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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 24, 2020
Jun. 25, 2020
Sep. 26, 2019
CURRENT ASSETS:      
Cash $ 743 $ 1,535 $ 887
Accounts receivable, less allowance for doubtful accounts of $371, $391 and $386 69,881 56,953 60,474
Inventories 150,371 172,068 156,453
Prepaid expenses and other current assets 6,353 8,315 5,291
TOTAL CURRENT ASSETS 227,348 238,871 223,105
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,277 9,285 9,285
Buildings 110,397 110,294 110,440
Machinery and equipment 221,545 218,021 212,403
Furniture and leasehold improvements 5,186 5,179 5,130
Vehicles 637 682 639
Construction in progress 4,370 2,244 2,454
Property, plant and equipment gross 351,412 345,705 340,351
Less: Accumulated depreciation 241,987 239,013 231,944
Property, plant and equipment net 109,425 106,692 108,407
Rental investment property, less accumulated depreciation of $12,220, $12,018 and $11,413 16,903 17,105 17,630
TOTAL PROPERTY, PLANT AND EQUIPMENT 126,328 123,797 126,037
Intangible assets, net 11,547 12,125 13,954
Cash surrender value of officers' life insurance and other assets 10,697 11,875 9,334
Deferred income taxes 6,987 6,788 5,972
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 4,201 4,351 5,170
TOTAL ASSETS 396,758 407,457 393,222
CURRENT LIABILITIES:      
Revolving credit facility borrowings 44,168 27,008 16,042
Current maturities of long-term debt, including related party debt of $595, $585 and $4,388 and net of unamortized debt issuance costs of $22, $25 and $32 4,372 5,285 7,385
Accounts payable 41,441 36,323 52,365
Bank overdraft 85 2,041 1,302
Accrued payroll and related benefits 11,511 25,641 11,546
Other accrued expenses 16,058 15,870 15,767
TOTAL CURRENT LIABILITIES 117,635 112,168 104,407
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $8,794, $8,947 and $10,028 and net of unamortized debt issuance costs of $15, $19 and $37 13,780 14,730 18,152
Retirement plan 31,860 31,573 24,974
Long-term operating lease liabilities, net of current portion 2,807 2,990 3,774
Other 7,377 7,758 7,865
TOTAL LONG-TERM LIABILITIES 55,824 57,051 54,765
TOTAL LIABILITIES 173,459 169,219 159,172
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 124,521 123,899 122,890
Retained earnings 108,185 124,058 117,293
Accumulated other comprehensive loss (8,318) (8,630) (5,044)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 223,299 238,238 234,050
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 396,758 407,457 393,222
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