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Note 27 - Related Party Transactions | 12 Months Ended
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Jun. 24, 2012
Related Party Transactions Disclosure [Text Block] | 27. Related Party Transactions Related party receivables and payables consist of the following:
|  | June 24, 2012 |  |  | June 26, 2011 |
Dillon Yarn Corporation |  | $ | 7 |  |  | $ | 6 |
American Drawtech Company, Inc. |  |  | 104 |  |  |  | 506 |
Total related party receivables (included within receivables, net) |  | $ | 111 |  |  | $ | 512 |
Dillon Yarn Corporation |  | $ | 206 |  |  | $ | 276 |
American Drawtech Company, Inc. |  |  | 20 |  |  |  | 11 |
Salem Leasing Corporation |  |  | 270 |  |  |  | 280 |
Total related party payables (included within accounts payable) |  | $ | 496 |  |  | $ | 567 |
Related party transactions consist of the following:
|  |  | For the Fiscal Years Ended |
Affiliated Entity | Transaction Type |  | June 24, 2012 |  |  | June 26, 2011 |  |  | June 27, 2010 |
Dillon Yarn Corporation | Sales Service Agreement |  | $ | 845 |  |  | $ | 1,300 |  |  | $ | 1,500 |
Dillon Yarn Corporation | Sales |  |  | 134 |  |  |  | 51 |  |  |  | 71 |
Dillon Yarn Corporation | Yarn Purchases |  |  | 2,333 |  |  |  | 2,302 |  |  |  | 3,173 |
American Drawtech Company, Inc. | Sales |  |  | 2,876 |  |  |  | 4,042 |  |  |  | 2,041 |
American Drawtech Company, Inc. | Yarn Purchases |  |  | 147 |  |  |  | 129 |  |  |  | 53 |
Salem Leasing Corporation | Transportation Equipment Costs |  |  | 3,096 |  |  |  | 3,400 |  |  |  | 2,975 |
Cupron, Inc. | Sales |  |  | 116 |  |  |  | 26 |  |  |  | — |
Invemed Catalyst Fund L.P. | Stock Purchase |  |  | — |  |  |  | — |  |  |  | 4,995 |
In fiscal year 2007, the Company purchased the polyester and nylon texturing operations of Dillon Yarn Corporation (“Dillon”). Mr. Mitchel Weinberger, the President and Chief Operating Officer of Dillon, is a member of the Company’s Board. In connection with the Dillon acquisition, the Company and Dillon entered into an agreement under which the Company agreed to pay Dillon for certain sales and services to be provided by Dillon's sales staff and executive management. On December 19, 2011, the Company and Dillon entered into an amendment for the existing sales and service agreement. The amendment provides for a one year term beginning in January 2012 and consideration of $106 paid quarterly. In addition, the Company recorded sales to and commission income from Dillon and has purchased products from Dillon in the ordinary course of business. Mr. Weinberger is a board member and the Executive Vice President of American Drawtech Company, Inc. (“ADC”). Mr. Kenneth G. Langone, a member of the Company’s Board, is a director, stockholder, and Chairman of the Board of Salem Holding Company. The Company leases tractors and trailers from Salem Leasing Corporation, a wholly-owned subsidiary of Salem Holding Company. In addition to the monthly minimum lease payments, the Company also incurs expenses for routine repair and maintenance and other expenses related to the leased tractors and trailers. The leases do not contain renewal, purchase options or escalation clauses. During fiscal year 2012, the Company had sales to Cupron, Inc. (“Cupron”). Mr. William J. Armfield, IV is a member of the Company’s Board and holds an indirect minority equity interest in Cupron. On November 25, 2009, the Company entered into a stock purchase agreement with Invemed Catalyst Fund L.P. (the “Fund”). The Company agreed to purchase 628 shares at a purchase price of $7.95 (an approximate 10% discount to the closing price). The transaction closed on November 30, 2009 at a total purchase price of $4,995. Mr. Langone is the principal stockholder and CEO of Invemed Securities, Inc., which is a managing member of Invemed Catalyst Gen Par, LLC, and the general partner of the Fund. Mr. William M. Sams, another member of the Company’s Board, is a limited partner of the Fund. Neither Mr. Langone nor Mr. Sams were involved in any decisions by the Board with respect to the stock purchase agreement.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 + Details
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