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Note 6 - Other Current Assets

3 Months Ended

Sep. 29, 2013

Other Current Assets Disclosure [Abstract]

Other Current Assets Disclosure [Text Block]

6. Other Current Assets

Other current assets consist of the following:

	September 29, 2013		June 30, 2013
Vendor deposits	$	5,386	$	2,633
Value added taxes receivable		1,695		1,729
Prepaid expenses		1,388		1,376
Other investments		189		166
Other		10		9
Total other current assets	$	8,668	$	5,913

Vendor deposits primarily relate to down payments made toward the purchase of raw materials by the Company’s U.S., Brazilian and Chinese operations from Asian vendors and a deposit with a domestic utility company. 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 by the Company’s Colombian subsidiary within an investment fund of a financial institution located in Colombia that is currently being liquidated. The Company was notified of this liquidation in December 2012 and the Company no longer has immediate access to these funds. The total amounts transferred to Other investments at the time of the notification were $1,743. To date, the Company has received payments in accordance with the court mandated schedule of $835 plus interest. The total net carrying value of the Company’s investment, net of previously recorded write-downs related to this investment, was $707 at September 29, 2013 of which $189 is expected to be received within the next twelve months.