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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Current Assets:    
Cash and equivalents $ 198,273 $ 196,288
Receivables 86,604 75,691
Inventories:    
Raw materials 34,374 30,647
Finished goods 50,674 55,425
Total inventories 85,048 86,072
Other current assets 15,687 10,518
Total current assets 385,612 368,569
Property, Plant and Equipment:    
Land, buildings and improvements 186,542 163,094
Machinery and equipment 388,929 340,232
Total cost 575,471 503,326
Less accumulated depreciation 282,183 256,282
Property, plant and equipment-net 293,288 247,044
Other Assets:    
Goodwill 208,371 208,371
Other intangible assets-net 65,216 70,277
Operating lease right-of-use assets 22,977 0
Other noncurrent assets 17,889 11,138
Total [1],[2] 993,353 905,399
Current Liabilities:    
Accounts payable 71,433 76,670
Accrued liabilities 54,826 43,036
Total current liabilities 126,259 119,706
Noncurrent Operating Lease Liabilities 17,893 0
Other Noncurrent Liabilities 31,661 35,938
Deferred Income Taxes 34,240 22,882
Commitments and Contingencies
Shareholders' Equity:    
Preferred stock-authorized 3,050,000 shares; outstanding-none
Common stock-authorized 75,000,000 shares; outstanding-2020-27,523,935 shares; 2019-27,491,497 shares 125,153 122,844
Retained earnings 1,421,121 1,359,782
Accumulated other comprehensive loss (12,070) (10,308)
Common stock in treasury, at cost (750,904) (745,445)
Total shareholders' equity 783,300 726,873
Total $ 993,353 $ 905,399
[1]
Net sales and long-lived assets are predominately domestic.
[2]
Retail and Foodservice identifiable assets include those assets used in our operations and other intangible assets allocated to purchased businesses. Corporate assets consist principally of cash and equivalents. The increase in Retail and Foodservice identifiable assets from June 30, 2019 to June 30, 2020 reflected property additions, notably a capacity expansion project at our frozen dinner roll facility in Horse Cave, Kentucky, as well as operating lease right-of-use assets recorded in 2020 due to the adoption of new accounting guidance. The increase in Retail and Foodservice identifiable assets from June 30, 2018 to June 30, 2019 was due to the acquisitions of Bantam and Omni.