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v3.23.2

Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2023 | Jun. 29, 2023
Accounting Policies [Abstract] |  |
Depreciation Expense for Last Three Fiscal Years | Depreciation expense for the last three fiscal years is as follows:
|  | Year Ended June 29, 2023 |  |  | Year Ended June 30, 2022 |  |  | Year Ended June 24, 2021 |
Depreciation expense |  | $ | 18,746 |  |  | $ | 16,390 |  |  | $ | 16,144 |
Estimated Useful Lives of Property, Plant and Equipment | Cost is depreciated using the straight-line method over the following estimated useful lives:
Classification |  | Estimated Useful Lives
Buildings |  | 10 to 40 years
Machinery and equipment |  | 5 to 10 years
Furniture and leasehold improvements |  | 5 to 10 years
Vehicles |  | 3 to 5 years
Computers and software |  | 3 to 10 years
Carrying Value and Fair Value Estimate of Current and Long-Term Debt | The following table summarizes the carrying value and fair value estimate of our current and long-term debt, excluding unamortized debt issuance costs:
|  | June 29, 2023 |  |  | June 30, 2022 |
Carrying value of current and long-term debt: |  | $ | 7,774 |  |  | $ | 10,927 |
Fair value of current and long-term debt: |  |  | 7,421 |  |  |  | 11,179 |
Marketing and Advertising Expenses, Recorded in Selling Expenses |  | These costs are generally expensed as incurred, recorded in selling expenses and were as follows for the last three fiscal years:
|  | Year Ended June 29, 2023 |  |  | Year Ended June 30, 2022 |  |  | Year Ended June 24, 2021 |
Marketing and advertising expense |  | $ | 13,947 |  |  | $ | 13,964 |  |  | $ | 9,172 |
Shipping and Handling Cost for Last Three Fiscal Years |  | Shipping and handling costs for the last three fiscal years were as follows:
|  | Year Ended June 29, 2023 |  |  | Year Ended June 30, 2022 |  |  | Year Ended June 24, 2021 |
Shipping and handling costs |  | $ | 30,918 |  |  | $ | 33,851 |  |  | $ | 26,456 |
Research and Development Expenses for Last Three Fiscal Years |  | Research and development expenses for the last three fiscal years were as follows:
|  | Year Ended June 29, 2023 |  |  | Year Ended June 30, 2022 |  |  | Year Ended June 24, 2021 |
Research and development expense |  | $ | 3,362 |  |  | $ | 2,833 |  |  | $ | 2,000 |
Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings Per Share |  | The following table presents the reconciliation of the weighted average shares outstanding used in computing basic and diluted earnings per share:
|  | Year Ended June 29, 2023 |  |  | Year Ended June 30, 2022 |  |  | Year Ended June 24, 2021 |
Weighted average number of shares outstanding — basic |  |  | 11,576,852 |  |  |  | 11,537,699 |  |  |  | 11,500,494 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Stock options and restricted stock units |  |  | 65,194 |  |  |  | 56,250 |  |  |  | 58,786 |
Weighted average number of shares outstanding — diluted |  |  | 11,642,046 |  |  |  | 11,593,949 |  |  |  | 11,559,280 |

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