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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 03, 2021
Jun. 27, 2020
ASSETS    
Cash and cash equivalents $ 1,281 $ 553
Trade receivables, net of allowance for doubtful accounts of $247 and $609 112,914 86,123
Contract assets 19,435 23,753
Inventory, Net 130,396 115,020
Other 19,750 17,315
Total current assets 283,776 242,764
Property, plant and equipment, net 36,622 31,764
Operating lease right-of-use assets, net 16,869 17,568
Other assets:    
Deferred income tax asset 8,258 10,178
Other 1,415 2,587
Total other assets 9,673 12,765
Total assets 346,940 304,861
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 83,133 80,204
Accrued compensation and vacation 9,361 10,428
Current portion of debt, net 1,706 7,508
Other 18,110 14,079
Total current liabilities 112,310 112,219
Long-term liabilities:    
Term loans 8,771 3,258
Revolving loan 89,439 60,094
Operating lease liabilities 11,761 12,624
Deferred income tax liability 153 234
Other long-term obligations 1,046 875
Total long-term liabilities 111,170 77,085
Total liabilities 223,480 189,304
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,761 and 10,760 shares, respectively 47,121 46,946
Retained earnings 74,277 70,111
Accumulated other comprehensive income (loss) 2,062 (1,500)
Total shareholders’ equity 123,460 115,557
Total liabilities and shareholders’ equity $ 346,940 $ 304,861