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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 26, 2020
Jun. 27, 2019
Mar. 28, 2019
CURRENT ASSETS:      
Cash $ 993 $ 1,591 $ 1,090
Accounts receivable, less allowance for doubtful accounts of $387, $350 and $324 68,042 60,971 57,768
Inventories 188,514 157,024 178,909
Prepaid expenses and other current assets 5,249 5,754 6,168
TOTAL CURRENT ASSETS 262,798 225,340 243,935
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,285 9,285 9,285
Buildings 110,278 109,955 109,328
Machinery and equipment 215,310 210,962 207,769
Furniture and leasehold improvements 5,170 5,128 5,058
Vehicles 682 673 643
Construction in progress 4,104 1,127 3,488
Property, plant and equipment gross 344,829 337,130 335,571
Less: Accumulated depreciation 237,171 228,778 225,626
Property, plant and equipment net 107,658 108,352 109,945
Rental investment property, less accumulated depreciation of $11,816, $11,212 and $11,022 17,306 17,831 17,956
TOTAL PROPERTY, PLANT AND EQUIPMENT 124,964 126,183 127,901
Intangible assets, net 12,704 14,626 15,298
Cash surrender value of officers' life insurance and other assets 9,967 9,782 8,412
Deferred income taxes 5,973 5,723 4,553
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 4,638 0 0
TOTAL ASSETS 430,694 391,304 409,749
CURRENT LIABILITIES:      
Revolving credit facility borrowings 38,175 0 35,099
Current maturities of long-term debt, including related party debt of $574, $4,375 and $4,369 and net of unamortized debt issuance costs of $27, $35 and $37 6,197 7,338 7,297
Accounts payable 54,856 42,552 45,158
Bank overdraft 2,091 901 1,722
Accrued payroll and related benefits 21,116 22,101 14,744
Other accrued expenses 12,774 11,014 10,348
TOTAL CURRENT LIABILITIES 135,209 83,906 114,368
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $9,097, $11,495 and $12,227 and net of unamortized debt issuance costs of $24, $44 and $52 15,670 20,381 21,867
Retirement plan 25,449 24,737 21,926
Long-term operating lease liabilities, net of current portion 3,259 0 0
Other 7,839 7,725 7,170
TOTAL LONG-TERM LIABILITIES 52,217 52,843 50,963
TOTAL LIABILITIES 187,426 136,749 165,331
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 123,613 122,257 121,650
Retained earnings 125,273 137,712 126,447
Accumulated other comprehensive loss (4,529) (4,325) (2,590)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 243,268 254,555 244,418
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 430,694 391,304 409,749
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