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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2024
Jun. 29, 2023
Mar. 30, 2023
CURRENT ASSETS:      
Cash and cash equivalents $ 377 $ 1,948 $ 365
Accounts receivable, less allowance for doubtful accounts of $367, $283 and $305 75,638 72,734 74,534
Inventories 210,672 172,936 190,351
Prepaid expenses and other current assets 9,636 6,812 9,325
TOTAL CURRENT ASSETS 296,323 254,430 274,575
PROPERTY, PLANT AND EQUIPMENT:      
Land 13,365 9,150 9,150
Buildings 115,084 104,150 102,840
Machinery and equipment 287,363 261,706 259,289
Furniture and leasehold improvements 5,310 5,275 5,275
Vehicles 790 729 719
Construction in progress 8,271 7,123 8,210
Property, plant and equipment gross 430,183 388,133 385,483
Less: Accumulated depreciation 281,869 267,336 263,718
Property, plant and equipment net 148,314 120,797 121,765
Rental investment property, less accumulated depreciation of $15,044, $14,439 and $14,238 14,079 14,684 14,885
TOTAL PROPERTY, PLANT AND EQUIPMENT 162,393 135,481 136,650
OTHER LONG TERM ASSETS:      
Intangible assets, net 6,203 6,658 7,100
Deferred income taxes 651 3,592 2,374
Goodwill 11,750 11,750 11,750
Operating lease right-of-use assets 7,409 6,427 6,582
Other assets 7,199 6,949 6,029
TOTAL ASSETS 491,928 425,287 445,060
CURRENT LIABILITIES:      
Revolving credit facility borrowings 32,093 0 27,825
Current maturities of related party long-term debt, net 721 672 657
Accounts payable 51,458 42,680 42,264
Bank overdraft 1,351 285 458
Accrued payroll and related benefits 21,712 27,572 17,061
Other accrued expenses 13,055 14,479 14,493
TOTAL CURRENT LIABILITIES 120,390 85,688 102,758
LONG-TERM LIABILITIES:      
Long-term related party debt, less current maturities, net 6,555 7,102 7,276
Retirement plan 27,570 26,653 29,471
Long-term operating lease liabilities, net of current portion 5,553 4,771 4,905
Long-term workers' compensation liabilities 7,383 7,321 7,490
Other 2,665 1,545 842
TOTAL LONG-TERM LIABILITIES 49,726 47,392 49,984
TOTAL LIABILITIES 170,116 133,080 152,742
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 134,530 131,986 131,649
Retained earnings 188,573 161,512 164,220
Accumulated other comprehensive loss (204) (204) (2,464)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 321,812 292,207 292,318
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 491,928 425,287 445,060
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