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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2023
Jun. 29, 2023
Sep. 29, 2022
CURRENT ASSETS:      
Cash $ 838 $ 1,948 $ 298
Accounts receivable, less allowance for doubtful accounts of $305, $267 and $280 68,363 72,734 76,401
Inventories 174,789 172,936 192,098
Prepaid expenses and other current assets 7,603 6,812 6,746
TOTAL CURRENT ASSETS 251,593 254,430 275,543
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,150
Buildings 104,982 104,150 102,837
Machinery and equipment 267,313 261,706 251,998
Furniture and leasehold improvements 5,275 5,275 5,296
Vehicles 729 729 614
Construction in progress 7,480 7,123 6,926
Property, plant and equipment gross 394,929 388,133 376,821
Less: Accumulated depreciation 271,418 267,336 255,948
Property, plant and equipment net 123,511 120,797 120,873
Rental investment property, less accumulated depreciation of $14,238, $13,632 and $13,431 14,482 14,684 15,289
TOTAL PROPERTY, PLANT AND EQUIPMENT 137,993 135,481 136,162
OTHER LONG TERM ASSETS:      
Intangible assets, net 6,216 6,658 7,621
Deferred income taxes 3,461 3,592 3,231
Goodwill 11,750 11,750 9,650
Operating Lease, Right-of-Use Asset 6,845 6,427 2,430
Other assets 6,995 6,949 6,134
TOTAL ASSETS 424,853 425,287 440,771
CURRENT LIABILITIES:      
Revolving credit facility borrowings 6,008 0 42,624
Current maturities of long-term debt, net, including related party debt of $657, $614 and $600 688 672 2,046
Accounts payable 51,922 42,680 51,222
Bank overdraft 669 285 488
Accrued payroll and related benefits 12,034 27,572 12,166
Other accrued expenses 17,980 14,479 17,624
TOTAL CURRENT LIABILITIES 89,301 85,688 126,170
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, net, including related party debt of $7,276, $7,774 and $7,933 6,924 7,102 7,612
Retirement plan 26,788 26,653 28,753
Long-term operating lease liabilities, net of current portion 5,136 4,771 1,242
Long-term workers' compensation liabilities 7,304 7,321 7,422
Other 2,033 1,545 409
TOTAL LONG-TERM LIABILITIES 48,185 47,392 45,438
TOTAL LIABILITIES 137,486 133,080 171,608
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 132,733 131,986 129,572
Retained earnings 155,925 161,512 143,153
Accumulated other comprehensive loss (204) (204) (2,474)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 287,367 292,207 269,163
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 424,853 425,287 440,771
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 $ 91 $ 90