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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 23, 2021
Jun. 24, 2021
Sep. 24, 2020
CURRENT ASSETS:      
Cash $ 539 $ 672 $ 743
Accounts receivable, less allowance for doubtful accounts of $311, $291 and $371 71,890 66,334 69,881
Inventories 152,603 147,998 150,371
Prepaid expenses and other current assets 10,407 8,568 6,353
Assets held for sale   1,595  
TOTAL CURRENT ASSETS 235,439 225,167 227,348
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,277
Buildings 102,661 102,666 110,397
Machinery and equipment 226,618 225,529 221,545
Furniture and leasehold improvements 5,295 5,287 5,186
Vehicles 614 614 637
Construction in progress 16,593 12,301 4,370
Property, plant and equipment gross 360,931 355,547 351,412
Less: Accumulated depreciation 242,422 238,471 241,987
Property, plant and equipment net 118,509 117,076 109,425
Rental investment property, less accumulated depreciation of $13,027, $12,825 and $12,220 16,096 16,298 16,903
TOTAL PROPERTY, PLANT AND EQUIPMENT 134,605 133,374 126,328
Intangible assets, net 9,457 9,961 11,547
Cash surrender value of officers' life insurance and other assets 9,542 10,732 10,697
Deferred income taxes 5,297 6,087 6,987
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 3,171 3,484 4,201
TOTAL ASSETS 407,161 398,455 396,758
CURRENT LIABILITIES:      
Revolving credit facility borrowings 45,264 8,653 44,168
Current maturities of long-term debt, including related party debt of $572, $627 and $595 and net of unamortized debt issuance costs of $12, $15 and $22 3,858 3,875 4,372
Accounts payable 46,103 48,861 41,441
Bank overdraft 171 1,093 85
Accrued payroll and related benefits 11,410 24,109 11,511
Other accrued expenses 17,028 13,613 16,058
TOTAL CURRENT LIABILITIES 123,834 100,204 117,635
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $8,240, $8,320 and $8,794 and net of unamortized debt issuance costs of $2, $4 and $15 9,939 10,855 13,780
Retirement plan 35,257 34,919 31,860
Long-term operating lease liabilities, net of current portion 1,804 2,103 2,807
Other 8,162 7,880 7,377
TOTAL LONG-TERM LIABILITIES 55,162 55,757 55,824
TOTAL LIABILITIES 178,996 155,961 173,459
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 126,958 126,271 124,521
Retained earnings 111,051 126,336 108,185
Accumulated other comprehensive loss (8,756) (9,025) (8,318)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 228,165 242,494 223,299
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 407,161 398,455 396,758
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 90 89
TOTAL STOCKHOLDERS' EQUITY $ 90 $ 90 $ 89