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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 01, 2022
Jul. 02, 2022
Current assets:    
Cash and cash equivalents $ 2,133 $ 1,707
Trade receivables, net of allowance for doubtful accounts of $29 and $12 139,010 135,876
Contract assets 26,358 21,974
Inventories 169,285 155,741
Other 22,803 24,710
Total current assets 359,589 340,008
Property, plant and equipment, net 26,977 26,012
Operating lease right-of-use assets, net 19,497 16,731
Other assets:    
Deferred income tax asset 10,770 10,055
Other 13,131 14,117
Total other assets 23,901 24,172
Total assets 429,964 406,923
Current liabilities:    
Accounts payable 134,126 121,393
Accrued compensation and vacation 9,065 11,836
Current portion of debt, net 6,642 7,402
Other 23,950 23,036
Total current liabilities 173,783 163,667
Long-term liabilities:    
Term loans 5,173 5,716
Revolving loan 104,968 94,577
Operating lease liabilities 14,128 12,023
Deferred income tax liability 21 64
Other long-term obligations 5,668 5,998
Total long-term liabilities 129,958 118,378
Total liabilities 303,741 282,045
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively 47,514 47,474
Retained earnings 78,981 77,829
Accumulated other comprehensive (loss) (272) (425)
Total shareholders’ equity 126,223 124,878
Total liabilities and shareholders’ equity $ 429,964 $ 406,923