XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 28, 2023
Jun. 29, 2023
Dec. 29, 2022
CURRENT ASSETS:      
Cash $ 1,975 $ 1,948 $ 620
Accounts receivable, less allowance for doubtful accounts of $370, $283 and $318 77,416 72,734 72,433
Inventories 197,335 172,936 173,075
Prepaid expenses and other current assets 13,040 6,812 11,693
TOTAL CURRENT ASSETS 289,766 254,430 257,821
PROPERTY, PLANT AND EQUIPMENT:      
Land 13,365 9,150 9,150
Buildings 114,708 104,150 102,840
Machinery and equipment 286,317 261,706 254,013
Furniture and leasehold improvements 5,310 5,275 5,312
Vehicles 790 729 614
Construction in progress 3,960 7,123 9,877
Property, plant and equipment gross 424,450 388,133 381,806
Less: Accumulated depreciation 276,987 267,336 259,597
Property, plant and equipment net 147,463 120,797 122,209
Rental investment property, less accumulated depreciation of $14,843, $14,439 and $14,036 14,280 14,684 15,087
TOTAL PROPERTY, PLANT AND EQUIPMENT 161,743 135,481 137,296
OTHER LONG TERM ASSETS:      
Intangible assets, net 6,584 6,658 7,561
Deferred income taxes 562 3,592 2,608
Goodwill 11,750 11,750 12,030
Operating Lease, Right-of-Use Asset 6,867 6,427 2,593
Other assets 7,187 6,949 6,021
TOTAL ASSETS 484,459 425,287 425,930
CURRENT LIABILITIES:      
Revolving credit facility borrowings 32,052 0 22,805
Current maturities of long-term debt, net, including related party debt of $704, $672 and $642 704 672 1,497
Accounts payable 62,955 42,680 49,342
Bank overdraft 1,500 285 1,970
Accrued payroll and related benefits 17,479 27,572 14,953
Other accrued expenses 13,601 14,479 13,495
TOTAL CURRENT LIABILITIES 128,291 85,688 104,062
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, net, including related party debt of $6,742, $7,102 and $7,446 6,742 7,102 7,446
Retirement plan 27,338 26,653 29,132
Long-term operating lease liabilities, net of current portion 5,141 4,771 1,472
Long-term workers' compensation liabilities 7,291 7,321 7,459
Other 2,419 1,545 696
TOTAL LONG-TERM LIABILITIES 48,931 47,392 46,205
TOTAL LIABILITIES 177,222 133,080 150,267
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 133,432 131,986 130,731
Retained earnings 175,096 161,512 148,488
Accumulated other comprehensive loss (204) (204) (2,469)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 307,237 292,207 275,663
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 484,459 425,287 425,930
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 $ 91