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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2023
Jul. 03, 2022
ASSETS    
Cash and cash equivalents $ 49,706 $ 53,290
Receivables, net 87,968 106,565
Inventories 143,178 173,295
Income taxes receivable 1,777 160
Other current assets 15,093 18,956
Total current assets 297,722 352,266
Property, plant and equipment, net 229,195 216,338
Operating lease assets 8,327 8,829
Deferred income taxes 3,172 2,497
Other non-current assets 12,986 8,788
Total assets 551,402 588,718
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 47,702 73,544
Income taxes payable 1,875 1,526
Current operating lease liabilities 1,874 2,190
Current portion of long-term debt 11,544 11,726
Other current liabilities 13,494 19,806
Total current liabilities 76,489 108,792
Long-term debt 124,162 102,309
Non-current operating lease liabilities 6,543 6,736
Deferred income taxes 4,389 4,983
Other long-term liabilities 4,911 4,449
Total liabilities 216,494 227,269
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,054,498 and 17,979,362 shares issued and outstanding as of April 2, 2023 and July 3, 2022, respectively) 1,805 1,798
Capital in excess of par value 68,562 66,120
Retained earnings 322,081 353,136
Accumulated other comprehensive loss (57,540) (59,605)
Total shareholders’ equity 334,908 361,449
Total liabilities and shareholders’ equity $ 551,402 $ 588,718