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Business Segment Information (Tables)
3 Months Ended
Sep. 30, 2018
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 30, 2018

 

 

 

Polyester

 

 

Nylon

 

 

International

 

 

All Other

 

 

Total

 

Net sales

 

$

100,131

 

 

$

27,949

 

 

$

52,353

 

 

$

1,178

 

 

$

181,611

 

Cost of sales

 

 

93,403

 

 

 

25,805

 

 

 

41,330

 

 

 

1,054

 

 

 

161,592

 

Gross profit

 

 

6,728

 

 

 

2,144

 

 

 

11,023

 

 

 

124

 

 

 

20,019

 

Segment depreciation expense

 

 

4,252

 

 

 

561

 

 

 

359

 

 

 

75

 

 

 

5,247

 

Segment Profit

 

$

10,980

 

 

$

2,705

 

 

$

11,382

 

 

$

199

 

 

$

25,266

 

 

 

 

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

 

 

Reconciliations of Segment Gross Profit 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 30, 2018

 

 

September 24, 2017

 

Polyester

 

$

6,728

 

 

$

8,913

 

Nylon

 

 

2,144

 

 

 

3,314

 

International

 

 

11,023

 

 

 

10,998

 

All Other

 

 

124

 

 

 

67

 

Segment gross profit

 

 

20,019

 

 

 

23,292

 

Selling, general and administrative expenses

 

 

14,411

 

 

 

12,863

 

Provision (benefit) for bad debts

 

 

131

 

 

 

(59

)

Other operating (income) expense, net

 

 

(240

)

 

 

315

 

Operating income

 

 

5,717

 

 

 

10,173

 

Interest income

 

 

(147

)

 

 

(81

)

Interest expense

 

 

1,467

 

 

 

1,185

 

Equity in earnings of unconsolidated affiliates

 

 

(239

)

 

 

(3,087

)

Income before income taxes

 

$

4,636

 

 

$

12,156

 

 

Reconciliation of Segment Total Assets to Consolidated Total Assets

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

 

 

 

September 30, 2018

 

 

June 24, 2018

 

Polyester

 

$

288,871

 

 

$

284,261

 

Nylon

 

 

59,284

 

 

 

57,378

 

International

 

 

88,746

 

 

 

95,006

 

Segment total assets

 

 

436,901

 

 

 

436,645

 

Other current assets

 

 

36,713

 

 

 

30,945

 

Other PP&E

 

 

17,261

 

 

 

17,373

 

Other non-current assets

 

 

4,517

 

 

 

4,205

 

Investments in unconsolidated affiliates

 

 

112,726

 

 

 

112,639

 

Total assets

 

$

608,118

 

 

$

601,807