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Quarterly Results (Unaudited) | 12 Months Ended
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Jul. 02, 2023
Quarterly Financial Data [Abstract] |
Quarterly Results (Unaudited) | 25. Quarterly Results (Unaudited) Quarterly financial data and selected highlights are as follows:
|  | For the Fiscal Quarter Ended |
|  | October 2, 2022 |  |  | January 1, 2023 |  |  | April 2, 2023 |  |  | July 2, 2023 |
Net sales (1) |  | $ | 179,519 |  |  | $ | 136,212 |  |  | $ | 156,738 |  |  | $ | 151,058 |
Gross profit (loss) (2) |  |  | 6,563 |  |  |  | (8,000 | ) |  |  | 9,653 |  |  |  | 6,025 |
Net (loss) income (3) |  |  | (7,834 | ) |  |  | (18,037 | ) |  |  | (5,184 | ) |  |  | (15,289 | )
Net (loss) income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic (4) |  | $ | (0.44 | ) |  | $ | (1.00 | ) |  | $ | (0.29 | ) |  | $ | (0.85 | )
Diluted (4) |  | $ | (0.44 | ) |  | $ | (1.00 | ) |  | $ | (0.29 | ) |  | $ | (0.85 | )
|  | For the Fiscal Quarter Ended |
|  | September 26, 2021 |  |  | December 26, 2021 |  |  | March 27, 2022 |  |  | July 3, 2022 |
Net sales (5) |  | $ | 195,992 |  |  | $ | 201,410 |  |  | $ | 200,780 |  |  | $ | 217,576 |
Gross profit (6) |  |  | 26,097 |  |  |  | 16,890 |  |  |  | 19,144 |  |  |  | 18,354 |
Net income (7) |  |  | 8,680 |  |  |  | 929 |  |  |  | 2,066 |  |  |  | 3,496 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic (4) |  | $ | 0.47 |  |  | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | 0.19 |
Diluted (4) |  | $ | 0.46 |  |  | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | 0.19 |
(1) Net sales for all fiscal quarters of fiscal 2023 includes adverse demand pressures in the Americas and Asia Segments. (2) Gross profit for our domestic operations for all fiscal quarters of fiscal 2023 was impacted by lower production volumes driving weaker fixed cost absorption in connection with lower sales volumes. (3) Net loss for our domestic operations for all fiscal quarters of fiscal 2023 includes the adverse pressures on gross profit. Net loss for the fourth quarter of fiscal 2023 includes an impairment further described in Note 9, "Property, Plant and Equipment, Net." (4) Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year. (5) The fiscal quarter ending July 3, 2022 included an additional week of sales of approximately $8,700. (6) Gross profit for our domestic operations for all fiscal quarters of fiscal 2022 includes adverse pressures from (i) higher raw material costs, (ii) rising input costs, and (iii) the weakening of labor productivity. (7) Net income for our domestic operations for all fiscal quarters of fiscal 2022 includes the adverse pressures on gross profit.

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- 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://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//270/tableOfContent + Details
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