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Business Segment Information (Tables)
6 Months Ended
Dec. 29, 2024
Segment Reporting [Abstract]  
Selected Financial Information for Americas, Brazil and Asia Segments

Selected financial information is presented below:

 

 

For the Three Months Ended December 29, 2024

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

83,095

 

 

$

27,482

 

 

$

28,303

 

 

$

138,880

 

Cost of sales

 

 

89,635

 

 

 

23,696

 

 

 

25,015

 

 

 

138,346

 

Gross (loss) profit

 

 

(6,540

)

 

 

3,786

 

 

 

3,288

 

 

 

534

 

Segment depreciation expense

 

 

5,334

 

 

 

602

 

 

 

14

 

 

 

5,950

 

Segment (Loss) Profit

 

$

(1,206

)

 

$

4,388

 

 

$

3,302

 

 

$

6,484

 

 

 

 

For the Three Months Ended December 31, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

80,549

 

 

$

26,061

 

 

$

30,307

 

 

$

136,917

 

Cost of sales

 

 

87,287

 

 

 

22,922

 

 

 

25,072

 

 

 

135,281

 

Gross (loss) profit

 

 

(6,738

)

 

 

3,139

 

 

 

5,235

 

 

 

1,636

 

Segment depreciation expense

 

 

5,508

 

 

 

766

 

 

 

 

 

 

6,274

 

Segment (Loss) Profit

 

$

(1,230

)

 

$

3,905

 

 

$

5,235

 

 

$

7,910

 

 

 

 

For the Six Months Ended December 29, 2024

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

169,378

 

 

$

61,792

 

 

$

55,082

 

 

$

286,252

 

Cost of sales

 

 

177,296

 

 

 

50,069

 

 

 

48,895

 

 

 

276,260

 

Gross (loss) profit

 

 

(7,918

)

 

 

11,723

 

 

 

6,187

 

 

 

9,992

 

Segment depreciation expense

 

 

10,744

 

 

 

1,343

 

 

 

31

 

 

 

12,118

 

Segment Profit

 

$

2,826

 

 

$

13,066

 

 

$

6,218

 

 

$

22,110

 

 

 

 

For the Six Months Ended December 31, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

162,122

 

 

$

55,970

 

 

$

57,669

 

 

$

275,761

 

Cost of sales

 

 

176,240

 

 

 

50,664

 

 

 

47,796

 

 

 

274,700

 

Gross (loss) profit

 

 

(14,118

)

 

 

5,306

 

 

 

9,873

 

 

 

1,061

 

Segment depreciation expense

 

 

11,005

 

 

 

1,606

 

 

 

 

 

 

12,611

 

Segment (Loss) Profit

 

$

(3,113

)

 

$

6,912

 

 

$

9,873

 

 

$

13,672

 

 

 

Reconciliations of Segment Gross Profit to Consolidated Loss Before Income Taxes

The reconciliations of segment gross profit to consolidated loss before income taxes are as follows:

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

December 29, 2024

 

 

December 31, 2023

 

 

December 29, 2024

 

 

December 31, 2023

 

Americas

 

$

(6,540

)

 

$

(6,738

)

 

$

(7,918

)

 

$

(14,118

)

Brazil

 

 

3,786

 

 

 

3,139

 

 

 

11,723

 

 

 

5,306

 

Asia

 

 

3,288

 

 

 

5,235

 

 

 

6,187

 

 

 

9,873

 

Segment gross profit

 

 

534

 

 

 

1,636

 

 

 

9,992

 

 

 

1,061

 

Selling, general and administrative expenses

 

 

12,921

 

 

 

12,408

 

 

 

24,763

 

 

 

24,017

 

(Benefit) provision for bad debts

 

 

(96

)

 

 

1,289

 

 

 

216

 

 

 

1,080

 

Gain on sale of assets

 

 

(4,296

)

 

 

 

 

 

(4,296

)

 

 

 

Restructuring costs

 

 

 

 

 

5,101

 

 

 

 

 

 

5,101

 

Other operating (income) expense, net

 

 

(431

)

 

 

481

 

 

 

89

 

 

 

535

 

Operating loss

 

 

(7,564

)

 

 

(17,643

)

 

 

(10,780

)

 

 

(29,672

)

Interest income

 

 

(177

)

 

 

(697

)

 

 

(434

)

 

 

(1,278

)

Interest expense

 

 

2,398

 

 

 

2,613

 

 

 

4,905

 

 

 

5,098

 

Equity in loss (earnings) of unconsolidated affiliates

 

 

262

 

 

 

(93

)

 

 

251

 

 

 

(293

)

Loss before income taxes

 

$

(10,047

)

 

$

(19,466

)

 

$

(15,502

)

 

$

(33,199

)