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Business Segment Information (Tables)
6 Months Ended
Dec. 30, 2018
Segment Reporting [Abstract]  
Selected Financial Information for Polyester, Nylon, International and Other Segments

Selected financial information is presented below:

 

 

 

For the Three Months Ended December 30, 2018

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

85,789

 

 

$

22,647

 

 

$

58,237

 

 

$

1,038

 

 

$

167,711

 

Cost of sales

 

 

83,820

 

 

 

20,615

 

 

 

48,161

 

 

 

959

 

 

 

153,555

 

Gross profit

 

 

1,969

 

 

 

2,032

 

 

 

10,076

 

 

 

79

 

 

 

14,156

 

Segment depreciation expense

 

 

3,937

 

 

 

499

 

 

 

367

 

 

 

68

 

 

 

4,871

 

Segment Profit

 

$

5,906

 

 

$

2,531

 

 

$

10,443

 

 

$

147

 

 

$

19,027

 

 

 

 

For the Three Months Ended December 24, 2017

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

90,316

 

 

$

25,103

 

 

$

51,046

 

 

$

1,013

 

 

$

167,478

 

Cost of sales

 

 

81,740

 

 

 

22,027

 

 

 

40,072

 

 

 

963

 

 

 

144,802

 

Gross profit

 

 

8,576

 

 

 

3,076

 

 

 

10,974

 

 

 

50

 

 

 

22,676

 

Segment depreciation expense

 

 

3,973

 

 

 

552

 

 

 

397

 

 

 

64

 

 

 

4,986

 

Segment Profit

 

$

12,549

 

 

$

3,628

 

 

$

11,371

 

 

$

114

 

 

$

27,662

 

 

 

 

For the Six Months Ended December 30, 2018

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

185,920

 

 

$

50,596

 

 

$

110,590

 

 

$

2,216

 

 

$

349,322

 

Cost of sales

 

 

177,223

 

 

 

46,420

 

 

 

89,491

 

 

 

2,013

 

 

 

315,147

 

Gross profit

 

 

8,697

 

 

 

4,176

 

 

 

21,099

 

 

 

203

 

 

 

34,175

 

Segment depreciation expense

 

 

8,189

 

 

 

1,060

 

 

 

726

 

 

 

143

 

 

 

10,118

 

Segment Profit

 

$

16,886

 

 

$

5,236

 

 

$

21,825

 

 

$

346

 

 

$

44,293

 

 

 

 

For the Six Months Ended December 24, 2017

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

178,054

 

 

$

51,930

 

 

$

99,705

 

 

$

2,031

 

 

$

331,720

 

Cost of sales

 

 

160,565

 

 

 

45,540

 

 

 

77,733

 

 

 

1,914

 

 

 

285,752

 

Gross profit

 

 

17,489

 

 

 

6,390

 

 

 

21,972

 

 

 

117

 

 

 

45,968

 

Segment depreciation expense

 

 

7,840

 

 

 

1,089

 

 

 

813

 

 

 

129

 

 

 

9,871

 

Segment Profit

 

$

25,329

 

 

$

7,479

 

 

$

22,785

 

 

$

246

 

 

$

55,839

 

Reconciliations of Segment Gross Profit to Consolidated (loss) Income Before Income Taxes

The reconciliations of segment gross profit to consolidated (loss) income before income taxes are as follows:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

December 30, 2018

 

 

December 24, 2017

 

 

December 30, 2018

 

 

December 24, 2017

 

Polyester

 

$

1,969

 

 

$

8,576

 

 

$

8,697

 

 

$

17,489

 

Nylon

 

 

2,032

 

 

 

3,076

 

 

 

4,176

 

 

 

6,390

 

International

 

 

10,076

 

 

 

10,974

 

 

 

21,099

 

 

 

21,972

 

All Other

 

 

79

 

 

 

50

 

 

 

203

 

 

 

117

 

Segment gross profit

 

 

14,156

 

 

 

22,676

 

 

 

34,175

 

 

 

45,968

 

Selling, general and administrative expenses

 

 

14,822

 

 

 

14,626

 

 

 

29,233

 

 

 

27,489

 

Provision (benefit) for bad debts

 

 

32

 

 

 

(72

)

 

 

163

 

 

 

(131

)

Other operating expense (income), net

 

 

99

 

 

 

348

 

 

 

(141

)

 

 

663

 

Operating (loss) income

 

 

(797

)

 

 

7,774

 

 

 

4,920

 

 

 

17,947

 

Interest income

 

 

(152

)

 

 

(181

)

 

 

(299

)

 

 

(262

)

Interest expense

 

 

1,355

 

 

 

1,190

 

 

 

2,822

 

 

 

2,375

 

Loss on extinguishment of debt

 

 

131

 

 

 

 

 

 

131

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

 

(1,014

)

 

 

(211

)

 

 

(1,253

)

 

 

(3,298

)

(Loss) income before income taxes

 

$

(1,117

)

 

$

6,976

 

 

$

3,519

 

 

$

19,132

 

 

Reconciliation of Segment Total Assets to Consolidated Total Assets

The reconciliations of segment total assets to consolidated total assets are as follows:

 

 

 

December 30, 2018

 

 

June 24, 2018

 

Polyester

 

$

283,249

 

 

$

284,261

 

Nylon

 

 

61,517

 

 

 

57,378

 

International

 

 

96,648

 

 

 

95,006

 

Segment total assets

 

 

441,414

 

 

 

436,645

 

Other current assets

 

 

17,222

 

 

 

30,945

 

Other PP&E

 

 

18,740

 

 

 

17,373

 

Other non-current assets

 

 

3,389

 

 

 

4,205

 

Investments in unconsolidated affiliates

 

 

113,618

 

 

 

112,639

 

Total assets

 

$

594,383

 

 

$

601,807