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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 29, 2022
Jun. 30, 2022
Dec. 23, 2021
CURRENT ASSETS:      
Cash $ 620 $ 415 $ 1,027
Accounts receivable, less allowance for doubtful accounts of $318, $267 and $358 72,433 69,611 65,032
Inventories 173,075 204,855 178,741
Prepaid expenses and other current assets 11,693 8,283 12,764
TOTAL CURRENT ASSETS 257,821 283,164 257,564
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,150
Buildings 102,840 102,810 102,801
Machinery and equipment 254,013 245,111 228,418
Furniture and leasehold improvements 5,312 5,296 5,296
Vehicles 614 614 614
Construction in progress 9,877 6,471 17,254
Property, plant and equipment gross 381,806 369,452 363,533
Less: Accumulated depreciation 259,597 252,371 245,607
Property, plant and equipment net 122,209 117,081 117,926
Rental investment property, less accumulated depreciation of $14,036 $13,632 and $13,229 15,087 15,491 15,894
TOTAL PROPERTY, PLANT AND EQUIPMENT 137,296 132,572 133,820
OTHER LONG TERM ASSETS:      
Intangible assets, net 7,561 8,065 8,953
Life insurance and other assets 6,021 8,272 9,579
Deferred income taxes 2,608 3,236 4,304
Goodwill 12,030 9,650 9,650
Operating lease right-of-use assets 2,593 2,303 2,852
TOTAL ASSETS 425,930 447,262 426,722
CURRENT LIABILITIES:      
Revolving credit facility borrowings 22,805 40,439 35,885
Current maturities of long-term debt, net, including related party debt of $642, $614 and $586 1,497 3,149 3,909
Accounts payable 49,342 47,720 63,452
Bank overdraft 1,970 214 1,668
Accrued payroll and related benefits 14,953 18,888 12,832
Other accrued expenses 13,495 12,352 13,080
TOTAL CURRENT LIABILITIES 104,062 122,762 130,826
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, net, including related party debt of $7,446, $7,774 and $8,088 7,446 7,774 8,943
Retirement plan 29,132 28,886 35,596
Long-term operating lease liabilities, net of current portion 1,472 1,076 1,504
Other 8,155 7,943 8,050
TOTAL LONG-TERM LIABILITIES 46,205 45,679 54,093
TOTAL LIABILITIES 150,267 168,441 184,919
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 130,731 128,800 127,080
Retained earnings 148,488 153,589 124,298
Accumulated other comprehensive loss (2,469) (2,480) (8,487)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 275,663 278,821 241,803
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 425,930 447,262 426,722
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 $ 91 $ 90 $ 90