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Business Segment Information (Tables)
3 Months Ended
Oct. 01, 2023
Segment Reporting [Abstract]  
Selected Financial Information for Americas, Brazil and Asia Segments

Selected financial information is presented below:

 

 

For the Three Months Ended October 1, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

81,573

 

 

$

29,909

 

 

$

27,362

 

 

$

138,844

 

Cost of sales

 

 

88,953

 

 

 

27,742

 

 

 

22,724

 

 

 

139,419

 

Gross (loss) profit

 

 

(7,380

)

 

 

2,167

 

 

 

4,638

 

 

 

(575

)

Segment depreciation expense

 

 

5,497

 

 

 

840

 

 

 

 

 

 

6,337

 

Segment (Loss) Profit

 

$

(1,883

)

 

$

3,007

 

 

$

4,638

 

 

$

5,762

 

 

 

 

For the Three Months Ended October 2, 2022

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

107,644

 

 

$

38,879

 

 

$

32,996

 

 

$

179,519

 

Cost of sales

 

 

112,513

 

 

 

32,092

 

 

 

28,351

 

 

 

172,956

 

Gross (loss) profit

 

 

(4,869

)

 

 

6,787

 

 

 

4,645

 

 

 

6,563

 

Segment depreciation expense

 

 

5,480

 

 

 

470

 

 

 

 

 

 

5,950

 

Segment Profit

 

$

611

 

 

$

7,257

 

 

$

4,645

 

 

$

12,513

 

 

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

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

 

 

For the Three Months Ended

 

 

 

October 1, 2023

 

 

October 2, 2022

 

Americas

 

$

(7,380

)

 

$

(4,869

)

Brazil

 

 

2,167

 

 

 

6,787

 

Asia

 

 

4,638

 

 

 

4,645

 

Segment gross (loss) profit

 

 

(575

)

 

 

6,563

 

Selling, general and administrative expenses

 

 

11,609

 

 

 

11,773

 

(Benefit) provision for bad debts

 

 

(209

)

 

 

174

 

Other operating expense (income), net

 

 

54

 

 

 

(689

)

Operating loss

 

 

(12,029

)

 

 

(4,695

)

Interest income

 

 

(581

)

 

 

(547

)

Interest expense

 

 

2,485

 

 

 

1,247

 

Equity in earnings of unconsolidated affiliates

 

 

(200

)

 

 

(295

)

Loss before income taxes

 

$

(13,733

)

 

$

(5,100

)