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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Jul. 02, 2023
ASSETS    
Cash and cash equivalents $ 27,662 $ 46,960
Receivables, net 78,931 83,725
Inventories 134,125 150,810
Income taxes receivable 2,002 238
Other current assets 9,460 12,327
Total current assets 252,180 294,060
Property, plant and equipment, net 204,795 218,521
Operating lease assets 7,500 7,791
Deferred income taxes 4,741 3,939
Other non-current assets 13,402 14,508
Total assets 482,618 538,819
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 42,343 44,455
Income taxes payable 1,883 789
Current operating lease liabilities 1,956 1,813
Current portion of long-term debt 12,368 12,006
Other current liabilities 19,173 12,932
Total current liabilities 77,723 71,995
Long-term debt 116,058 128,604
Non-current operating lease liabilities 5,683 6,146
Deferred income taxes 1,906 3,364
Other long-term liabilities 3,439 5,100
Total liabilities 204,809 215,209
Commitments and contingencies
Common stock, $0.10 par value (500,000,000 shares authorized; 18,249,837 and 18,081,538 shares issued and outstanding as of March 31, 2024 and July 2, 2023, respectively) 1,825 1,808
Capital in excess of par value 70,675 68,901
Retained earnings 263,381 306,792
Accumulated other comprehensive loss (58,072) (53,891)
Total shareholders’ equity 277,809 323,610
Total liabilities and shareholders’ equity $ 482,618 $ 538,819