INVENTORIES

12 Months Ended

Jun. 29, 2019

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The components of inventories consist of the following (in thousands):

	June 29, 2019		June 30, 2018
Finished goods	$	76,757	$	14,927
Work-in-process	11,705		22,254
Raw materials and supplies	11,969		73,134
	$	100,431	$	110,315

As a result of the adoption of ASC 606, amounts that would have been reported as inventory under prior guidance are now included in contract assets on the Consolidated Balance Sheet as disclosed in footnote 1. As a result of this accounting change, finished goods as of June 29, 2019 are $10.0 million less than they would have been had we not adopted ASC 606 and work-in-process inventory as of June 29, 2019 is $9.6 million less than they would have been had we not adopted ASC 606. The comparative information as of June 30, 2018, has not been restated and continues to be reported under the accounting standards in effect at that time.