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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 28, 2019
Jun. 29, 2019
ASSETS    
Cash and cash equivalents $ 499 $ 601
Trade receivables, net of allowance for doubtful accounts of $58 and $58 70,225 58,429
Contract assets 17,071 22,161
Inventories, net 110,144 100,431
Other 20,254 16,477
Total current assets 218,193 198,099
Property, plant and equipment, net 30,825 29,413
Operating lease right-of-use assets, net 14,876 0
Other assets:    
Deferred income tax asset 8,207 7,840
Other intangible assets, net 0 657
Other 1,869 2,301
Total other assets 10,076 10,798
Total assets 273,970 238,310
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 80,448 73,571
Accrued compensation and vacation 6,954 6,759
Current portion of debt, net 7,508 5,841
Other 13,350 7,233
Total current liabilities 108,260 93,404
Long-term liabilities:    
Term loans 7,087 7,091
Revolving loan 32,018 23,356
Operating lease liabilities 9,780 0
Other long-term obligations 18 0
Total long-term liabilities 48,903 30,447
Total liabilities 157,163 123,851
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 46,821 46,680
Retained earnings 67,729 65,353
Accumulated other comprehensive gain 2,257 2,426
Total shareholders’ equity 116,807 114,459
Total liabilities and shareholders’ equity $ 273,970 $ 238,310