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Note 24 - Commitments and Contingencies | 12 Months Ended
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Jun. 28, 2015
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies Disclosure [Text Block] | 24. Commitments and Contingencies Collective Bargaining Agreements While employees of the Company’s Brazilian operations are unionized, none of the labor force employed by the Company’s domestic or other foreign subsidiaries is currently covered by a collective bargaining agreement. Environmental On September 30, 2004, the Company completed its acquisition of the polyester filament manufacturing assets located in Kinston, North Carolina from INVISTA S.a.r.l (“Invista”). The land for the Kinston site was leased pursuant to a 99 year ground lease (“Ground Lease”) with E.I. DuPont de Nemours (“DuPont”). Since 1993, DuPont has been investigating and cleaning up the Kinston site under the supervision of the U.S. Environmental Protection Agency (“EPA”) and the North Carolina Department of Environment and Natural Resources (“DENR”) pursuant to the Resource Conservation and Recovery Act Corrective Action program. The Corrective Action program requires DuPont to identify all potential areas of environmental concern (“AOCs”), assess the extent of containment at the identified AOCs and to clean it up to comply with applicable regulatory standards. Effective March 20, 2008, the Company entered into a Lease Termination Agreement associated with conveyance of certain assets at Kinston to DuPont. This agreement terminated the Ground Lease and relieved the Company of any future responsibility for environmental remediation, other than participation with DuPont, if so called upon, with regard to the Company’s period of operation of the Kinston site which was from 2004 to 2008. However, the Company continues to own a satellite service facility acquired in the INVISTA transaction that has contamination from DuPont’s operations and is monitored by DENR. This site has been remediated by DuPont, and DuPont has received authority from DENR to discontinue remediation, other than natural attenuation. DuPont’s duty to monitor and report to DENR will be transferred to the Company in the future, at which time DuPont must pay the Company for seven years of monitoring and reporting costs and the Company will assume responsibility for any future remediation and monitoring of the site. At this time, the Company has no basis to determine if or when it will have any responsibility or obligation with respect to the AOCs or the extent of any potential liability for the same. Operating Leases The Company routinely leases sales and administrative office space, warehousing and distribution centers, manufacturing space, transportation equipment, manufacturing equipment, and other information technology and office equipment from third parties. In addition, Renewables leases farm land. Currently, the Company does not sub-lease any of its leased property. Future minimum capital lease payments and future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of June 28, 2015 for the below fiscal years are:
|  | Capital leases |  |  | Operating leases |
Fiscal year 2016 |  | $ | 3,935 |  |  | $ | 2,547 |
Fiscal year 2017 |  |  | 3,904 |  |  |  | 1,913 |
Fiscal year 2018 |  |  | 3,632 |  |  |  | 1,482 |
Fiscal year 2019 |  |  | 3,423 |  |  |  | 739 |
Fiscal year 2020 |  |  | 1,787 |  |  |  | 34 |
Fiscal years thereafter |  |  | 1,422 |  |  |  | 12 |
Total minimum lease payments |  | $ | 18,103 |  |  | $ | 6,727 |
Less estimated executory costs |  |  | (930 | ) |  |  |  |
Less interest |  |  | (1,438 | ) |  |  |  |
Present value of net minimum capital lease payments |  |  | 15,735 |  |  |  |  |
Less current portion of capital lease obligations |  |  | (3,385 | ) |  |  |  |
Long-term portion of capital lease obligations |  | $ | 12,350 |  |  |  |  |
Rental expenses incurred under operating leases and included in operating income consist of the following:
|  | For the Fiscal Years Ended |
|  | June 28, 2015 |  |  | June 29, 2014 |  |  | June 30, 2013 |
Rental expenses |  | $ | 4,214 |  |  | $ | 3,621 |  |  | $ | 3,412 |
Unconditional Obligations The Company is a party to unconditional obligations for certain utility, equipment purchase and other purchase or service commitments. These commitments are non-cancelable, have remaining terms in excess of one year and qualify as normal purchases. On a fiscal year basis, the minimum payments expected to be made as part of such commitments are as follows:
|  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | Thereafter |
Unconditional purchase obligations |  | $ | 7,352 |  |  | $ | 6,458 |  |  | $ | 4,294 |  |  | $ | 2,224 |  |  | $ | 1,212 |  |  | $ | — |
Unconditional service obligations |  |  | 438 |  |  |  | 385 |  |  |  | 176 |  |  |  | — |  |  |  | — |  |  |  | — |
Total unconditional obligations |  | $ | 7,790 |  |  | $ | 6,843 |  |  | $ | 4,470 |  |  | $ | 2,224 |  |  | $ | 1,212 |  |  | $ | — |
For fiscal years 2015, 2014 and 2013, total costs incurred under these commitments consisted of the following:
|  | For the Fiscal Years Ended |
|  | June 28, 2015 |  |  | June 29, 2014 |  |  | June 30, 2013 |
Costs for unconditional purchase obligations |  | $ | 28,971 |  |  | $ | 31,386 |  |  | $ | 31,953 |
Costs for unconditional service obligations |  |  | 7,625 |  |  |  | 5,932 |  |  |  | 5,679 |
Total |  | $ | 36,596 |  |  | $ | 37,318 |  |  | $ | 37,632 |

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