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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 26, 2019
Jun. 27, 2019
Dec. 27, 2018
CURRENT ASSETS:      
Cash $ 1,393 $ 1,591 $ 2,583
Accounts receivable, less allowance for doubtful accounts of $425, $350 and $342 52,653 60,971 62,580
Inventories 172,340 157,024 171,708
Prepaid expenses and other current assets 5,992 5,754 6,943
TOTAL CURRENT ASSETS 232,378 225,340 243,814
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 109,671 109,955 109,380
Machinery and equipment 212,532 210,962 206,663
Furniture and leasehold improvements 5,160 5,128 5,039
Vehicles 682 673 641
Construction in progress 3,817 1,127 2,563
Property, plant and equipment gross 341,147 337,130 333,571
Less: Accumulated depreciation 233,825 228,778 222,976
Property, plant and equipment net 107,322 108,352 110,595
Rental investment property, less accumulated depreciation of $11,615, $11,212 and $10,827 17,508 17,831 18,066
TOTAL PROPERTY, PLANT AND EQUIPMENT 124,830 126,183 128,661
Intangible assets, net 13,282 14,626 15,970
Cash surrender value of officers' life insurance and other assets 9,124 9,782 8,743
Deferred income taxes 5,616 5,723 4,591
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 4,823    
TOTAL ASSETS 399,703 391,304 411,429
CURRENT LIABILITIES:      
Revolving credit facility borrowings 13,495   24,541
Current maturities of long-term debt, including related party debt of $565, $4,375 and $4,359 and net of unamortized debt issuance costs of $30, $35 and $40 7,110 7,338 7,254
Accounts payable 70,979 42,552 69,732
Bank overdraft 1,349 901 3,887
Accrued payroll and related benefits 13,429 22,101 10,293
Other accrued expenses 11,374 11,014 9,808
TOTAL CURRENT LIABILITIES 117,736 83,906 125,515
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $9,244, $11,495 and $13,323 and net of unamortized debt issuance costs of $30, $44 and $60 16,597 20,381 23,707
Retirement plan 25,212 24,737 21,713
Long-term operating lease liabilities, net of current portion 3,456    
Other 7,786 7,725 7,121
TOTAL LONG-TERM LIABILITIES 53,051 52,843 52,541
TOTAL LIABILITIES 170,787 136,749 178,056
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 122,984 122,257 121,133
Retained earnings 111,807 137,712 116,116
Accumulated other comprehensive loss (4,786) (4,325) (2,787)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 228,916 254,555 233,373
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 399,703 391,304 411,429
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