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Quarterly Results (Unaudited) | 12 Months Ended
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Jun. 30, 2019
Quarterly Financial Data [Abstract] |
Quarterly Results (Unaudited) | 27. Quarterly Results (Unaudited) Quarterly financial data and selected highlights are as follows:
|  | For the Fiscal Quarter Ended |
|  | September 30, 2018 |  |  | December 30, 2018 |  |  | March 31, 2019 |  |  | June 30, 2019 |
Net sales (1) |  | $ | 181,611 |  |  | $ | 167,711 |  |  | $ | 179,989 |  |  | $ | 179,493 |
Gross profit (2) |  |  | 20,019 |  |  |  | 14,156 |  |  |  | 13,791 |  |  |  | 18,342 |
Net income (loss) (3) |  |  | 1,812 |  |  |  | 1,171 |  |  |  | (1,529 | ) |  |  | 1,002 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (4) |  | $ | 0.10 |  |  | $ | 0.06 |  |  | $ | (0.08 | ) |  | $ | 0.05 |
Diluted (4) |  | $ | 0.10 |  |  | $ | 0.06 |  |  | $ | (0.08 | ) |  | $ | 0.05 |
|  | For the Fiscal Quarter Ended |
|  | September 24, 2017 |  |  | December 24, 2017 |  |  | March 25, 2018 |  |  | June 24, 2018 |
Net sales |  | $ | 164,242 |  |  | $ | 167,478 |  |  | $ | 165,867 |  |  | $ | 181,325 |
Gross profit (5) |  |  | 23,292 |  |  |  | 22,676 |  |  |  | 16,556 |  |  |  | 23,904 |
Net income (6) |  |  | 8,960 |  |  |  | 11,802 |  |  |  | 176 |  |  |  | 10,764 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (4) |  | $ | 0.49 |  |  | $ | 0.65 |  |  | $ | 0.01 |  |  | $ | 0.59 |
Diluted (4) |  | $ | 0.48 |  |  | $ | 0.63 |  |  | $ | 0.01 |  |  | $ | 0.58 |
(1) | The fiscal quarter ended September 30, 2018 is comprised of fourteen weeks.
(2) | Gross profit for the fiscal quarter ended December 30, 2018 includes the adverse impact of a raw material cost spike that could not be effectively offset with timely corresponding selling price increases. Gross profit for the fiscal quarters ended December 30, 2018, March 31, 2019 and June 30, 2019 includes the adverse impact of significant competitive pressure caused by elevated levels of polyester textured yarn imports.
(3) | Net income for the fiscal quarter ended June 30, 2019 includes severance charges for involuntary terminations.
(4) | Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year.
(5) | Gross profit for the fiscal quarter ended March 25, 2018 includes the adverse impact of sustained raw material cost increases that could not be effectively offset with timely corresponding selling price increases.
(6) | Net income for the fiscal quarter ended June 24, 2018 includes the reversal of a $3,380 uncertain tax position relating to certain income applicable to fiscal 2015. Net income for the fiscal quarter ended December 24, 2017 includes the reversal of a $3,807 valuation allowance on certain historical NOLs.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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