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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2019
Jun. 28, 2018
Mar. 29, 2018
CURRENT ASSETS:      
Cash $ 1,090 $ 1,449 $ 1,013
Accounts receivable, less allowance for doubtful accounts of $324, $270 and $286 57,768 65,426 65,129
Inventories 178,909 174,362 184,770
Prepaid expenses and other current assets 6,168 6,645 7,560
TOTAL CURRENT ASSETS 243,935 247,882 258,472
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 109,328 108,540 108,148
Machinery and equipment 207,769 198,321 198,990
Furniture and leasehold improvements 5,058 5,015 4,970
Vehicles 643 526 535
Construction in progress 3,488 2,618 1,757
Property, plant and equipment gross 335,571 324,305 323,685
Less: Accumulated depreciation 225,626 217,689 217,135
Property, plant and equipment net 109,945 106,616 106,550
Rental investment property, less accumulated depreciation of $11,022, $10,431 and $10,233 17,956 18,462 18,660
TOTAL PROPERTY, PLANT AND EQUIPMENT 127,901 125,078 125,210
Cash surrender value of officers' life insurance and other assets 8,412 10,565 8,846
Deferred income taxes 4,553 5,024 5,579
Goodwill 9,650 9,650 9,650
Intangible assets, net 15,298 17,654 18,499
TOTAL ASSETS 409,749 415,853 426,256
CURRENT LIABILITIES:      
Revolving credit facility borrowings 35,099 31,278 56,579
Current maturities of long-term debt, including related party debt of $4,369, $4,341 and $4,332 and net of unamortized debt issuance costs of $37, $45 and $47 7,297 7,169 7,128
Accounts payable 45,158 60,340 48,075
Bank overdraft 1,722 2,062 3,520
Accrued payroll and related benefits 14,744 6,415 7,530
Other accrued expenses 10,348 9,929 9,552
TOTAL CURRENT LIABILITIES 114,368 117,193 132,384
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $12,227, $15,507 and $16,596 and net of unamortized debt issuance costs of $52, $79 and $89 21,867 27,356 29,164
Retirement plan 21,926 21,288 21,597
Other 7,170 7,014 7,025
TOTAL LONG-TERM LIABILITIES 50,963 55,658 57,786
TOTAL LIABILITIES 165,331 172,851 190,170
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 121,650 119,952 119,336
Retained earnings 126,447 127,320 121,692
Accumulated other comprehensive loss (2,590) (3,181) (3,853)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 244,418 243,002 236,086
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 409,749 415,853 426,256
Class A Common Stock [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock 26 26 26
TOTAL STOCKHOLDERS' EQUITY 26 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock 89 89 89
TOTAL STOCKHOLDERS' EQUITY $ 89 $ 89 $ 89