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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 25, 2020
Jun. 27, 2019
CURRENT ASSETS:    
Cash $ 1,535 $ 1,591
Accounts receivable, less allowance for doubtful accounts of $391 and $350, respectively 56,953 60,971
Inventories 172,068 157,024
Prepaid expenses and other current assets 8,315 5,754
TOTAL CURRENT ASSETS 238,871 225,340
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,285 9,285
Buildings 110,294 109,955
Machinery and equipment 218,021 210,962
Furniture and leasehold improvements 5,179 5,128
Vehicles 682 673
Construction in progress 2,244 1,127
Property, plant and equipment gross 345,705 337,130
Less: Accumulated depreciation 239,013 228,778
Property, plant and equipment net 106,692 108,352
Rental investment property, less accumulated depreciation of $12,018 and $11,212, respectively 17,105 17,831
TOTAL PROPERTY, PLANT AND EQUIPMENT 123,797 126,183
Intangible assets, net 12,125 14,626
Cash surrender value of officers' life insurance and other assets 11,875 9,782
Deferred income taxes 6,788 5,723
Goodwill 9,650 9,650
Operating lease right-of-use assets 4,351  
TOTAL ASSETS 407,457 391,304
CURRENT LIABILITIES:    
Revolving credit facility borrowings 27,008  
Current maturities of long-term debt, including related party debt of $585 and $4,375, respectively and net of unamortized debt issuance costs of $25 and $35, respectively 5,285 7,338
Accounts payable 36,323 42,552
Bank overdraft 2,041 901
Accrued payroll and related benefits 25,641 22,101
Other accrued expenses 15,870 11,014
TOTAL CURRENT LIABILITIES 112,168 83,906
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities, including related party debt of $8,947 and $11,495, respectively and net of unamortized debt issuance costs of $19 and $44, respectively 14,730 20,381
Retirement plan 31,573 24,737
Long-term operating lease liabilities, net of current portion 2,990  
Other 7,758 7,725
TOTAL LONG-TERM LIABILITIES 57,051 52,843
TOTAL LIABILITIES 169,219 136,749
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 123,899 122,257
Retained earnings 124,058 137,712
Accumulated other comprehensive loss (8,630) (4,325)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 238,238 254,555
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 407,457 391,304
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