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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 03, 2021
Jun. 27, 2020
Current assets:    
Cash and cash equivalents $ 3,473,000 $ 553,000
Trade receivables, net of allowance for doubtful accounts of $275 and $609 110,324,000 86,123,000
Inventories, net 137,300,000 115,000,000
Other 23,345,000 17,315,000
Total current assets 299,252,000 242,764,000
Property, plant and equipment, net 35,735,000 31,764,000
Operating Lease, Right-of-Use Asset 15,745,000 17,568,000
Other assets:    
Deferred income tax asset 9,656,000 10,178,000
Other 1,458,000 2,587,000
Total other assets 11,114,000 12,765,000
Total assets 361,846,000 304,861,000
Current liabilities:    
Accounts payable 92,823,000 80,204,000
Accrued compensation and vacation 11,471,000 10,428,000
Current portion of debt, net 2,143,000 7,508,000
Other 20,268,000 14,079,000
Total current liabilities 126,705,000 112,219,000
Long-term liabilities:    
Term loans 7,906,000 3,258,000
Long Term Line of Credit, Net of Loan Fees 90,362,000 60,094,000
Operating lease liabilities 11,428,000 12,624,000
Deferred income tax liability 0 234,000
Other long-term obligations 1,740,000 875,000
Total long-term liabilities 111,436,000 77,085,000
Total liabilities 238,141,000 189,304,000
Commitments and contingencies (Note 4 and 9)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,760 shares, respectively 47,181,000 46,946,000
Retained earnings 74,452,000 70,111,000
Accumulated other comprehensive (loss) income 2,072,000 (1,500,000)
Total shareholders’ equity 123,705,000 115,557,000
Total liabilities and shareholders’ equity $ 361,846,000 $ 304,861,000