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Business Segment Information (Tables)
6 Months Ended
Dec. 26, 2021
Segment Reporting [Abstract]  
Selected Financial Information for Polyester, Nylon, International and Other Segments

Selected financial information is presented below:

 

 

For the Three Months Ended December 26, 2021

 

 

 

Polyester

 

 

Asia

 

 

Brazil

 

 

Nylon

 

 

All Other

 

 

Total

 

Net sales

 

$

92,418

 

 

$

59,112

 

 

$

27,601

 

 

$

21,015

 

 

$

1,264

 

 

$

201,410

 

Cost of sales

 

 

91,978

 

 

 

50,601

 

 

 

20,075

 

 

 

20,829

 

 

 

1,037

 

 

 

184,520

 

Gross profit

 

 

440

 

 

 

8,511

 

 

 

7,526

 

 

 

186

 

 

 

227

 

 

 

16,890

 

Segment depreciation expense

 

 

4,544

 

 

 

 

 

 

277

 

 

 

444

 

 

 

157

 

 

 

5,422

 

Segment Profit

 

$

4,984

 

 

$

8,511

 

 

$

7,803

 

 

$

630

 

 

$

384

 

 

$

22,312

 

 

 

 

For the Three Months Ended December 27, 2020

 

 

 

Polyester

 

 

Asia

 

 

Brazil

 

 

Nylon

 

 

All Other

 

 

Total

 

Net sales

 

$

76,696

 

 

$

44,692

 

 

$

24,253

 

 

$

16,008

 

 

$

1,127

 

 

$

162,776

 

Cost of sales

 

 

65,801

 

 

 

38,164

 

 

 

16,276

 

 

 

15,613

 

 

 

988

 

 

 

136,842

 

Gross profit

 

 

10,895

 

 

 

6,528

 

 

 

7,977

 

 

 

395

 

 

 

139

 

 

 

25,934

 

Segment depreciation expense

 

 

4,470

 

 

 

 

 

 

321

 

 

 

438

 

 

 

164

 

 

 

5,393

 

Segment Profit

 

$

15,365

 

 

$

6,528

 

 

$

8,298

 

 

$

833

 

 

$

303

 

 

$

31,327

 

 

 

 

For the Six Months Ended December 26, 2021

 

 

 

Polyester

 

 

Asia

 

 

Brazil

 

 

Nylon

 

 

All Other

 

 

Total

 

Net sales

 

$

181,885

 

 

$

110,540

 

 

$

61,339

 

 

$

41,174

 

 

$

2,464

 

 

$

397,402

 

Cost of sales

 

 

173,151

 

 

 

95,058

 

 

 

43,873

 

 

 

40,262

 

 

 

2,071

 

 

 

354,415

 

Gross profit

 

 

8,734

 

 

 

15,482

 

 

 

17,466

 

 

 

912

 

 

 

393

 

 

 

42,987

 

Segment depreciation expense

 

 

9,026

 

 

 

 

 

 

660

 

 

 

879

 

 

 

315

 

 

 

10,880

 

Segment Profit

 

$

17,760

 

 

$

15,482

 

 

$

18,126

 

 

$

1,791

 

 

$

708

 

 

$

53,867

 

 

 

 

For the Six Months Ended December 27, 2020

 

 

 

Polyester

 

 

Asia

 

 

Brazil

 

 

Nylon

 

 

All Other

 

 

Total

 

Net sales

 

$

145,772

 

 

$

82,415

 

 

$

46,859

 

 

$

27,037

 

 

$

2,198

 

 

$

304,281

 

Cost of sales

 

 

130,245

 

 

 

71,309

 

 

 

34,269

 

 

 

25,977

 

 

 

1,986

 

 

 

263,786

 

Gross profit

 

 

15,527

 

 

 

11,106

 

 

 

12,590

 

 

 

1,060

 

 

 

212

 

 

 

40,495

 

Segment depreciation expense

 

 

8,873

 

 

 

 

 

 

751

 

 

 

880

 

 

 

328

 

 

 

10,832

 

Segment Profit

 

$

24,400

 

 

$

11,106

 

 

$

13,341

 

 

$

1,940

 

 

$

540

 

 

$

51,327

 

 

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

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

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

December 26, 2021

 

 

December 27, 2020

 

 

December 26, 2021

 

 

December 27, 2020

 

Polyester

 

$

440

 

 

$

10,895

 

 

$

8,734

 

 

$

15,527

 

Asia

 

 

8,511

 

 

 

6,528

 

 

 

15,482

 

 

 

11,106

 

Brazil

 

 

7,526

 

 

 

7,977

 

 

 

17,466

 

 

 

12,590

 

Nylon

 

 

186

 

 

 

395

 

 

 

912

 

 

 

1,060

 

All Other

 

 

227

 

 

 

139

 

 

 

393

 

 

 

212

 

Segment gross profit

 

 

16,890

 

 

 

25,934

 

 

 

42,987

 

 

 

40,495

 

Selling, general and administrative expenses

 

 

11,966

 

 

 

12,625

 

 

 

24,636

 

 

 

23,989

 

Benefit for bad debts

 

 

(240

)

 

 

(259

)

 

 

(320

)

 

 

(1,146

)

Other operating expense, net

 

 

573

 

 

 

476

 

 

 

829

 

 

 

1,654

 

Operating income

 

 

4,591

 

 

 

13,092

 

 

 

17,842

 

 

 

15,998

 

Interest income

 

 

(194

)

 

 

(187

)

 

 

(452

)

 

 

(312

)

Interest expense

 

 

735

 

 

 

833

 

 

 

1,431

 

 

 

1,704

 

Equity in earnings of unconsolidated affiliates

 

 

(64

)

 

 

(130

)

 

 

(344

)

 

 

(223

)

Income before income taxes

 

$

4,114

 

 

$

12,576

 

 

$

17,207

 

 

$

14,829