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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 01, 2023
Jul. 02, 2022
ASSETS    
Cash and cash equivalents $ 37 $ 1,707
Trade receivables, net of allowance for doubtful accounts of $44 and $12 151,927 135,876
Contract assets 29,899 21,974
Inventories, net 154,315 155,741
Other 24,095 24,710
Total current assets 360,273 340,008
Property, plant and equipment, net 27,147 26,012
Operating lease right-of-use assets, net 17,471 16,731
Other assets:    
Deferred income tax asset 11,801 10,055
Other 15,006 14,117
Total other assets 26,807 24,172
Total assets 431,698 406,923
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 132,050 121,393
Accrued compensation and vacation 10,646 11,836
Current portion of debt, net 7,578 7,402
Other 12,774 23,036
Total current liabilities 163,048 163,667
Long-term liabilities:    
Term loans 3,958 5,716
Revolving loan 116,253 94,577
Operating lease liabilities 12,081 12,023
Deferred income tax liability 175 64
Other long-term obligations 6,762 5,998
Total long-term liabilities 139,229 118,378
Total liabilities 302,277 282,045
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 47,652 47,474
Retained earnings 81,924 77,829
Accumulated other comprehensive income (loss) (155) (425)
Total shareholders’ equity 129,421 124,878
Total liabilities and shareholders’ equity $ 431,698 $ 406,923