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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 1,948 $ 415
Accounts receivable, less allowance for doubtful accounts of $267 and $267, respectively 72,734 69,611
Inventories 172,936 204,855
Prepaid expenses and other current assets 6,812 8,283
TOTAL CURRENT ASSETS 254,430 283,164
PROPERTY, PLANT AND EQUIPMENT:    
Land 9,150 9,150
Buildings 104,150 102,810
Machinery and equipment 261,706 245,111
Furniture and leasehold improvements 5,275 5,296
Vehicles 729 614
Construction in progress 7,123 6,471
Property, plant and equipment gross 388,133 369,452
Less: Accumulated depreciation 267,336 252,371
Property, plant and equipment net 120,797 117,081
Rental investment property, less accumulated depreciation of $13,632 and $13,632, respectively 14,684 15,491
TOTAL PROPERTY, PLANT AND EQUIPMENT 135,481 132,572
OTHER LONG TERM ASSETS:    
Intangible assets, net 6,658 8,065
Deferred income taxes 3,592 3,236
Goodwill 11,750 9,650
Operating Lease, Right-of-Use Asset 6,427 2,303
Other Assets 6,949 8,272
TOTAL ASSETS 425,287 447,262
CURRENT LIABILITIES:    
Revolving credit facility borrowings 0 40,439
Current maturities of long-term debt net including related party debt of $672 and $614 respectively 672 3,149
Accounts payable 42,680 47,720
Bank overdraft 285 214
Accrued payroll and related benefits 27,572 18,888
Other accrued expenses 14,479 12,352
TOTAL CURRENT LIABILITIES 85,688 122,762
LONG-TERM LIABILITIES:    
Long-term debt, less current maturities net including related party debt of $7,102and $7774 respectively 7,102 7,774
Retirement plan 26,653 28,886
Long-term operating lease liabilities, net of current portion 4,771 1,076
Long-term workers' compensation liabilities 7,321 7,562
Other 1,545 381
TOTAL LONG-TERM LIABILITIES 47,392 45,679
TOTAL LIABILITIES 133,080 168,441
STOCKHOLDERS' EQUITY:    
Capital in excess of par value 131,986 128,800
Retained earnings 161,512 153,589
Accumulated other comprehensive loss (204) (2,480)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 292,207 278,821
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 425,287 447,262
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 $ 91 $ 90