XML 45 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 27, 2015
Jun. 28, 2014
Current assets:    
Cash and cash equivalents $ 372,000 $ 5,803,000
Trade receivables, net of allowance for doubtful accounts of $97 and $0 72,852,000 49,658,000
Inventories 91,594,000 55,634,000
Deferred income tax asset 6,643,000 935,000
Other 13,646,000 11,186,000
Total current assets 185,107,000 123,216,000
Property, plant and equipment, net 26,974,000 23,596,000
Other assets:    
Deferred income tax asset 80,000 3,325,000
Other 1,621,000 2,712,000
Goodwill 9,957,000 1,740,000
Other intangible assets, net 7,055,000 2,071,000
Total other assets 18,713,000 9,848,000
Total assets 230,794,000 156,660,000
Current liabilities:    
Accounts payable 61,528,000 32,459,000
Accrued compensation and vacation 9,467,000 7,562,000
Current portion of debt 5,000,000 7,853,000
Other 10,794,000 4,293,000
Total current liabilities 86,789,000 52,167,000
Long-term liabilities:    
Term loan 26,250,000 0
Revolving loan 11,631,206.86 0
Deferred income tax liability 501,000 270,000
Other long-term obligations 4,855,000 578,000
Total long-term liabilities 43,237,000 848,000
Total liabilities $ 130,026,000 $ 53,015,000
Commitments and contingencies (Note 4 and 9)    
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,706 and 10,547 shares, respectively $ 44,136,000 $ 44,151,000
Retained earnings 61,395,000 57,091,000
Accumulated other comprehensive (loss) income (4,763,000) 2,403,000
Total shareholders’ equity 100,768,000 103,645,000
Total liabilities and shareholders’ equity $ 230,794,000 $ 156,660,000