Note B - Revenue

3 Months Ended

Sep. 26, 2025

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

B. Revenue

The Company reported the following contract assets and liabilities, which are presented within trade accounts receivable, net and accrued liabilities on the condensed balance sheets. Deferred revenue represents billings in excess of cost based on milestone billings in the contract.

		Contract Assets						Contract Liabilities
		Cost in Excess		Trade Accounts		Total Contract		Customer		Deferred		Total Contract
		of Billings, Net		Receivable, Net		Assets		Deposits		Revenue		Liabilities
June 30, 2024	$	5,216	$	52,207	$	57,423	$	26,540	$	2,025	$	28,565
June 30, 2025		6,988		58,941		65,929		13,538		29,664		43,302
September 26, 2025	$	5,897	$	63,950	$	69,847	$	11,836	$	33,886	$	45,722

The Company’s contracts are generally short term in nature, and therefore, the amount included in contract liabilities at the beginning of the year was recognized as revenue in the reporting period.