Note 7 - Other Current Assets

6 Months Ended

Dec. 29, 2013

Other Current Assets Disclosure [Abstract]

Other Current Assets Disclosure [Text Block]

7. Other Current Assets

Other current assets consist of the following:

	December 29, 2013		June 30, 2013
Vendor deposits	$	2,079	$	2,633
Value added taxes receivable		1,055		1,729
Prepaid expenses		1,740		1,376
Other investments		450		166
Other		47		9
Total other current assets	$	5,371	$	5,913

Vendor deposits primarily relate to down payments made toward the purchase of raw materials by the Company’s U.S., Brazilian and Chinese operations. Value added taxes receivable are recoverable taxes associated with the sales and purchasing activities of the Company’s foreign operations. Prepaid expenses consist of advance payments for insurance, professional fees, membership dues, subscriptions, non-income related tax payments and information technology services.  

Other investments relate to cash held by the Company’s Colombian subsidiary within an investment fund of a financial institution located in Colombia that is currently being liquidated. The Company was notified of this liquidation in December 2012 and the Company no longer has immediate access to these funds. The Company has recorded a total of $218 in impairment charges in other operating expense, net since the Company received notification of the liquidation of this investment, all of which was recorded in the fiscal year 2013.