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Business Segment Information (Tables)
9 Months Ended
Apr. 02, 2023
Segment Reporting [Abstract]  
Selected Financial Information for Americas, Brazil and Asia Segments

Selected financial information is presented below:

 

 

For the Three Months Ended April 2, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

101,946

 

 

$

27,380

 

 

$

27,412

 

 

$

156,738

 

Cost of sales

 

 

98,788

 

 

 

24,998

 

 

 

23,299

 

 

 

147,085

 

Gross profit

 

 

3,158

 

 

 

2,382

 

 

 

4,113

 

 

 

9,653

 

Segment depreciation expense

 

 

5,574

 

 

 

549

 

 

 

 

 

 

6,123

 

Segment Profit

 

$

8,732

 

 

$

2,931

 

 

$

4,113

 

 

$

15,776

 

 

 

 

 

For the Three Months Ended March 27, 2022

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

119,736

 

 

$

29,767

 

 

$

51,277

 

 

$

200,780

 

Cost of sales

 

 

113,952

 

 

 

23,784

 

 

 

43,900

 

 

 

181,636

 

Gross profit

 

 

5,784

 

 

 

5,983

 

 

 

7,377

 

 

 

19,144

 

Segment depreciation expense

 

 

5,226

 

 

 

382

 

 

 

 

 

 

5,608

 

Segment Profit

 

$

11,010

 

 

$

6,365

 

 

$

7,377

 

 

$

24,752

 

 

 

 

For the Nine Months Ended April 2, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

294,832

 

 

$

91,946

 

 

$

85,691

 

 

$

472,469

 

Cost of sales

 

 

309,627

 

 

 

81,447

 

 

 

73,179

 

 

 

464,253

 

Gross (loss) profit

 

 

(14,795

)

 

 

10,499

 

 

 

12,512

 

 

 

8,216

 

Segment depreciation expense

 

 

16,596

 

 

 

1,410

 

 

 

 

 

 

18,006

 

Segment Profit

 

$

1,801

 

 

$

11,909

 

 

$

12,512

 

 

$

26,222

 

 

 

 

For the Nine Months Ended March 27, 2022

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

345,259

 

 

$

91,106

 

 

$

161,817

 

 

$

598,182

 

Cost of sales

 

 

329,436

 

 

 

67,657

 

 

 

138,958

 

 

 

536,051

 

Gross profit

 

 

15,823

 

 

 

23,449

 

 

 

22,859

 

 

 

62,131

 

Segment depreciation expense

 

 

15,446

 

 

 

1,042

 

 

 

 

 

 

16,488

 

Segment Profit

 

$

31,269

 

 

$

24,491

 

 

$

22,859

 

 

$

78,619

 

 

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

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

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

April 2, 2023

 

 

March 27, 2022

 

 

April 2, 2023

 

 

March 27, 2022

 

Americas

 

$

3,158

 

 

$

5,784

 

 

$

(14,795

)

 

$

15,823

 

Brazil

 

 

2,382

 

 

 

5,983

 

 

 

10,499

 

 

 

23,449

 

Asia

 

 

4,113

 

 

 

7,377

 

 

 

12,512

 

 

 

22,859

 

Segment gross profit

 

 

9,653

 

 

 

19,144

 

 

 

8,216

 

 

 

62,131

 

Selling, general and administrative expenses

 

 

12,063

 

 

 

14,389

 

 

 

35,584

 

 

 

39,025

 

Benefit for bad debts

 

 

(56

)

 

 

(169

)

 

 

(38

)

 

 

(489

)

Other operating expense (income), net

 

 

324

 

 

 

(831

)

 

 

(139

)

 

 

(2

)

Operating (loss) income

 

 

(2,678

)

 

 

5,755

 

 

 

(27,191

)

 

 

23,597

 

Interest income

 

 

(554

)

 

 

(492

)

 

 

(1,615

)

 

 

(944

)

Interest expense

 

 

2,073

 

 

 

709

 

 

 

5,209

 

 

 

2,140

 

Equity in earnings of unconsolidated affiliates

 

 

(158

)

 

 

(41

)

 

 

(539

)

 

 

(385

)

Recovery of non-income taxes, net

 

 

 

 

 

815

 

 

 

 

 

 

815

 

(Loss) income before income taxes

 

$

(4,039

)

 

$

4,764

 

 

$

(30,246

)

 

$

21,971