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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 26, 2019
Jun. 27, 2019
Sep. 27, 2018
CURRENT ASSETS:      
Cash $ 887 $ 1,591 $ 1,215
Accounts receivable, less allowance for doubtful accounts of $386, $350 and $263 60,474 60,971 58,887
Inventories 156,453 157,024 181,031
Prepaid expenses and other current assets 5,291 5,754 4,190
TOTAL CURRENT ASSETS 223,105 225,340 245,323
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 110,440 109,955 109,110
Machinery and equipment 212,403 210,962 199,871
Furniture and leasehold improvements 5,130 5,128 5,015
Vehicles 639 673 526
Construction in progress 2,454 1,127 7,201
Property, plant and equipment gross 340,351 337,130 331,008
Less: Accumulated depreciation 231,944 228,778 220,376
Property, plant and equipment net 108,407 108,352 110,632
Rental investment property, less accumulated depreciation of $11,413, $11,212 and $10,629 17,630 17,831 18,264
TOTAL PROPERTY, PLANT AND EQUIPMENT 126,037 126,183 128,896
Intangible assets, net 13,954 14,626 16,812
Cash surrender value of officers' life insurance and other assets 9,334 9,782 9,102
Deferred income taxes 5,972 5,723 5,644
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 5,170    
TOTAL ASSETS 393,222 391,304 415,427
CURRENT LIABILITIES:      
Revolving credit facility borrowings 16,042   51,941
Current maturities of long-term debt, including related party debt of $4,388, $4,375 and $4,350 and net of unamortized debt issuance costs of $32, $35 and $42 7,385 7,338 7,212
Accounts payable 52,365 42,552 59,848
Bank overdraft 1,302 901 1,121
Accrued payroll and related benefits 11,546 22,101 10,149
Other accrued expenses 15,767 11,014 9,731
TOTAL CURRENT LIABILITIES 104,407 83,906 140,002
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $10,028, $11,495 and $14,416 and net of unamortized debt issuance costs of $37, $44 and $69 18,152 20,381 25,537
Retirement plan 24,974 24,737 21,501
Long-term operating lease liabilities, net of current portion 3,774    
Other 7,865 7,725 7,040
TOTAL LONG-TERM LIABILITIES 54,765 52,843 54,078
TOTAL LIABILITIES 159,172 136,749 194,080
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 122,890 122,257 120,568
Retained earnings 117,293 137,712 104,852
Accumulated other comprehensive loss (5,044) (4,325) (2,984)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 234,050 254,555 221,347
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 393,222 391,304 415,427
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