XML 58 R48.htm IDEA: XBRL DOCUMENT
v3.22.1

Business Segment Information (Tables) | 9 Months Ended
--- | ---
Mar. 27, 2022
Segment Reporting [Abstract] |
Selected Financial Information for Polyester, Nylon, International and Other Segments | Selected financial information is presented below:
|  | For the Three Months Ended March 27, 2022 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 93,924 |  |  | $ | 51,277 |  |  | $ | 29,767 |  |  | $ | 24,689 |  |  | $ | 1,123 |  |  | $ | 200,780 |
Cost of sales |  |  | 90,043 |  |  |  | 43,900 |  |  |  | 23,784 |  |  |  | 22,925 |  |  |  | 984 |  |  |  | 181,636 |
Gross profit |  |  | 3,881 |  |  |  | 7,377 |  |  |  | 5,983 |  |  |  | 1,764 |  |  |  | 139 |  |  |  | 19,144 |
Segment depreciation expense |  |  | 4,642 |  |  |  | — |  |  |  | 382 |  |  |  | 441 |  |  |  | 143 |  |  |  | 5,608 |
Segment Profit |  | $ | 8,523 |  |  | $ | 7,377 |  |  | $ | 6,365 |  |  | $ | 2,205 |  |  | $ | 282 |  |  | $ | 24,752 |
|  | For the Three Months Ended March 28, 2021 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 82,668 |  |  | $ | 48,483 |  |  | $ | 25,704 |  |  | $ | 20,778 |  |  | $ | 1,233 |  |  | $ | 178,866 |
Cost of sales |  |  | 75,446 |  |  |  | 41,330 |  |  |  | 15,106 |  |  |  | 20,341 |  |  |  | 1,048 |  |  |  | 153,271 |
Gross profit |  |  | 7,222 |  |  |  | 7,153 |  |  |  | 10,598 |  |  |  | 437 |  |  |  | 185 |  |  |  | 25,595 |
Segment depreciation expense |  |  | 5,036 |  |  |  | — |  |  |  | 299 |  |  |  | 441 |  |  |  | 161 |  |  |  | 5,937 |
Segment Profit |  | $ | 12,258 |  |  | $ | 7,153 |  |  | $ | 10,897 |  |  | $ | 878 |  |  | $ | 346 |  |  | $ | 31,532 |
|  | For the Nine Months Ended March 27, 2022 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 275,809 |  |  | $ | 161,817 |  |  | $ | 91,106 |  |  | $ | 65,863 |  |  | $ | 3,587 |  |  | $ | 598,182 |
Cost of sales |  |  | 263,194 |  |  |  | 138,958 |  |  |  | 67,657 |  |  |  | 63,187 |  |  |  | 3,055 |  |  |  | 536,051 |
Gross profit |  |  | 12,615 |  |  |  | 22,859 |  |  |  | 23,449 |  |  |  | 2,676 |  |  |  | 532 |  |  |  | 62,131 |
Segment depreciation expense |  |  | 13,668 |  |  |  | — |  |  |  | 1,042 |  |  |  | 1,320 |  |  |  | 458 |  |  |  | 16,488 |
Segment Profit |  | $ | 26,283 |  |  | $ | 22,859 |  |  | $ | 24,491 |  |  | $ | 3,996 |  |  | $ | 990 |  |  | $ | 78,619 |
|  | For the Nine Months Ended March 28, 2021 |
|  | Polyester |  |  | Asia |  |  | Brazil |  |  | Nylon |  |  | All Other |  |  | Total |
Net sales |  | $ | 228,440 |  |  | $ | 130,898 |  |  | $ | 72,563 |  |  | $ | 47,815 |  |  | $ | 3,431 |  |  | $ | 483,147 |
Cost of sales |  |  | 205,691 |  |  |  | 112,639 |  |  |  | 49,375 |  |  |  | 46,318 |  |  |  | 3,034 |  |  |  | 417,057 |
Gross profit |  |  | 22,749 |  |  |  | 18,259 |  |  |  | 23,188 |  |  |  | 1,497 |  |  |  | 397 |  |  |  | 66,090 |
Segment depreciation expense |  |  | 13,909 |  |  |  | — |  |  |  | 1,050 |  |  |  | 1,321 |  |  |  | 489 |  |  |  | 16,769 |
Segment Profit |  | $ | 36,658 |  |  | $ | 18,259 |  |  | $ | 24,238 |  |  | $ | 2,818 |  |  | $ | 886 |  |  | $ | 82,859 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | The reconciliations of segment gross profit to consolidated income before income taxes are as follows:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | March 27, 2022 |  |  | March 28, 2021 |  |  | March 27, 2022 |  |  | March 28, 2021 |
Polyester |  | $ | 3,881 |  |  | $ | 7,222 |  |  | $ | 12,615 |  |  | $ | 22,749 |
Asia |  |  | 7,377 |  |  |  | 7,153 |  |  |  | 22,859 |  |  |  | 18,259 |
Brazil |  |  | 5,983 |  |  |  | 10,598 |  |  |  | 23,449 |  |  |  | 23,188 |
Nylon |  |  | 1,764 |  |  |  | 437 |  |  |  | 2,676 |  |  |  | 1,497 |
All Other |  |  | 139 |  |  |  | 185 |  |  |  | 532 |  |  |  | 397 |
Segment gross profit |  |  | 19,144 |  |  |  | 25,595 |  |  |  | 62,131 |  |  |  | 66,090 |
Selling, general and administrative expenses |  |  | 14,389 |  |  |  | 14,581 |  |  |  | 39,025 |  |  |  | 38,570 |
Benefit for bad debts |  |  | (169 | ) |  |  | (184 | ) |  |  | (489 | ) |  |  | (1,330 | )
Other operating (income) expense, net |  |  | (831 | ) |  |  | 2,582 |  |  |  | (2 | ) |  |  | 4,236 |
Operating income |  |  | 5,755 |  |  |  | 8,616 |  |  |  | 23,597 |  |  |  | 24,614 |
Interest income |  |  | (492 | ) |  |  | (159 | ) |  |  | (944 | ) |  |  | (471 | )
Interest expense |  |  | 709 |  |  |  | 885 |  |  |  | 2,140 |  |  |  | 2,589 |
Equity in earnings of unconsolidated affiliates |  |  | (41 | ) |  |  | (528 | ) |  |  | (385 | ) |  |  | (751 | )
Recovery of non-income taxes, net |  |  | 815 |  |  |  | — |  |  |  | 815 |  |  |  | — |
Income before income taxes |  | $ | 4,764 |  |  | $ | 8,418 |  |  | $ | 21,971 |  |  | $ | 23,247 |

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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