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Business Segment Information (Tables)
3 Months Ended
Sep. 24, 2017
Segment Reporting [Abstract]  
Selected Financial Information for Polyester, Nylon, International and Other Segments

Selected financial information is presented below.

 

 

 

For the Three Months Ended September 24, 2017

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

87,738

 

 

$

26,827

 

 

$

48,659

 

 

$

1,018

 

 

$

164,242

 

Cost of sales

 

 

78,825

 

 

 

23,513

 

 

 

37,661

 

 

 

951

 

 

 

140,950

 

Gross profit

 

 

8,913

 

 

 

3,314

 

 

 

10,998

 

 

 

67

 

 

 

23,292

 

Segment depreciation expense

 

 

3,867

 

 

 

537

 

 

 

416

 

 

 

65

 

 

 

4,885

 

Segment Profit

 

$

12,780

 

 

$

3,851

 

 

$

11,414

 

 

$

132

 

 

$

28,177

 

 

 

 

For the Three Months Ended September 25, 2016

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

84,685

 

 

$

28,495

 

 

$

45,344

 

 

$

1,445

 

 

$

159,969

 

Cost of sales

 

 

76,235

 

 

 

25,358

 

 

 

33,074

 

 

 

1,755

 

 

 

136,422

 

Gross profit (loss)

 

 

8,450

 

 

 

3,137

 

 

 

12,270

 

 

 

(310

)

 

 

23,547

 

Segment depreciation expense

 

 

3,108

 

 

 

510

 

 

 

246

 

 

 

252

 

 

 

4,116

 

Segment Profit (Loss)

 

$

11,558

 

 

$

3,647

 

 

$

12,516

 

 

$

(58

)

 

$

27,663

 

 

Reconciliations of Segment Gross Profit (Loss) to Consolidated Income Before Income Taxes

The reconciliations of segment gross profit to consolidated income before income taxes are as follows:

 

 

 

For the Three Months Ended

 

 

 

September 24, 2017

 

 

September 25, 2016

 

Polyester

 

$

8,913

 

 

$

8,450

 

Nylon

 

 

3,314

 

 

 

3,137

 

International

 

 

10,998

 

 

 

12,270

 

All Other

 

 

67

 

 

 

(310

)

Segment gross profit

 

 

23,292

 

 

 

23,547

 

Selling, general and administrative expenses

 

 

12,863

 

 

 

11,410

 

Benefit for bad debts

 

 

(59

)

 

 

(367

)

Other operating expense (income), net

 

 

315

 

 

 

(70

)

Operating income

 

 

10,173

 

 

 

12,574

 

Interest income

 

 

(81

)

 

 

(146

)

Interest expense

 

 

1,185

 

 

 

692

 

Equity in earnings of unconsolidated affiliates

 

 

(3,087

)

 

 

(840

)

Income before income taxes

 

$

12,156

 

 

$

12,868

 

 

Reconciliation of Segment Total Assets to Consolidated Total Assets

The reconciliations of segment total assets to consolidated total assets are as follows:

 

 

 

September 24, 2017

 

 

June 25, 2017

 

Polyester

 

$

266,795

 

 

$

270,819

 

Nylon

 

 

59,875

 

 

 

57,789

 

International

 

 

91,267

 

 

 

80,824

 

Segment total assets

 

 

417,937

 

 

 

409,432

 

Other current assets

 

 

32,503

 

 

 

27,375

 

Other PP&E

 

 

15,067

 

 

 

14,904

 

Other non-current assets

 

 

170

 

 

 

279

 

Investments in unconsolidated affiliates

 

 

115,427

 

 

 

119,513

 

Total assets

 

$

581,104

 

 

$

571,503