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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 30, 2023
Jul. 01, 2023
Current assets:    
Cash and cash equivalents $ 2,953 $ 3,603
Trade receivables, net of allowance for doubtful accounts of $72 and $23 134,892 150,600
Contract assets 27,770 29,925
Inventories 124,054 137,911
Other 22,612 27,510
Total current assets 312,281 349,549
Property, plant and equipment, net 28,935 28,870
Operating lease right-of-use assets, net 18,104 16,202
Other assets:    
Deferred income tax asset 13,161 12,254
Other 6,243 11,397
Total other assets 19,404 23,651
Total assets 378,724 418,272
Current liabilities:    
Accounts payable 91,358 115,899
Accrued compensation and vacation 5,677 13,351
Current portion of debt, net 5,610 7,849
Other 15,721 14,867
Total current liabilities 118,366 151,966
Long-term liabilities:    
Term loans 6,465 6,726
Revolving loan 108,429 114,805
Operating lease liabilities 12,380 10,317
Deferred income tax liability 22 274
Other long-term obligations 627 3,567
Total long-term liabilities 127,923 135,689
Total liabilities 246,289 287,655
Commitments and contingencies
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively 47,839 47,728
Retained earnings 84,405 82,986
Accumulated other comprehensive Income (loss) 191 (97)
Total shareholders’ equity 132,435 130,617
Total liabilities and shareholders’ equity $ 378,724 $ 418,272