XML 19 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Jun. 29, 2023
Jun. 30, 2022
Jun. 24, 2021
Statement of Comprehensive Income [Abstract]      
Net sales $ 999,686 $ 955,868 $ 858,482
Cost of sales 788,055 756,241 673,495
Gross profit 211,631 199,627 184,987
Operating expenses:      
Selling expenses 76,803 76,882 63,020
Administrative expenses 44,604 37,657 36,789
Gain on sale of facility, net 0 (2,349) 0
Total operating expenses 121,407 112,190 99,809
Income from operations 90,224 87,437 85,178
Other expense:      
Interest expense including $788, $788 and $653 to related parties, respectively 2,159 1,921 1,441
Rental and miscellaneous expense, net 1,321 1,347 1,399
Pension expense (excluding service costs) 1,394 2,473 2,519
Total other expense, net 4,874 5,741 5,359
Income before income taxes 85,350 81,696 79,819
Income tax expense 22,493 19,909 20,078
Net income 62,857 61,787 59,741
Other comprehensive income (loss), net of tax:      
Amortization of prior service cost and actuarial loss included in net periodic pension cost 21 1,077 1,229
Net actuarial gain (loss) arising during the period 2,255 5,468 (1,624)
Other comprehensive income (loss), net of tax 2,276 6,545 (395)
Comprehensive income $ 65,133 $ 68,332 $ 59,346
Net income per common share — basic $ 5.43 $ 5.36 $ 5.19
Net income per common share — diluted 5.4 5.33 5.17
Cash dividends declared per share $ 4.75 $ 3 $ 5
Weighted average shares outstanding — basic 11,576,852 11,537,699 11,500,494
Weighted average shares outstanding — diluted 11,642,046 11,593,949 11,559,280