XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Apr. 02, 2023
Apr. 03, 2022
Income Statement [Abstract]        
NET SALES $ 166,776 $ 169,343 $ 495,480 $ 444,393
COST OF SALES 124,178 125,269 368,682 333,376
GROSS PROFIT 42,598 44,074 126,798 111,017
OPERATING EXPENSES:        
Selling and marketing 3,927 3,017 10,748 9,966
General and administrative 9,156 8,964 26,874 26,881
Amortization of other intangible assets 489 489 1,467 1,467
Goodwill impairment 0 0 0 1,100
Total operating expenses 13,572 12,470 39,089 39,414
OPERATING INCOME 29,026 31,604 87,709 71,603
OTHER INCOME (EXPENSE):        
Interest expense (695) (341) (1,923) (1,080)
Interest income 1,195 0 1,967 0
INCOME BEFORE INCOME TAX EXPENSE 29,526 31,263 87,753 70,523
INCOME TAX EXPENSE 6,744 6,957 20,353 16,126
Net income from continuing operations 22,782 24,306 67,400 54,397
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX (Note 3) (272) (3,371) (21,139) (7,674)
NET INCOME $ 22,510 $ 20,935 $ 46,261 $ 46,723
Basic        
Continuing operations $ 1.30 $ 1.33 $ 3.80 $ 2.92
Discontinued operations (0.02) (0.19) (1.19) (0.41)
Net income 1.28 1.14 2.61 2.51
Diluted        
Continuing operations 1.28 1.31 3.78 2.89
Discontinued operations (0.01) (0.18) (1.19) (0.40)
Net income $ 1.27 $ 1.13 $ 2.59 $ 2.49
WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF:        
Basic earnings per share 17,559,920 18,295,949 17,725,208 18,622,878
Diluted earnings per share 17,748,910 18,487,346 17,851,655 18,796,867