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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 26, 2020
Jun. 27, 2020
ASSETS    
Cash and cash equivalents $ 1,471 $ 553
Trade receivables, net of allowance for doubtful accounts of $609 and $609 91,563 86,123
Contract assets 24,458 23,753
Inventories, net 119,791 115,020
Other 18,782 17,315
Total current assets 256,065 242,764
Property, plant and equipment, net 33,316 31,764
Operating lease right-of-use assets, net 16,370 17,568
Other assets:    
Deferred income tax asset 9,632 10,178
Other 2,429 2,587
Total other assets 12,061 12,765
Total assets 317,812 304,861
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 79,146 80,204
Accrued compensation and vacation 7,641 10,428
Current portion of debt, net 906 7,508
Other 13,957 14,079
Total current liabilities 101,650 112,219
Long-term liabilities:    
Term loans 4,021 3,258
Revolving loan 80,414 60,094
Operating lease liabilities 11,502 12,624
Deferred income tax liability 232 234
Other long-term obligations 1,386 875
Total long-term liabilities 97,555 77,085
Total liabilities 199,205 189,304
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 47,009 46,946
Retained earnings 71,830 70,111
Accumulated other comprehensive income (loss) (232) (1,500)
Total shareholders’ equity 118,607 115,557
Total liabilities and shareholders’ equity $ 317,812 $ 304,861