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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 30, 2023
Jun. 30, 2022
Mar. 24, 2022
CURRENT ASSETS:      
Cash $ 365 $ 415 $ 667
Accounts receivable, less allowance for doubtful accounts of $305, $267 and $280 74,534 69,611 68,704
Inventories 190,351 204,855 211,127
Prepaid expenses and other current assets 9,325 8,283 7,653
TOTAL CURRENT ASSETS 274,575 283,164 288,151
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,150
Buildings 102,840 102,810 102,810
Machinery and equipment 259,289 245,111 230,842
Furniture and leasehold improvements 5,275 5,296 5,296
Vehicles 719 614 614
Construction in progress 8,210 6,471 18,077
Property, plant and equipment gross 385,483 369,452 366,789
Less: Accumulated depreciation 263,718 252,371 249,358
Property, plant and equipment net 121,765 117,081 117,431
Rental investment property, less accumulated depreciation of $14,238, $13,632 and $13,431 14,885 15,491 15,692
TOTAL PROPERTY, PLANT AND EQUIPMENT 136,650 132,572 133,123
OTHER LONG TERM ASSETS:      
Intangible assets, net 7,100 8,065 8,509
Life insurance and other assets 6,029 8,272 6,472
Deferred income taxes 2,374 3,236 5,104
Goodwill 11,750 9,650 9,650
Operating Lease, Right-of-Use Asset 6,582 2,303 2,570
TOTAL ASSETS 445,060 447,262 453,579
CURRENT LIABILITIES:      
Revolving credit facility borrowings 27,825 40,439 65,863
Current maturities of long-term debt, net, including related party debt of $657, $614 and $600 657 3,149 3,961
Accounts payable 42,264 47,720 48,918
Bank overdraft 458 214 1,314
Accrued payroll and related benefits 17,061 18,888 12,646
Other accrued expenses 14,493 12,352 13,113
TOTAL CURRENT LIABILITIES 102,758 122,762 145,815
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, net, including related party debt of $7,276, $7,774 and $7,933 7,276 7,774 7,933
Retirement plan 29,471 28,886 35,935
Long-term operating lease liabilities, net of current portion 4,905 1,076 1,241
Other 8,332 7,943 7,876
TOTAL LONG-TERM LIABILITIES 49,984 45,679 52,985
TOTAL LIABILITIES 152,742 168,441 198,800
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 131,649 128,800 127,910
Retained earnings 164,220 153,589 136,175
Accumulated other comprehensive loss (2,464) (2,480) (8,218)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 292,318 278,821 254,779
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 445,060 447,262 453,579
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