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Business Segment Information (Tables)
6 Months Ended
Jan. 01, 2023
Segment Reporting [Abstract]  
Selected Financial Information for Polyester, Nylon, International and Other Segments

Selected financial information is presented below:

 

 

 

For the Three Months Ended January 1, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

85,242

 

 

$

25,687

 

 

$

25,283

 

 

$

136,212

 

Cost of sales

 

 

98,326

 

 

 

24,357

 

 

 

21,529

 

 

 

144,212

 

Gross (loss) profit

 

 

(13,084

)

 

 

1,330

 

 

 

3,754

 

 

 

(8,000

)

Segment depreciation expense

 

 

5,542

 

 

 

391

 

 

 

 

 

 

5,933

 

Segment (Loss) Profit

 

$

(7,542

)

 

$

1,721

 

 

$

3,754

 

 

$

(2,067

)

 

 

 

For the Three Months Ended December 26, 2021

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

114,697

 

 

$

27,601

 

 

$

59,112

 

 

$

201,410

 

Cost of sales

 

 

113,844

 

 

 

20,075

 

 

 

50,601

 

 

 

184,520

 

Gross profit

 

 

853

 

 

 

7,526

 

 

 

8,511

 

 

 

16,890

 

Segment depreciation expense

 

 

5,145

 

 

 

277

 

 

 

 

 

 

5,422

 

Segment Profit

 

$

5,998

 

 

$

7,803

 

 

$

8,511

 

 

$

22,312

 

 

 

 

For the Six Months Ended January 1, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

192,886

 

 

$

64,566

 

 

$

58,279

 

 

$

315,731

 

Cost of sales

 

 

210,839

 

 

 

56,449

 

 

 

49,880

 

 

 

317,168

 

Gross (loss) profit

 

 

(17,953

)

 

 

8,117

 

 

 

8,399

 

 

 

(1,437

)

Segment depreciation expense

 

 

11,022

 

 

 

861

 

 

 

 

 

 

11,883

 

Segment (Loss) Profit

 

$

(6,931

)

 

$

8,978

 

 

$

8,399

 

 

$

10,446

 

 

 

 

For the Six Months Ended December 26, 2021

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

225,523

 

 

$

61,339

 

 

$

110,540

 

 

$

397,402

 

Cost of sales

 

 

215,484

 

 

 

43,873

 

 

 

95,058

 

 

 

354,415

 

Gross profit

 

 

10,039

 

 

 

17,466

 

 

 

15,482

 

 

 

42,987

 

Segment depreciation expense

 

 

10,220

 

 

 

660

 

 

 

 

 

 

10,880

 

Segment Profit

 

$

20,259

 

 

$

18,126

 

 

$

15,482

 

 

$

53,867

 

 

Reconciliations of Segment Gross Profit to Consolidated (loss) Income Before Income Taxes

The reconciliations of segment gross (loss) profit to consolidated (loss) income before income taxes are as follows:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

January 1, 2023

 

 

December 26, 2021

 

 

January 1, 2023

 

 

December 26, 2021

 

Americas

 

$

(13,084

)

 

$

853

 

 

$

(17,953

)

 

$

10,039

 

Brazil

 

 

1,330

 

 

 

7,526

 

 

 

8,117

 

 

 

17,466

 

Asia

 

 

3,754

 

 

 

8,511

 

 

 

8,399

 

 

 

15,482

 

Segment gross (loss) profit

 

 

(8,000

)

 

 

16,890

 

 

 

(1,437

)

 

 

42,987

 

Selling, general and administrative expenses

 

 

11,748

 

 

 

11,966

 

 

 

23,521

 

 

 

24,636

 

(Benefit) provision for bad debts

 

 

(156

)

 

 

(240

)

 

 

18

 

 

 

(320

)

Other operating expense (income), net

 

 

226

 

 

 

573

 

 

 

(463

)

 

 

829

 

Operating (loss) income

 

 

(19,818

)

 

 

4,591

 

 

 

(24,513

)

 

 

17,842

 

Interest income

 

 

(514

)

 

 

(194

)

 

 

(1,061

)

 

 

(452

)

Interest expense

 

 

1,889

 

 

 

735

 

 

 

3,136

 

 

 

1,431

 

Equity in earnings of unconsolidated affiliates

 

 

(86

)

 

 

(64

)

 

 

(381

)

 

 

(344

)

(Loss) income before income taxes

 

$

(21,107

)

 

$

4,114

 

 

$

(26,207

)

 

$

17,207