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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 23, 2021
Jun. 24, 2021
Dec. 24, 2020
CURRENT ASSETS:      
Cash $ 1,027 $ 672 $ 1,763
Accounts receivable, less allowance for doubtful accounts of $358, $291 and $325 65,032 66,334 60,495
Inventories 178,741 147,998 155,371
Prepaid expenses and other current assets 12,764 8,568 9,872
Assets held for sale 0 1,595 0
TOTAL CURRENT ASSETS 257,564 225,167 227,501
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,277
Buildings 102,801 102,666 110,611
Machinery and equipment 228,418 225,529 224,458
Furniture and leasehold improvements 5,296 5,287 5,199
Vehicles 614 614 642
Construction in progress 17,254 12,301 6,577
Property, plant and equipment gross 363,533 355,547 356,764
Less: Accumulated depreciation 245,607 238,471 244,447
Property, plant and equipment net 117,926 117,076 112,317
Rental investment property, less accumulated depreciation of $13,229, $12,825 and $12,422 15,894 16,298 16,701
TOTAL PROPERTY, PLANT AND EQUIPMENT 133,820 133,374 129,018
Intangible assets, net 8,953 9,961 10,968
Cash surrender value of officers' life insurance and other assets 9,579 10,732 9,017
Deferred income taxes 4,304 6,087 7,288
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 2,852 3,484 4,119
TOTAL ASSETS 426,722 398,455 397,561
CURRENT LIABILITIES:      
Revolving credit facility borrowings 35,885 8,653 9,169
Current maturities of long-term debt, including related party debt of $586, $627 and $605 and net of unamortized debt issuance costs of $9, $15 and $20 3,909 3,875 3,780
Accounts payable 63,452 48,861 52,140
Bank overdraft 1,668 1,093 1,510
Accrued payroll and related benefits 12,832 24,109 13,470
Other accrued expenses 13,080 10,774 10,907
Income taxes payable 0 2,839 7,012
TOTAL CURRENT LIABILITIES 130,826 100,204 97,988
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $8,088, $8,320 and $8,639 and net of unamortized debt issuance costs of $1, $4 and $10 8,943 10,855 12,817
Retirement plan 35,596 34,919 32,146
Long-term operating lease liabilities, net of current portion 1,504 2,103 2,704
Other 8,050 7,880 7,899
TOTAL LONG-TERM LIABILITIES 54,093 55,757 55,566
TOTAL LIABILITIES 184,919 155,961 153,554
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 127,080 126,271 125,032
Retained earnings 124,298 126,336 128,070
Accumulated other comprehensive loss (8,487) (9,025) (8,007)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 241,803 242,494 244,007
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 426,722 398,455 397,561
Class A Common Stock [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock 26 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock $ 90 $ 90 $ 90