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v3.19.3.a.u2

Business Segment Information (Tables) | 6 Months Ended
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Dec. 29, 2019
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 29, 2019 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 82,750 |  |  | $ | 17,084 |  |  | $ | 20,862 |  |  | $ | 47,918 |  |  | $ | 897 |  |  | $ | 169,511 |
Cost of sales |  |  | 76,090 |  |  |  | 17,038 |  |  |  | 17,432 |  |  |  | 42,401 |  |  |  | 885 |  |  |  | 153,846 |
Gross profit |  |  | 6,660 |  |  |  | 46 |  |  |  | 3,430 |  |  |  | 5,517 |  |  |  | 12 |  |  |  | 15,665 |
Segment depreciation expense |  |  | 4,183 |  |  |  | 503 |  |  |  | 357 |  |  |  | — |  |  |  | 124 |  |  |  | 5,167 |
Segment Profit |  | $ | 10,843 |  |  | $ | 549 |  |  | $ | 3,787 |  |  | $ | 5,517 |  |  | $ | 136 |  |  | $ | 20,832 |
|  | For the Three Months Ended December 30, 2018 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 85,789 |  |  | $ | 22,647 |  |  | $ | 24,234 |  |  | $ | 34,003 |  |  | $ | 1,038 |  |  | $ | 167,711 |
Cost of sales |  |  | 82,477 |  |  |  | 20,615 |  |  |  | 19,825 |  |  |  | 29,679 |  |  |  | 959 |  |  |  | 153,555 |
Gross profit |  |  | 3,312 |  |  |  | 2,032 |  |  |  | 4,409 |  |  |  | 4,324 |  |  |  | 79 |  |  |  | 14,156 |
Segment depreciation expense |  |  | 3,937 |  |  |  | 499 |  |  |  | 367 |  |  |  | — |  |  |  | 68 |  |  |  | 4,871 |
Segment Profit |  | $ | 7,249 |  |  | $ | 2,531 |  |  | $ | 4,776 |  |  | $ | 4,324 |  |  | $ | 147 |  |  | $ | 19,027 |
|  | For the Six Months Ended December 29, 2019 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 171,445 |  |  | $ | 37,286 |  |  | $ | 45,034 |  |  | $ | 93,875 |  |  | $ | 1,820 |  |  | $ | 349,460 |
Cost of sales |  |  | 156,990 |  |  |  | 36,062 |  |  |  | 37,445 |  |  |  | 84,076 |  |  |  | 1,779 |  |  |  | 316,352 |
Gross profit |  |  | 14,455 |  |  |  | 1,224 |  |  |  | 7,589 |  |  |  | 9,799 |  |  |  | 41 |  |  |  | 33,108 |
Segment depreciation expense |  |  | 8,224 |  |  |  | 994 |  |  |  | 732 |  |  |  | — |  |  |  | 163 |  |  |  | 10,113 |
Segment Profit |  | $ | 22,679 |  |  | $ | 2,218 |  |  | $ | 8,321 |  |  | $ | 9,799 |  |  | $ | 204 |  |  | $ | 43,221 |
|  | For the Six Months Ended December 30, 2018 |
|  | Polyester |  |  | Nylon |  |  | Brazil |  |  | Asia |  |  | All Other |  |  | Total |
Net sales |  | $ | 185,920 |  |  | $ | 50,596 |  |  | $ | 51,147 |  |  | $ | 59,443 |  |  | $ | 2,216 |  |  | $ | 349,322 |
Cost of sales |  |  | 174,807 |  |  |  | 46,420 |  |  |  | 40,320 |  |  |  | 51,587 |  |  |  | 2,013 |  |  |  | 315,147 |
Gross profit |  |  | 11,113 |  |  |  | 4,176 |  |  |  | 10,827 |  |  |  | 7,856 |  |  |  | 203 |  |  |  | 34,175 |
Segment depreciation expense |  |  | 8,189 |  |  |  | 1,060 |  |  |  | 726 |  |  |  | — |  |  |  | 143 |  |  |  | 10,118 |
Segment Profit |  | $ | 19,302 |  |  | $ | 5,236 |  |  | $ | 11,553 |  |  | $ | 7,856 |  |  | $ | 346 |  |  | $ | 44,293 |
Reconciliations of Segment Gross Profit to Consolidated Income (loss) Before Income Taxes | The reconciliations of segment gross profit to consolidated income (loss) before income taxes are as follows:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | December 29, 2019 |  |  | December 30, 2018 |  |  | December 29, 2019 |  |  | December 30, 2018 |
Polyester |  | $ | 6,660 |  |  | $ | 3,312 |  |  | $ | 14,455 |  |  | $ | 11,113 |
Nylon |  |  | 46 |  |  |  | 2,032 |  |  |  | 1,224 |  |  |  | 4,176 |
Brazil |  |  | 3,430 |  |  |  | 4,409 |  |  |  | 7,589 |  |  |  | 10,827 |
Asia |  |  | 5,517 |  |  |  | 4,324 |  |  |  | 9,799 |  |  |  | 7,856 |
All Other |  |  | 12 |  |  |  | 79 |  |  |  | 41 |  |  |  | 203 |
Segment gross profit |  |  | 15,665 |  |  |  | 14,156 |  |  |  | 33,108 |  |  |  | 34,175 |
Selling, general and administrative expenses |  |  | 12,508 |  |  |  | 14,822 |  |  |  | 23,488 |  |  |  | 29,233 |
(Benefit) provision for bad debts |  |  | (258 | ) |  |  | 32 |  |  |  | (249 | ) |  |  | 163 |
Other operating expense (income), net |  |  | 854 |  |  |  | 99 |  |  |  | 962 |  |  |  | (141 | )
Operating income (loss) |  |  | 2,561 |  |  |  | (797 | ) |  |  | 8,907 |  |  |  | 4,920 |
Interest income |  |  | (212 | ) |  |  | (152 | ) |  |  | (422 | ) |  |  | (299 | )
Interest expense |  |  | 1,101 |  |  |  | 1,355 |  |  |  | 2,358 |  |  |  | 2,822 |
Loss on extinguishment of debt |  |  | — |  |  |  | 131 |  |  |  | — |  |  |  | 131 |
Equity in loss (earnings) of unconsolidated affiliates |  |  | 756 |  |  |  | (1,014 | ) |  |  | 1,622 |  |  |  | (1,253 | )
Income (loss) before income taxes |  | $ | 916 |  |  | $ | (1,117 | ) |  | $ | 5,349 |  |  | $ | 3,519 |
Reconciliation of Segment Total Assets to Consolidated Total Assets | The reconciliations of segment total assets to consolidated total assets are as follows:
|  | December 29, 2019 |  |  | June 30, 2019 |
Polyester |  | $ | 289,321 |  |  | $ | 287,608 |
Nylon |  |  | 51,888 |  |  |  | 57,055 |
Brazil |  |  | 66,020 |  |  |  | 67,490 |
Asia |  |  | 46,088 |  |  |  | 35,219 |
Segment total assets |  |  | 453,317 |  |  |  | 447,372 |
Other current assets |  |  | 12,359 |  |  |  | 10,327 |
Other PP&E |  |  | 23,993 |  |  |  | 18,664 |
Other non-current operating lease assets |  |  | 1,626 |  |  |  | — |
Other non-current assets |  |  | 1,651 |  |  |  | 1,468 |
Investments in unconsolidated affiliates |  |  | 102,261 |  |  |  | 114,320 |
Total assets |  | $ | 595,207 |  |  | $ | 592,151 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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