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Business Segment Information (Tables)
3 Months Ended
Sep. 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 September 29, 2024

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

86,283

 

 

$

34,310

 

 

$

26,779

 

 

$

147,372

 

Cost of sales

 

 

87,661

 

 

 

26,373

 

 

 

23,880

 

 

 

137,914

 

Gross (loss) profit

 

 

(1,378

)

 

 

7,937

 

 

 

2,899

 

 

 

9,458

 

Segment depreciation expense

 

 

5,410

 

 

 

741

 

 

 

17

 

 

 

6,168

 

Segment Profit

 

$

4,032

 

 

$

8,678

 

 

$

2,916

 

 

$

15,626

 

 

 

 

For the Three Months Ended October 1, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

81,573

 

 

$

29,909

 

 

$

27,362

 

 

$

138,844

 

Cost of sales

 

 

88,953

 

 

 

27,742

 

 

 

22,724

 

 

 

139,419

 

Gross (loss) profit

 

 

(7,380

)

 

 

2,167

 

 

 

4,638

 

 

 

(575

)

Segment depreciation expense

 

 

5,497

 

 

 

840

 

 

 

 

 

 

6,337

 

Segment (Loss) Profit

 

$

(1,883

)

 

$

3,007

 

 

$

4,638

 

 

$

5,762

 

 

Reconciliations of Segment Gross Profit (Loss) to Consolidated Loss Before Income Taxes

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

 

 

For the Three Months Ended

 

 

 

September 29, 2024

 

 

October 1, 2023

 

Americas

 

$

(1,378

)

 

$

(7,380

)

Brazil

 

 

7,937

 

 

 

2,167

 

Asia

 

 

2,899

 

 

 

4,638

 

Segment gross profit (loss)

 

 

9,458

 

 

 

(575

)

Selling, general and administrative expenses

 

 

11,842

 

 

 

11,609

 

Provision (benefit) for bad debts

 

 

312

 

 

 

(209

)

Other operating expense, net

 

 

520

 

 

 

54

 

Operating loss

 

 

(3,216

)

 

 

(12,029

)

Interest income

 

 

(257

)

 

 

(581

)

Interest expense

 

 

2,507

 

 

 

2,485

 

Equity in earnings of unconsolidated affiliates

 

 

(11

)

 

 

(200

)

Loss before income taxes

 

$

(5,455

)

 

$

(13,733

)