Note 7 - Other Current Assets

9 Months Ended

Mar. 29, 2015

Disclosure Text Block Supplement [Abstract]

Other Current Assets [Text Block]

7.  Other Current Assets

Other current assets consists of the following:

	March 29, 2015		June 29, 2014
Vendor deposits	$	1,667	$	2,369
Prepaid expenses		1,552		1,876
Value added taxes receivable		1,296		1,197
Assets held for sale		761		—
Other		86		610
Total other current assets	$	5,362	$	6,052

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 purchase 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, marketing and information technology services.

Assets held for sale represents certain land and building assets historically utilized for warehousing in the Polyester Segment.

Other consists primarily of amounts held by the Company’s Colombian subsidiary in an investment fund under liquidation.