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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Jul. 02, 2023
ASSETS    
Cash and cash equivalents $ 35,979 $ 46,960
Receivables, net 69,583 83,725
Inventories 135,676 150,810
Income taxes receivable 2,421 238
Other current assets 12,290 12,327
Total current assets 255,949 294,060
Property, plant and equipment, net 209,435 218,521
Operating lease assets 7,094 7,791
Deferred income taxes 4,812 3,939
Other non-current assets 14,839 14,508
Total assets 492,129 538,819
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 34,709 44,455
Income taxes payable 2,263 789
Current operating lease liabilities 1,733 1,813
Current portion of long-term debt 12,357 12,006
Other current liabilities 17,409 12,932
Total current liabilities 68,471 71,995
Long-term debt 120,144 128,604
Non-current operating lease liabilities 5,515 6,146
Deferred income taxes 2,526 3,364
Other long-term liabilities 4,133 5,100
Total liabilities 200,789 215,209
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,150,602 and 18,081,538 shares issued and outstanding as of December 31, 2023 and July 2, 2023, respectively) 1,815 1,808
Capital in excess of par value 70,254 68,901
Retained earnings 273,676 306,792
Accumulated other comprehensive loss (54,405) (53,891)
Total shareholders’ equity 291,340 323,610
Total liabilities and shareholders’ equity $ 492,129 $ 538,819