XML 154 R138.htm IDEA: XBRL DOCUMENT v3.20.2
Quarterly Results (Unaudited) - Schedule of Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 28, 2020
Mar. 29, 2020
Dec. 29, 2019
Sep. 29, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 30, 2018
Sep. 30, 2018
Jun. 28, 2020
Jun. 28, 2020
Jun. 30, 2019
Jun. 24, 2018
Quarterly Financial Data [Abstract]                        
Net sales $ 86,055 [1] $ 170,994 [1] $ 169,511 [1] $ 179,949 [1] $ 179,493 [2] $ 179,989 [2] $ 167,711 [2] $ 181,611 [2] $ 606,509 $ 606,509 $ 708,804 $ 678,912
Gross profit (9,451) [3] 15,383 [3] 15,665 [3] 17,443 [3] 18,342 [4] 13,791 [4] 14,156 [4] 20,019 [4] $ 39,040 39,040 66,308 86,428
Net income (loss) $ (20,247) [5] $ (41,111) [5] $ 409 [5] $ 3,712 [5] $ 1,002 [6] $ (1,529) [6] $ 1,171 [6] $ 1,812 [6]   $ (57,237) $ 2,456 $ 31,702
Basic $ (1.10) [7] $ (2.23) [7] $ 0.02 [7] $ 0.20 [7] $ 0.05 [7] $ (0.08) [7] $ 0.06 [7] $ 0.10 [7]   $ (3.10) $ 0.13 $ 1.73
Diluted $ (1.10) [7] $ (2.23) [7] $ 0.02 [7] $ 0.20 [7] $ 0.05 [7] $ (0.08) [7] $ 0.06 [7] $ 0.10 [7]   $ (3.10) $ 0.13 $ 1.70
Net (loss) income $ (20,247) [5] $ (41,111) [5] $ 409 [5] $ 3,712 [5] $ 1,002 [6] $ (1,529) [6] $ 1,171 [6] $ 1,812 [6]   $ (57,237) $ 2,456 $ 31,702
[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] The fiscal quarter ended September 30, 2018 was comprised of fourteen weeks.
[3] 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.
[4] 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.
[5] 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.
[6] Net income for the fiscal quarter ended June 30, 2019 includes severance charges for involuntary terminations.
[7] (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.