Investments

This caption represents the Company’s investments in unconsolidated affiliated companies consisting of its 30% and 50% owned joint ventures. Such investments are accounted for under the equity method of accounting. As of December 30, 2012 and July 1, 2012, the Company's investment in these joint ventures totaled $20.3 million and $22.2 million, respectively.

Combined financial information of the unconsolidated affiliated companies accounted for by the equity method, generally on a lag of 3 months or less, was as follows (in thousands):

Unaudited results of operations of unconsolidated affiliated companies for the three and six months ended December 30, 2012 and January 1, 2012:



	Three Months Ended				Six Months Ended
	December 30, 2012		January 1, 2012		December 30, 2012	January 1, 2012
Results of Operations:
Sales	$	29,858	$	32,262	58,791	64,577
Cost of Goods Sold	24,702		25,843		49,377	51,474
Gross Profit	$	5,156	$	6,419	9,414	13,103
Net Income	$	1,886	$	2,455	3,128	5,225

Unaudited balance sheets of unconsolidated affiliated companies as of December 30, 2012 and July 1, 2012:



	December 30, 2012		July 1, 2012
Financial Position:
Assets:
Current Assets	$	53,622	$	52,948
Noncurrent Assets	17,667		16,944
	71,289		69,892
Liabilities:
Current Liabilities	$	21,347	$	15,346
Noncurrent Liabilities	3,506		4,016
	24,853		19,362
Equity	$	46,436	$	50,530

Net sales to equity method investees were approximately $0.5 million and $1.1 million for the six months ended December 30, 2012 and January 1, 2012, respectively. Purchases of finished products from equity method investees were approximately $56.6 million and $61.7 million for the six months ended December 30, 2012 and January 1, 2012, respectively.