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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 24, 2021
Jun. 25, 2020
CURRENT ASSETS:    
Cash $ 672 $ 1,535
Accounts receivable, less allowance for doubtful accounts of $291 and $391, respectively 66,334 56,953
Inventories 147,998 172,068
Prepaid expenses and other current assets 8,568 8,315
Assets held for sale 1,595  
TOTAL CURRENT ASSETS 225,167 238,871
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,150 9,285
Buildings 102,666 110,294
Machinery and equipment 225,529 218,021
Furniture and leasehold improvements 5,287 5,179
Vehicles 614 682
Construction in progress 12,301 2,244
Property, plant and equipment gross 355,547 345,705
Less: Accumulated depreciation 238,471 239,013
Property, plant and equipment net 117,076 106,692
Rental investment property, less accumulated depreciation of $12,825 and $12,018, respectively 16,298 17,105
TOTAL PROPERTY, PLANT AND EQUIPMENT 133,374 123,797
Intangible assets, net 9,961 12,125
Cash surrender value of officers' life insurance and other assets 10,732 11,875
Deferred income taxes 6,087 6,788
Goodwill 9,650 9,650
Operating lease right-of-use assets 3,484 4,351
TOTAL ASSETS 398,455 407,457
CURRENT LIABILITIES:    
Revolving credit facility borrowings 8,653 27,008
Current maturities of long-term debt, including related party debt of $627 and $585, respectively and net of unamortized debt issuance costs of $15 and $25, respectively 3,875 5,285
Accounts payable 48,861 36,323
Bank overdraft 1,093 2,041
Accrued payroll and related benefits 24,109 25,641
Other accrued expenses 13,613 15,870
TOTAL CURRENT LIABILITIES 100,204 112,168
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities, including related party debt of $8,320 and $8,947, respectively and net of unamortized debt issuance costs of $4 and $19, respectively 10,855 14,730
Retirement plan 34,919 31,573
Long-term operating lease liabilities, net of current portion 2,103 2,990
Other 7,880 7,758
TOTAL LONG-TERM LIABILITIES 55,757 57,051
TOTAL LIABILITIES 155,961 169,219
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 126,271 123,899
Retained earnings 126,336 124,058
Accumulated other comprehensive loss (9,025) (8,630)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 242,494 238,238
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 398,455 407,457
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 90 89
TOTAL STOCKHOLDERS' EQUITY $ 90 $ 89