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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 27, 2021
Mar. 28, 2021
Dec. 27, 2020
Sep. 27, 2020
Jun. 28, 2020
Mar. 29, 2020
Dec. 29, 2019
Sep. 29, 2019
Jun. 27, 2021
Jun. 28, 2020
Jun. 30, 2019
Income Statement [Abstract]                      
Net sales $ 184,445 [1] $ 178,866 [1] $ 162,776 [1] $ 141,505 [1] $ 86,055 [2] $ 170,994 [2] $ 169,511 [2] $ 179,949 [2] $ 667,592 $ 606,509 $ 708,804
Cost of sales                 574,098 567,469 642,496
Gross profit 27,404 [3] 25,595 [3] 25,934 [3] 14,561 [3] (9,451) [4] 15,383 [4] 15,665 [4] 17,443 [4] 93,494 39,040 66,308
Selling, general and administrative expenses                 51,334 43,814 52,690
(Benefit) provision for bad debts                 (1,316) 1,739 308
Other operating expense, net                 4,865 2,308 2,350
Operating income (loss)                 38,611 (8,821) 10,960
Interest income                 (603) (722) (628)
Interest expense                 3,323 4,779 5,414
Equity in (earnings) loss of unconsolidated affiliates                 (739) 477 (3,968)
Recovery of non-income taxes                 (9,717)    
Gain on sale of investment in unconsolidated affiliate                   (2,284)  
Impairment of investment in unconsolidated affiliate                   45,194  
Loss on extinguishment of debt                     131
Income (loss) before income taxes                 46,347 (56,265) 10,011
Provision for income taxes                 17,274 972 7,555
Net income (loss) $ 13,419 [5] $ 4,758 [5] $ 7,464 [5] $ 3,432 [5] $ (20,247) [6] $ (41,111) [6] $ 409 [6] $ 3,712 [6] $ 29,073 $ (57,237) $ 2,456
Net income (loss) per common share:                      
Basic $ 0.73 [7] $ 0.26 [7] $ 0.40 [7] $ 0.19 [7] $ (1.10) [7] $ (2.23) [7] $ 0.02 [7] $ 0.20 [7] $ 1.57 $ (3.10) $ 0.13
Diluted $ 0.70 [7] $ 0.25 [7] $ 0.40 [7] $ 0.18 [7] $ (1.10) [7] $ (2.23) [7] $ 0.02 [7] $ 0.20 [7] $ 1.54 $ (3.10) $ 0.13
[1] Net sales for the fiscal quarters ended September 27, 2020 and December 27, 2020 includes adverse demand pressures from the COVID-19 pandemic
[2]

Net sales for the fiscal quarter ended June 28, 2020, includes the impact of global demand declines and decreased economic activity caused by the COVID-19 pandemic.

[3]

Gross profit for the fiscal quarter ended September 27, 2020 includes adverse demand pressures from the COVID-19 pandemic. Gross profit for the fiscal quarters ended December 27, 2020, March 28, 2021 and June 27, 2021 includes the benefit of exceptional performance by the Brazil Segment primarily due to higher conversion margin and market share capture due to agility and responsiveness during demand recovery in Brazil.

[4] Gross loss for the fiscal quarter ended June 28, 2020 includes the adverse impact of lower fixed cost absorption in connection with the COVID-19 pandemic.
[5]

Net income for the fiscal quarter ended September 27, 2020 includes adverse demand pressures from the COVID-19 pandemic. Net income for the fiscal quarter ended June 27, 2021 includes a recovery of non-income taxes in Brazil due to the favorable conclusion of litigation related to excess social program taxes for multiple prior years.

[6] Net loss for the fiscal quarter ended March 29, 2020 includes the impairment charge for PAL of $45,194.  Net loss for the fiscal quarter ended June 28, 2020 includes the adverse impact of the COVID-19 pandemic and severance charges for involuntary terminations.
[7]

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