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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 26, 2024
Jun. 27, 2024
Sep. 28, 2023
CURRENT ASSETS:      
Cash $ 442 $ 484 $ 838
Accounts receivable, less allowance for doubtful accounts of $327, $318 and $281, respectively 83,787 84,960 68,363
Inventories 194,565 196,563 174,789
Prepaid expenses and other current assets 8,695 12,078 7,603
TOTAL CURRENT ASSETS 287,489 294,085 251,593
PROPERTY, PLANT AND EQUIPMENT:      
Land 13,365 13,365 9,150
Buildings 116,330 115,517 104,982
Machinery and equipment 298,973 295,599 267,313
Furniture and leasehold improvements 5,448 5,423 5,275
Vehicles 1,090 912 729
Construction in progress 18,331 7,569 7,480
Property, plant and equipment gross 453,537 438,385 394,929
Less: Accumulated depreciation 291,835 287,168 271,418
Property, plant and equipment net 161,702 151,217 123,511
Rental investment property, less accumulated depreciation of $15,448, $15,246 and $14,641, respectively 13,675 13,877 14,482
TOTAL PROPERTY, PLANT AND EQUIPMENT 175,377 165,094 137,993
OTHER LONG TERM ASSETS:      
Intangible assets, net 5,441 5,822 6,216
Deferred income taxes 3,680 3,130 3,461
Goodwill 11,750 11,750 11,750
Operating lease right-of-use assets 28,034 27,404 6,845
Other assets 7,596 8,290 6,995
TOTAL ASSETS 519,367 515,575 424,853
CURRENT LIABILITIES:      
Revolving credit facility borrowings 47,152 20,420 6,008
Current maturities of related party long-term debt 815 737 688
Accounts payable 59,575 53,436 51,922
Bank overdraft 1,315 545 669
Accrued payroll and related benefits 10,809 35,601 12,034
Other accrued expenses 20,167 15,201 17,980
TOTAL CURRENT LIABILITIES 139,833 125,940 89,301
LONG-TERM LIABILITIES:      
Long-term related party debt, less current maturities 6,169 6,365 6,924
Retirement plan 26,463 26,154 26,788
Long-term operating lease liabilities, net of current portion 25,167 24,877 5,136
Long-term workers' compensation liabilities 7,779 7,673 7,304
Other 3,153 1,953 2,033
TOTAL LONG-TERM LIABILITIES 68,731 67,022 48,185
TOTAL LIABILITIES 208,564 192,962 137,486
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 136,626 135,691 132,733
Retained earnings 174,220 186,965 155,925
Accumulated other comprehensive income (loss) 1,044 1,044 (204)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 310,803 322,613 287,367
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 519,367 515,575 424,853
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