XML 51 R35.htm IDEA: XBRL DOCUMENT
v3.20.2

Quarterly Results (Unaudited) | 12 Months Ended
--- | ---
Jun. 28, 2020
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 29, 2019 |  |  | December 29, 2019 |  |  | March 29, 2020 |  |  | June 28, 2020 |
Net sales (1) |  | $ | 179,949 |  |  | $ | 169,511 |  |  | $ | 170,994 |  |  | $ | 86,055 |
Gross profit (loss) (2) |  |  | 17,443 |  |  |  | 15,665 |  |  |  | 15,383 |  |  |  | (9,451 | )
Net income (loss) (3) |  |  | 3,712 |  |  |  | 409 |  |  |  | (41,111 | ) |  |  | (20,247 | )
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (4) |  | $ | 0.20 |  |  | $ | 0.02 |  |  | $ | (2.23 | ) |  | $ | (1.10 | )
Diluted (4) |  | $ | 0.20 |  |  | $ | 0.02 |  |  | $ | (2.23 | ) |  | $ | (1.10 | )
|  | For the Fiscal Quarter Ended |
|  | September 30, 2018 |  |  | December 30, 2018 |  |  | March 31, 2019 |  |  | June 30, 2019 |
Net sales (5) |  | $ | 181,611 |  |  | $ | 167,711 |  |  | $ | 179,989 |  |  | $ | 179,493 |
Gross profit (6) |  |  | 20,019 |  |  |  | 14,156 |  |  |  | 13,791 |  |  |  | 18,342 |
Net income (loss) (7) |  |  | 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 |
(1) | Net sales for the fiscal quarter ended June 28, 2020, includes the impact of global demand declines and decreased economic activity caused by the COVID-19 pandemic.
(2) | Gross loss for the fiscal quarter ended June 28, 2020 includes the adverse impact of lower fixed cost absorption in connection with the COVID-19 pandemic.
(3) | Net loss for the fiscal quarter March 29, 2020 includes the impairment charge for PAL of $45,194. Net loss for the fiscal quarter ended June 28, 2020 includes the adverse impact of the COVID-19 pandemic and severance charges for involuntary terminations.
(4) | (Loss) income per share is computed independently for each of the periods presented. The sum of the (loss) income per share amounts for the fiscal quarters may not equal the total for the fiscal year.
(5) | The fiscal quarter ended September 30, 2018 was comprised of fourteen weeks.
(6) | 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 and March 31, 2019 includes the adverse impact of significant competitive pressure caused by elevated levels of polyester textured yarn imports.
(7) | Net income for the fiscal quarter ended June 30, 2019 includes severance charges for involuntary terminations.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialDataAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration