XML 44 R35.htm IDEA: XBRL DOCUMENT
v3.22.4

Business Segment Information (Tables) | 6 Months Ended
--- | ---
Jan. 01, 2023
Segment Reporting [Abstract] |
Selected Financial Information for Polyester, Nylon, International and Other Segments | Selected financial information is presented below:
|  | For the Three Months Ended January 1, 2023 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 85,242 |  |  | $ | 25,687 |  |  | $ | 25,283 |  |  | $ | 136,212 |
Cost of sales |  |  | 98,326 |  |  |  | 24,357 |  |  |  | 21,529 |  |  |  | 144,212 |
Gross (loss) profit |  |  | (13,084 | ) |  |  | 1,330 |  |  |  | 3,754 |  |  |  | (8,000 | )
Segment depreciation expense |  |  | 5,542 |  |  |  | 391 |  |  |  | — |  |  |  | 5,933 |
Segment (Loss) Profit |  | $ | (7,542 | ) |  | $ | 1,721 |  |  | $ | 3,754 |  |  | $ | (2,067 | )
|  | For the Three Months Ended December 26, 2021 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 114,697 |  |  | $ | 27,601 |  |  | $ | 59,112 |  |  | $ | 201,410 |
Cost of sales |  |  | 113,844 |  |  |  | 20,075 |  |  |  | 50,601 |  |  |  | 184,520 |
Gross profit |  |  | 853 |  |  |  | 7,526 |  |  |  | 8,511 |  |  |  | 16,890 |
Segment depreciation expense |  |  | 5,145 |  |  |  | 277 |  |  |  | — |  |  |  | 5,422 |
Segment Profit |  | $ | 5,998 |  |  | $ | 7,803 |  |  | $ | 8,511 |  |  | $ | 22,312 |
|  | For the Six Months Ended January 1, 2023 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 192,886 |  |  | $ | 64,566 |  |  | $ | 58,279 |  |  | $ | 315,731 |
Cost of sales |  |  | 210,839 |  |  |  | 56,449 |  |  |  | 49,880 |  |  |  | 317,168 |
Gross (loss) profit |  |  | (17,953 | ) |  |  | 8,117 |  |  |  | 8,399 |  |  |  | (1,437 | )
Segment depreciation expense |  |  | 11,022 |  |  |  | 861 |  |  |  | — |  |  |  | 11,883 |
Segment (Loss) Profit |  | $ | (6,931 | ) |  | $ | 8,978 |  |  | $ | 8,399 |  |  | $ | 10,446 |
|  | For the Six Months Ended December 26, 2021 |
|  | Americas |  |  | Brazil |  |  | Asia |  |  | Total |
Net sales |  | $ | 225,523 |  |  | $ | 61,339 |  |  | $ | 110,540 |  |  | $ | 397,402 |
Cost of sales |  |  | 215,484 |  |  |  | 43,873 |  |  |  | 95,058 |  |  |  | 354,415 |
Gross profit |  |  | 10,039 |  |  |  | 17,466 |  |  |  | 15,482 |  |  |  | 42,987 |
Segment depreciation expense |  |  | 10,220 |  |  |  | 660 |  |  |  | — |  |  |  | 10,880 |
Segment Profit |  | $ | 20,259 |  |  | $ | 18,126 |  |  | $ | 15,482 |  |  | $ | 53,867 |
Reconciliations of Segment Gross Profit to Consolidated (loss) Income Before Income Taxes | The reconciliations of segment gross (loss) profit to consolidated (loss) income before income taxes are as follows:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | January 1, 2023 |  |  | December 26, 2021 |  |  | January 1, 2023 |  |  | December 26, 2021 |
Americas |  | $ | (13,084 | ) |  | $ | 853 |  |  | $ | (17,953 | ) |  | $ | 10,039 |
Brazil |  |  | 1,330 |  |  |  | 7,526 |  |  |  | 8,117 |  |  |  | 17,466 |
Asia |  |  | 3,754 |  |  |  | 8,511 |  |  |  | 8,399 |  |  |  | 15,482 |
Segment gross (loss) profit |  |  | (8,000 | ) |  |  | 16,890 |  |  |  | (1,437 | ) |  |  | 42,987 |
Selling, general and administrative expenses |  |  | 11,748 |  |  |  | 11,966 |  |  |  | 23,521 |  |  |  | 24,636 |
(Benefit) provision for bad debts |  |  | (156 | ) |  |  | (240 | ) |  |  | 18 |  |  |  | (320 | )
Other operating expense (income), net |  |  | 226 |  |  |  | 573 |  |  |  | (463 | ) |  |  | 829 |
Operating (loss) income |  |  | (19,818 | ) |  |  | 4,591 |  |  |  | (24,513 | ) |  |  | 17,842 |
Interest income |  |  | (514 | ) |  |  | (194 | ) |  |  | (1,061 | ) |  |  | (452 | )
Interest expense |  |  | 1,889 |  |  |  | 735 |  |  |  | 3,136 |  |  |  | 1,431 |
Equity in earnings of unconsolidated affiliates |  |  | (86 | ) |  |  | (64 | ) |  |  | (381 | ) |  |  | (344 | )
(Loss) income before income taxes |  | $ | (21,107 | ) |  | $ | 4,114 |  |  | $ | (26,207 | ) |  | $ | 17,207 |

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&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