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Note 7 - Other Current Assets
6 Months Ended
Dec. 23, 2012
Other Current Assets Disclosure [Text Block]
7.  Other Current Assets

Other current assets consist of the following:

   
December 23, 2012
   
June 24, 2012
 
Vendor deposits
  $ 2,661     $ 2,076  
Value added taxes receivable
    2,166       2,495  
Prepaid expenses
    1,843       1,778  
Other investments
    698        
Assets held for sale
    341       341  
Other
    5       32  
Total other current assets
  $ 7,714     $ 6,722  

Vendor deposits primarily relate to down payments made towards the purchase of raw materials by the U.S. and Brazilian operations from Asia. Value added taxes receivable are recoverable taxes associated with the sales and purchase activities of the Company’s foreign operations.  Prepaid expenses consist of advance payments for insurance, professional fees, membership dues, subscriptions, non-income related tax payments and information technology services.  Other investments relate to cash held in the Company’s Colombian subsidiary that are within an investment fund that is being liquidated.  The Company was notified of this liquidation in December 2012 and the Company no longer has immediate access to these amounts. The total of Company amounts held by the fund was $1,620 at December 23, 2012.  The amounts expected to be received in calendar year 2013 under a payment schedule agreed to by the fund’s investors have been recorded in Other current assets, with the remainder recorded in Other non-current assets.  As of December 23, 2012, all amounts are considered collectible.  Assets held for sale relate to certain nylon warehouse, land and other improvements located in Fort Payne, Alabama that are currently listed for sale.  Other includes miscellaneous employee advances and unrealized foreign currency gains.