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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 24, 2022
Jun. 24, 2021
Mar. 25, 2021
CURRENT ASSETS:      
Cash $ 667 $ 672 $ 1,043
Accounts receivable, less allowance for doubtful accounts of $280, $291 and $291 68,704 66,334 64,502
Inventories 211,127 147,998 151,757
Prepaid expenses and other current assets 7,653 8,568 6,481
Assets held for sale 0 1,595 0
TOTAL CURRENT ASSETS 288,151 225,167 223,783
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,277
Buildings 102,810 102,666 110,739
Machinery and equipment 230,842 225,529 225,583
Furniture and leasehold improvements 5,296 5,287 5,322
Vehicles 614 614 604
Construction in progress 18,077 12,301 9,662
Property, plant and equipment gross 366,789 355,547 361,187
Less: Accumulated depreciation 249,358 238,471 247,812
Property, plant and equipment net 117,431 117,076 113,375
Rental investment property, less accumulated depreciation of $13,431, $12,825 and $12,623 15,692 16,298 16,500
TOTAL PROPERTY, PLANT AND EQUIPMENT 133,123 133,374 129,875
Intangible assets, net 8,509 9,961 10,464
Cash surrender value of officers' life insurance and other assets 6,472 10,732 9,647
Deferred income taxes 5,104 6,087 5,051
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 2,570 3,484 3,758
TOTAL ASSETS 453,579 398,455 392,228
CURRENT LIABILITIES:      
Revolving credit facility borrowings 65,863 8,653 26,005
Current maturities of long-term debt, including related party debt of $600, $627 and $616 and net of unamortized debt issuance costs of $7, $15 and $17 3,961 3,875 3,828
Accounts payable 48,918 48,861 43,684
Bank overdraft 1,314 1,093 1,509
Accrued payroll and related benefits 12,646 24,109 19,224
Other accrued expenses 13,113 13,613 12,422
TOTAL CURRENT LIABILITIES 145,815 100,204 106,672
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, including related party debt of $7,933, $8,320 and $8,481and net of unamortized debt issuance costs of $0, $4 and $7 7,933 10,855 11,842
Retirement plan 35,935 34,919 32,433
Long-term operating lease liabilities, net of current portion 1,241 2,103 2,359
Other 7,876 7,880 8,019
TOTAL LONG-TERM LIABILITIES 52,985 55,757 54,653
TOTAL LIABILITIES 198,800 155,961 161,325
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 127,910 126,271 125,693
Retained earnings 136,175 126,336 113,993
Accumulated other comprehensive loss (8,218) (9,025) (7,695)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 254,779 242,494 230,903
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 453,579 398,455 392,228
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