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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 02, 2021
Jul. 03, 2021
ASSETS    
Cash and cash equivalents $ 1,544 $ 3,473
Trade receivables, net of allowance for doubtful accounts of $303 and $275 126,453 110,324
Contract assets 23,651 24,781
Inventory, Net 143,131 137,329
Other 29,554 23,345
Total current assets 324,333 299,252
Property, plant and equipment, net 31,198 35,735
Operating lease right-of-use assets, net 18,994 15,745
Other assets:    
Deferred income tax asset 10,252 9,656
Other 6,554 1,458
Total other assets 16,806 11,114
Total assets 391,331 361,846
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 111,659 92,823
Accrued compensation and vacation 8,476 11,471
Current portion of debt, net 3,951 2,143
Other 17,938 20,268
Total current liabilities 142,024 126,705
Long-term liabilities:    
Term loans 7,463 7,906
Revolving loan 100,760 90,362
Operating lease liabilities 13,727 11,428
Other long-term obligations 4,300 1,740
Total long-term liabilities 126,250 111,436
Total liabilities 268,274 238,141
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively 47,249 47,181
Retained earnings 75,267 74,452
Accumulated other comprehensive income 541 2,072
Total shareholders’ equity 123,057 123,705
Total liabilities and shareholders’ equity $ 391,331 $ 361,846