LONG-TERM DEBT (Tables)

12 Months Ended

Jun. 27, 2026

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following:

	Maturity Date	Interest Rate		June 27, 2026		June 28, 2025
				(in thousands)
Asset-based senior secured revolving credit facility (1)	December 3, 2029	6.7	%	$	74,736	$	67,900
Domestic term loan - Callodine (2)	December 3, 2029	10.8	%	23,500		26,500
Foreign line of credit (3)	December 11, 2026	9.5	%	1,017		3,253
Domestic term loan - Balboa (4)	September 19, 2029	6% to 8%		2,808		3,702
Foreign term loan - Banorte (5)	April 24, 2026	5.5	%	—		1,000
Domestic term loan - Avtech 8 (6)	December 16, 2028	13.6	%	604		278
Domestic term loan - Avtech 9 (7)	June 30, 2028	11.7	%	3,675		4,996
Foreign term loan - Banorte (3)	September 7, 2030	11.0	%	1,973		—
Total debt				108,313		107,629
Less: current portion of debt				(7,162)		(6,215)
Less: unamortized financing costs				(2,095)		(2,478)
Long-term debt, net				$	99,056	$	98,936

(1) On December 3, 2024, the Company entered into an asset-based credit agreement (the "Credit Agreement") among the Company, certain domestic subsidiaries (as co-borrowers or guarantors), BMO Bank, N.A (the "Bank"), as administrative agent and swing line lender, BMO Capital Markets as arranger and book runner, and certain financial institutions, as lenders. The Credit Agreement provides for an asset-based senior secured revolving credit facility (the "Credit Facility") of up to $115 million, maturing on December 3, 2029.

Generally, under the Credit Agreement and at the Company’s option: (i) each SOFR Loan shall bear interest at a rate per annum equal to Adjusted Term SOFR (Term SOFR plus 0.10%, subject to a floor of 0.00%) plus an applicable margin of 2.50% to 3.00%, depending on the availability of borrowing amounts under the Credit Agreement; and (ii) each Base Rate Loan, Swing Line Loan or other Obligation shall bear interest at a rate per annum equal to the Base Rate (subject to a floor of 1.00%) plus an applicable margin of 1.50% to 2.00%, depending on the availability of borrowing amounts under the Credit Agreement. As of June 27, 2026 the applicable margin was 2.75% for SOFR Loans and 1.75% for Base Rate Loans. If there is an event of default under the Credit Agreement, all loans and other obligations may bear interest at a rate of an additional 2.00% on the otherwise applicable interest rates. In addition to the applicable interest rates, the Company is required to pay a fee of 0.2% per annum on the unused portion of the Credit Facility, monthly in arrears. Availability on the line of credit is generally determined based on eligible inventory and accounts receivable balances, certain machinery and equipment located in the US, and other covenant restrictions, including a $13 million availability block, which functions to reduce the Company's total availability.

On May 13, 2025, the Company entered into a first amendment and limited waiver to the Credit Agreement. The amendment waived an existing event of cross-default created by an event of default under the Term Loan as defined and discussed in footnote (2) below. The amendment also adds an additional reporting requirement.

Proceeds from the Credit Facility and the Term Loan discussed below were used to pay-off the Company's prior loan and security agreement, as amended, with Bank of America, N.A. in the amount of $99.7 million, as well as its outstanding equipment term loan, and financing costs related to the Credit Agreement. The Term Loan may also be used to pay-off certain other existing debt, to issue letters of credit, and for other business purposes, including working capital needs.

As of June 27, 2026, the Company had an outstanding balance under the asset-based revolving credit facility of $74.7 million, $0.7 million in outstanding letters of credit and $16.5 million of potential borrowing capacity, further limited by the availability block in the loan agreement.

As of June 28, 2025, the Company had an outstanding balance under the asset-based revolving credit facility of $67.9 million, $0.4 million in outstanding letters of credit and $25.0 million of potential borrowing capacity, further limited by the availability block in the loan agreement.

(2) On December 3, 2024, the Company entered into a $28 million term loan (the "Term Loan") credit agreement among the Company, certain domestic subsidiaries (as co-borrowers or guarantors), Callodine Commercial Finance, LLC (“Callodine”), as administrative agent, and certain financial institutions, as term loan lenders. The Term Loan requires quarterly repayments of principal in the amount of $0.75 million. The remainder will be payable at maturity which is the earlier of December 3, 2029 or the maturity of the Credit Agreement described above. The Term Loan bears interest at Adjusted Term SOFR (Term SOFR plus

0.15%, subject to a floor of 3.50%) plus an applicable margin of 7.00%. If there is an event of default under the Term Loan, all loans and other obligations may bear interest at a rate of an additional 2.00% on the otherwise applicable interest rate.

On May 13, 2025, the Company entered into a first amendment and limited waiver to the Term Loan. The amendment waived an existing event of default relating to non-compliance with minimum required earnings before interest, depreciation, amortization, and other adjustments for the period ending March 29, 2025. The amendment permanently adds an additional reporting requirement, and requires minimum earnings before interest, taxes, depreciation, amortization, and other adjustments only if average daily availability for the applicable fiscal quarter is less than 12.5% of the combined borrowing base.

(3) On December 11, 2023, the Company entered into a loan agreement in Mexican peso with Banorte Financial Group. The agreement provides for a three-year secured line of credit up to MXN100 million, subject to the Company’s borrowing base, maturing on December 11, 2026. On October 2, 2025, the company refinanced its loan agreement with Banorte Financial Group. The refinanced agreement separated the existing MXN100 million line of credit into two separate debt instruments. The first instrument allows for a line of credit of up to MXN20 million, subject to the Company’s borrowing base, maturing on December 11, 2026. The second component is a MXN40 million term loan, requiring monthly payments of MXN678 thousand through maturity on September 7, 2030. No proceeds were received as a result of the refinanced agreement. The agreement is subject to certain financial covenants which are reviewed on an annual basis. During fiscal year 2026 it was determined that the Company was not in compliance with the debt coverage and leverage covenants for the local Mexico entity. The non-compliance was primarily due to a change in the methodology for calculating and remitting Income Tax (ISR). The Company was notified by the Banorte Financial Group that they have chosen to not exercise their right to accelerate the maturity of outstanding loans.

The credit facility bears interest at Iterbancario de Equilibrio Interest Rate plus 2.75%, and as of June 27, 2026, was 9.5%. As of June 27, 2026, the Company had an outstanding balance under the revolving credit facility of MXN18 million ($1.0 million USD) and MXN2 million ($0.1 million USD) was available for future borrowings.

(4) On September 19, 2023, the Company entered into a $1.1 million equipment financing agreement with Ameris Bank dba Balboa Capital ("Balboa Capital"). Combining with other equipment financing agreements entered in the third quarter of fiscal year 2023, a total of $5.5 million relates to the Company’s existing manufacturing equipment that bears an interest rate range of 6% - 8% and matures in the first quarter of fiscal 2030. Under these loan agreements, equal monthly payments of $94,000 commenced in the fourth quarter of fiscal year 2024 and will continue through the maturity of the equipment financing facility in the first quarter of fiscal 2030.

(5) On November 24, 2020, the Company entered into a $6.0 million equipment financing facility related to the Company’s existing manufacturing equipment that bears interest at 5.52% and matures on April 24, 2026. Under this loan agreement, equal monthly payments of $100,000 commenced on May 24, 2021 and continued through the maturity of the equipment financing facility on April 24, 2026.

(6) On May 1, 2025, the Company entered into a $4.0 million equipment financing facility related to new manufacturing equipment. On December 16, 2025, the equipment financing facility was amended and restated to reduce the financing proceeds to $0.7 million to be paid in equal quarterly payments of $69,022 The amended equipment financing facility bears interest at 13.6% and will mature on December 16, 2028.

(7) On March 6, 2025, the Company entered into a $5.0 million equipment financing facility related to the Company’s existing manufacturing equipment that bears interest at 11.71% and matures on June 30, 2028. Under this loan agreement, equal quarterly payments of $464,361 commenced on July 15, 2025 and will continue through the maturity of the equipment financing facility on June 30, 2028.

Schedule of Maturities of Long-term Debt

Debt maturities as of June 27, 2026 for the next four years are as follows (in thousands):

Fiscal Years Ending	Amount
2027	$	7,162
2028	6,927
2029	4,350
2030	89,758
2031	116
Thereafter	—
Total debt	$	108,313
Unamortized financing costs	(2,095)
Long-term debt, net of unamortized financing costs	$	106,218