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Significant Accounting Policies (Tables)
 12 Months Ended
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