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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 01, 2023
Jul. 02, 2022
Current assets:    
Cash and cash equivalents $ 3,603 $ 1,707
Trade receivables, net of allowance for doubtful accounts of $23 and $12 150,600 135,876
Contract assets 29,925 21,974
Inventories, net 137,911 155,741
Other 27,510 24,710
Total current assets 349,549 340,008
Property, plant and equipment, net 28,870 26,012
Operating lease right-of-use assets, net 16,202 16,731
Other assets:    
Deferred income tax asset 12,254 10,055
Other 11,397 14,117
Total other assets 23,651 24,172
Total assets 418,272 406,923
Current liabilities:    
Accounts payable 115,899 121,393
Accrued compensation and vacation 13,351 11,836
Current portion of debt, net 7,849 7,402
Other 14,867 23,036
Total current liabilities 151,966 163,667
Long-term liabilities:    
Term loans 6,726 5,716
Revolving loan 114,805 94,577
Operating lease liabilities 10,317 12,023
Deferred income tax liability 274 64
Other long-term obligations 3,567 5,998
Total long-term liabilities 135,689 118,378
Total liabilities 287,655 282,045
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively 47,728 47,474
Retained earnings 82,986 77,829
Accumulated other comprehensive (loss) income (97) (425)
Total shareholders’ equity 130,617 124,878
Total liabilities and shareholders’ equity $ 418,272 $ 406,923