Accumulated other comprehensive loss (4,325) (3,181)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 254,555 243,002
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 391,304 415,853
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 89 89
TOTAL STOCKHOLDERS' EQUITY $ 89 $ 89