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Quarterly Results (Unaudited)
 12 Months Ended
Jun. 30, 2019
Quarterly Financial Data [Abstract]  
Quarterly Results (Unaudited)

27. Quarterly Results (Unaudited)

Quarterly financial data and selected highlights are as follows:

 

 

 

For the Fiscal Quarter Ended

 

 

 

September 30,

2018

 

 

December 30,

2018

 

 

March 31, 2019

 

 

June 30,  2019

 

Net sales (1)

 

$

181,611

 

 

$

167,711

 

 

$

179,989

 

 

$

179,493

 

Gross profit (2)

 

 

20,019

 

 

 

14,156

 

 

 

13,791

 

 

 

18,342

 

Net income (loss) (3)

 

 

1,812

 

 

 

1,171

 

 

 

(1,529

)

 

 

1,002

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (4)

 

$

0.10

 

 

$

0.06

 

 

$

(0.08

)

 

$

0.05

 

Diluted (4)

 

$

0.10

 

 

$

0.06

 

 

$

(0.08

)

 

$

0.05

 

 

 

 

For the Fiscal Quarter Ended

 

 

 

September 24,

2017

 

 

December 24,

2017

 

 

March 25, 2018

 

 

June 24,  2018

 

Net sales

 

$

164,242

 

 

$

167,478

 

 

$

165,867

 

 

$

181,325

 

Gross profit (5)

 

 

23,292

 

 

 

22,676

 

 

 

16,556

 

 

 

23,904

 

Net income (6)

 

 

8,960

 

 

 

11,802

 

 

 

176

 

 

 

10,764

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (4)

 

$

0.49

 

 

$

0.65

 

 

$

0.01

 

 

$

0.59

 

Diluted (4)

 

$

0.48

 

 

$

0.63

 

 

$

0.01

 

 

$

0.58

 

 

(1)

The fiscal quarter ended September 30, 2018 is comprised of fourteen weeks.

 

(2)

Gross profit for the fiscal quarter ended December 30, 2018 includes the adverse impact of a raw material cost spike that could not be effectively offset with timely corresponding selling price increases.  Gross profit for the fiscal quarters ended December 30, 2018, March 31, 2019 and June 30, 2019 includes the adverse impact of significant competitive pressure caused by elevated levels of polyester textured yarn imports.

 

(3)

Net income for the fiscal quarter ended June 30, 2019 includes severance charges for involuntary terminations.

 

(4)

Income per share is computed independently for each of the periods presented.  The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year. 

 

(5)

Gross profit for the fiscal quarter ended March 25, 2018 includes the adverse impact of sustained raw material cost increases that could not be effectively offset with timely corresponding selling price increases.

 

(6)

Net income for the fiscal quarter ended June 24, 2018 includes the reversal of a $3,380 uncertain tax position relating to certain income applicable to fiscal 2015.  Net income for the fiscal quarter ended December 24, 2017 includes the reversal of a $3,807 valuation allowance on certain historical NOLs.