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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2023
Jul. 02, 2023
ASSETS    
Cash and cash equivalents $ 51,515 $ 46,960
Receivables, net 78,706 83,725
Inventories 136,092 150,810
Income taxes receivable 1,592 238
Other current assets 9,419 12,327
Total current assets 277,324 294,060
Property, plant and equipment, net 212,634 218,521
Operating lease assets 7,576 7,791
Deferred income taxes 4,094 3,939
Other non-current assets 14,633 14,508
Total assets 516,261 538,819
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 37,064 44,455
Income taxes payable 996 789
Current operating lease liabilities 1,885 1,813
Current portion of long-term debt 12,323 12,006
Other current liabilities 16,443 12,932
Total current liabilities 68,711 71,995
Long-term debt 128,890 128,604
Non-current operating lease liabilities 5,842 6,146
Deferred income taxes 2,999 3,364
Other long-term liabilities 4,790 5,100
Total liabilities 211,232 215,209
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,084,522 and 18,081,538 shares issued and outstanding as of October 1, 2023 and July 2, 2023, respectively) 1,808 1,808
Capital in excess of par value 69,130 68,901
Retained earnings 293,522 306,792
Accumulated other comprehensive loss (59,431) (53,891)
Total shareholders’ equity 305,029 323,610
Total liabilities and shareholders’ equity $ 516,261 $ 538,819