XML 41 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 02, 2022
Jul. 03, 2021
Current assets:    
Cash and cash equivalents $ 1,707,000 $ 3,473,000
Trade receivables, net of allowance for doubtful accounts of $12 and $275 135,876,000 110,324,000
Inventories, net 155,700,000 137,300,000
Other 24,710,000 23,345,000
Total current assets 340,008,000 299,252,000
Property, plant and equipment, net 26,012,000 35,735,000
Operating Lease, Right-of-Use Asset 16,731,000 15,745,000
Other assets:    
Deferred income tax asset 10,055,000 9,656,000
Other 14,117,000 1,458,000
Total other assets 24,172,000 11,114,000
Total assets 406,923,000 361,846,000
Current liabilities:    
Accounts payable 121,393,000 92,823,000
Accrued compensation and vacation 11,836,000 11,471,000
Current portion of debt, net 7,402,000 2,143,000
Other 23,036,000 20,268,000
Total current liabilities 163,667,000 126,705,000
Long-term liabilities:    
Term loans 5,716,000 7,906,000
Long Term Line of Credit, Net of Loan Fees 94,577,000 90,362,000
Operating lease liabilities 12,023,000 11,428,000
Deferred income tax liability 64,000 0
Other long-term obligations 5,998,000 1,740,000
Total long-term liabilities 118,378,000 111,436,000
Total liabilities 282,045,000 238,141,000
Commitments and contingencies (Note 4 and 8)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively 47,474,000 47,181,000
Retained earnings 77,829,000 74,452,000
Accumulated other comprehensive (loss) income (425,000) 2,072,000
Total shareholders’ equity 124,878,000 123,705,000
Total liabilities and shareholders’ equity $ 406,923,000 $ 361,846,000