Note 11 - Accrued Expenses

9 Months Ended

Mar. 30, 2014

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11. Accrued Expenses

Accrued expenses consist of the following:

	March 30, 2014		June 30, 2013
Payroll and fringe benefits	$	10,891	$	11,676
Utilities		2,428		3,058
Severance		648		1,049
Contingent consideration		562		—
Property taxes		468		798
Retiree medical liability		84		106
Interest		99		102
Other		1,292		1,696
Total accrued expenses	$	16,472	$	18,485

Accrued severance is comprised of the current portion of amounts due under severance agreements between the Company and two of its former executive officers and certain other employees. See “Note 20. Other Operating Expense, Net” for further discussion of severance costs. Contingent consideration is the current portion of the estimated amounts payable to Dillon related to the Company’s December 2013 acquisition of Dillon’s draw winding business. See “Note 17. Fair Value of Financial Instruments and Non-Financial Assets and Liabilities” for further discussion. Other consists primarily of unearned revenues related to returnable packaging, workers compensation and other employee related claims, marketing expenses, freight expenses, rent and other non-income related taxes.