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Note 6 - Other Current Assets | 3 Months Ended
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Sep. 27, 2015
Disclosure Text Block Supplement [Abstract] |
Other Current Assets [Text Block] | 6. Other Current Assets Other current assets consists of the following:
|  | September 27, 2015 |  |  | June 28, 2015 |
Prepaid expenses |  | $ | 1,931 |  |  | $ | 1,647 |
Vendor deposits |  |  | 1,040 |  |  |  | 1,743 |
Funds held by qualified intermediary |  |  | — |  |  |  | 1,390 |
Value added taxes receivable |  |  | 613 |  |  |  | 1,220 |
Other |  |  | 13 |  |  |  | 22 |
Total other current assets |  | $ | 3,597 |  |  | $ | 6,022 |
Vendor deposits primarily relate to down payments made toward the purchase of raw materials by the Company’s U.S., Brazilian and Chinese operations. Value added taxes receivable are recoverable taxes associated with 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, marketing and information technology services. During June 2015, the Company sold certain land and building assets historically utilized for warehousing in the Polyester Segment to an unrelated third party. Net proceeds from the sale of $1,390 were remitted directly to a qualified intermediary in anticipation of an exchange under section 1031 of the Internal Revenue Code of 1986, as amended (“Internal Revenue Code”). Such funds were utilized during August 2015 to complete an exchange and purchase certain land and building assets for use in the Polyester Segment from an unrelated third party.

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