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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 24, 2020
Jun. 25, 2020
Dec. 26, 2019
CURRENT ASSETS:      
Cash $ 1,763 $ 1,535 $ 1,393
Accounts receivable, less allowance for doubtful accounts of $325, $391 and $425 60,495 56,953 52,653
Inventories 155,371 172,068 172,340
Prepaid expenses and other current assets 9,872 8,315 5,992
TOTAL CURRENT ASSETS 227,501 238,871 232,378
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,277 9,285 9,285
Buildings 110,611 110,294 109,671
Machinery and equipment 224,458 218,021 212,532
Furniture and leasehold improvements 5,199 5,179 5,160
Vehicles 642 682 682
Construction in progress 6,577 2,244 3,817
Property, plant and equipment gross 356,764 345,705 341,147
Less: Accumulated depreciation 244,447 239,013 233,825
Property, plant and equipment net 112,317 106,692 107,322
Rental investment property, less accumulated depreciation of $12,422, $12,018 and $11,615 16,701 17,105 17,508
TOTAL PROPERTY, PLANT AND EQUIPMENT 129,018 123,797 124,830
Intangible assets, net 10,968 12,125 13,282
Cash surrender value of officers' life insurance and other assets 9,017 11,875 9,124
Deferred income taxes 7,288 6,788 5,616
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 4,119 4,351 4,823
TOTAL ASSETS 397,561 407,457 399,703
CURRENT LIABILITIES:      
Revolving credit facility borrowings 9,169 27,008 13,495
Current maturities of long-term debt, including related party debt of $605, $585 and $565 and net of unamortized debt issuance costs of $20, $25 and $30 3,780 5,285 7,110
Accounts payable 52,140 36,323 70,979
Bank overdraft 1,510 2,041 1,349
Accrued payroll and related benefits 13,470 25,641 13,429
Other accrued expenses 10,907 10,729 11,027
Income taxes payable 7,012 5,141 347
TOTAL CURRENT LIABILITIES 97,988 112,168 117,736
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $8,639, $8,947 and $9,244 and net of unamortized debt issuance costs of $10, $19 and $30 12,817 14,730 16,597
Retirement plan 32,146 31,573 25,212
Long-term operating lease liabilities, net of current portion 2,704 2,990 3,456
Other 7,899 7,758 7,786
TOTAL LONG-TERM LIABILITIES 55,566 57,051 53,051
TOTAL LIABILITIES 153,554 169,219 170,787
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 125,032 123,899 122,984
Retained earnings 128,070 124,058 111,807
Accumulated other comprehensive loss (8,007) (8,630) (4,786)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 244,007 238,238 228,916
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 397,561 407,457 399,703
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 90 89 89
TOTAL STOCKHOLDERS' EQUITY $ 90 $ 89 $ 89