XML 43 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jun. 27, 2020
Income Statement [Abstract]      
Net sales $ 531,815 $ 518,698 $ 449,480
Cost of Goods and Services Sold 488,601 476,659 414,231
Gross profit 43,214 42,039 35,249
Operating expenses      
Research, development and engineering expenses 9,821 9,790 7,391
Selling, general and administrative expenses 24,598 22,723 21,030
Total operating expenses 34,419 32,513 28,421
Operating income 8,795 9,526 6,828
Interest expense, net 5,104 3,613 2,509
Income before income taxes 3,691 5,913 4,319
Income tax provision (benefit) 314 1,572 (439)
Net income $ 3,377 $ 4,341 $ 4,758
Earnings per share:      
Net income per share — Basic $ 0.31 $ 0.40 $ 0.44
Weighted average shares outstanding– basic 10,762 10,760 10,760
Net income per share — Diluted $ 0.31 $ 0.39 $ 0.44
Weighted average shares outstanding — Diluted 11,063 11,046 10,816