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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 24, 2021
CURRENT ASSETS:    
Cash $ 415 $ 672
Accounts receivable, less allowance for doubtful accounts of $267 and $291, respectively 69,611 66,334
Inventories 204,855 147,998
Prepaid expenses and other current assets 8,283 8,568
Assets held for sale 0 1,595
TOTAL CURRENT ASSETS 283,164 225,167
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,150 9,150
Buildings 102,810 102,666
Machinery and equipment 245,111 225,529
Furniture and leasehold improvements 5,296 5,287
Vehicles 614 614
Construction in progress 6,471 12,301
Property, plant and equipment gross 369,452 355,547
Less: Accumulated depreciation 252,371 238,471
Property, plant and equipment net 117,081 117,076
Rental investment property, less accumulated depreciation of $13,632 and $12,825, respectively 15,491 16,298
TOTAL PROPERTY, PLANT AND EQUIPMENT 132,572 133,374
OTHER LONG TERM ASSETS:    
Intangible assets, net 8,065 9,961
Life insurance and other assets 8,272 10,732
Deferred income taxes 3,236 6,087
Goodwill 9,650 9,650
Operating lease right-of-use assets 2,303 3,484
TOTAL ASSETS 447,262 398,455
CURRENT LIABILITIES:    
Revolving credit facility borrowings 40,439 8,653
Current maturities of long-term debt, including related party debt of $614 and $627, respectively and net of unamortized debt issuance costs of $4 and $15, respectively 3,149 3,875
Accounts payable 47,720 48,861
Bank overdraft 214 1,093
Accrued payroll and related benefits 18,888 24,109
Other accrued expenses 12,352 13,613
TOTAL CURRENT LIABILITIES 122,762 100,204
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities, including related party debt of $7,774 and $8,320, respectively and net of unamortized debt issuance costs of $0 and $4, respectively 7,774 10,855
Retirement plan 28,886 34,919
Long-term operating lease liabilities, net of current portion 1,076 2,103
Other 7,943 7,880
TOTAL LONG-TERM LIABILITIES 45,679 55,757
TOTAL LIABILITIES 168,441 155,961
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 128,800 126,271
Retained earnings 153,589 126,336
Accumulated other comprehensive loss (2,480) (9,025)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 278,821 242,494
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 447,262 398,455
Class A Common Stock [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock $ 90 $ 90