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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 28, 2019
Jun. 29, 2019
ASSETS    
Cash and cash equivalents $ 504 $ 601
Trade receivables, net of allowance for doubtful accounts of $58 and $58 66,781 58,429
Contract assets 21,762 22,161
Inventories, net 117,737 100,431
Other 17,735 16,477
Total current assets 224,519 198,099
Property, plant and equipment, net 29,984 29,413
Operating lease right-of-use assets, net 16,056 0
Other assets:    
Deferred income tax asset 8,476 7,840
Other intangible assets, net 0 657
Other 2,092 2,301
Total other assets 10,568 10,798
Total assets 281,127 238,310
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 87,214 73,571
Accrued compensation and vacation 7,359 6,759
Current portion of debt, net 7,508 5,841
Other 12,746 7,233
Total current liabilities 114,827 93,404
Long-term liabilities:    
Term loans 8,964 7,091
Revolving loan 31,313 23,356
Operating lease liabilities 10,885 0
Total long-term liabilities 51,162 30,447
Total liabilities 165,989 123,851
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,760 and 10,760 shares, respectively 46,754 46,680
Retained earnings 66,905 65,353
Accumulated other comprehensive gain 1,479 2,426
Total shareholders’ equity 115,138 114,459
Total liabilities and shareholders’ equity $ 281,127 $ 238,310