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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 02, 2023
Apr. 02, 2023
Jan. 01, 2023
Oct. 02, 2022
Jul. 03, 2022
Mar. 27, 2022
Dec. 26, 2021
Sep. 26, 2021
Jul. 02, 2023
Jul. 03, 2022
Jun. 27, 2021
Income Statement [Abstract]                      
Net sales $ 151,058 [1] $ 156,738 [1] $ 136,212 [1] $ 179,519 [1] $ 217,576 [2] $ 200,780 [2] $ 201,410 [2] $ 195,992 [2] $ 623,527 $ 815,758 $ 667,592
Cost of sales                 609,286 735,273 574,098
Gross (loss) profit 6,025 [3] 9,653 [3] (8,000) [3] 6,563 [3] 18,354 [4] 19,144 [4] 16,890 [4] 26,097 [4] 14,241 80,485 93,494
Selling, general and administrative expenses                 47,345 52,489 51,334
Benefit for bad debts                 (89) (445) (1,316)
Other operating expenses (income), net                 7,856 (158) 4,865
Operating (loss) income                 (40,871) 28,599 38,611
Interest income                 (2,109) (1,524) (603)
Interest expense                 7,577 3,085 3,323
Equity in earnings of unconsolidated affiliates                 (896) (605) (739)
Recovery of non-income taxes, net                   815 (9,717)
(Loss) income before income taxes                 (45,443) 26,828 46,347
Provision for income taxes                 901 11,657 17,274
Net (loss) income $ (15,289) [5] $ (5,184) [5] $ (18,037) [5] $ (7,834) [5] $ 3,496 [6] $ 2,066 [6] $ 929 [6] $ 8,680 [6] $ (46,344) $ 15,171 $ 29,073
Net (loss) income per common share:                      
Basic $ (0.85) [7] $ (0.29) [7] $ (1) [7] $ (0.44) [7] $ 0.19 [7] $ 0.11 [7] $ 0.05 [7] $ 0.47 [7] $ (2.57) $ 0.82 $ 1.57
Diluted $ (0.85) [7] $ (0.29) [7] $ (1) [7] $ (0.44) [7] $ 0.19 [7] $ 0.11 [7] $ 0.05 [7] $ 0.46 [7] $ (2.57) $ 0.80 $ 1.54
[1] Net sales for all fiscal quarters of fiscal 2023 includes adverse demand pressures in the Americas and Asia Segments.
[2] The fiscal quarter ending July 3, 2022 included an additional week of sales of approximately $8,700.
[3] Gross profit for our domestic operations for all fiscal quarters of fiscal 2023 was impacted by lower production volumes driving weaker fixed cost absorption in connection with lower sales volumes.
[4] Gross profit for our domestic operations for all fiscal quarters of fiscal 2022 includes adverse pressures from (i) higher raw material costs, (ii) rising input costs, and (iii) the weakening of labor productivity.
[5] Net loss for our domestic operations for all fiscal quarters of fiscal 2023 includes the adverse pressures on gross profit. Net loss for the fourth quarter of fiscal 2023 includes an impairment further described in Note 9, "Property, Plant and Equipment, Net."
[6] Net income for our domestic operations for all fiscal quarters of fiscal 2022 includes the adverse pressures on gross profit.
[7] Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year.