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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 03, 2022
Mar. 27, 2022
Dec. 26, 2021
Sep. 26, 2021
Jun. 27, 2021
Mar. 28, 2021
Dec. 27, 2020
Sep. 27, 2020
Jul. 03, 2022
Jun. 27, 2021
Jun. 28, 2020
Income Statement [Abstract]                      
Net sales $ 217,576 [1] $ 200,780 [1] $ 201,410 [1] $ 195,992 [1] $ 184,445 [2] $ 178,866 [2] $ 162,776 [2] $ 141,505 [2] $ 815,758 $ 667,592 $ 606,509
Cost of sales                 735,273 574,098 567,469
Gross profit 18,354 [3] 19,144 [3] 16,890 [3] 26,097 [3] 27,404 [4] 25,595 [4] 25,934 [4] 14,561 [4] 80,485 93,494 39,040
Selling, general and administrative expenses                 52,489 51,334 43,814
(Benefit) provision for bad debts                 (445) (1,316) 1,739
Other operating (income) expense, net                 (158) 4,865 2,308
Operating income (loss)                 28,599 38,611 (8,821)
Interest income                 (1,524) (603) (722)
Interest expense                 3,085 3,323 4,779
Equity in (earnings) loss of unconsolidated affiliates                 (605) (739) 477
Recovery of non-income taxes, net                 815 (9,717)  
Gain on sale of investment in unconsolidated affiliate                     (2,284)
Impairment of investment in unconsolidated affiliate                     45,194
Income (loss) before income taxes                 26,828 46,347 (56,265)
Provision for income taxes                 11,657 17,274 972
Net income (loss) $ 3,496 [5] $ 2,066 [5] $ 929 [5] $ 8,680 [5] $ 13,419 [6] $ 4,758 [6] $ 7,464 [6] $ 3,432 [6] $ 15,171 $ 29,073 $ (57,237)
Net income (loss) per common share:                      
Basic $ 0.19 [7] $ 0.11 [7] $ 0.05 [7] $ 0.47 [7] $ 0.73 [7] $ 0.26 [7] $ 0.40 [7] $ 0.19 [7] $ 0.82 $ 1.57 $ (3.10)
Diluted $ 0.19 [7] $ 0.11 [7] $ 0.05 [7] $ 0.46 [7] $ 0.70 [7] $ 0.25 [7] $ 0.40 [7] $ 0.18 [7] $ 0.80 $ 1.54 $ (3.10)
[1]

The fiscal quarter ending July 3, 2022 included an additional week of sales of approximately $8,700.

[2]

Net sales for the fiscal quarters ended September 27, 2020 and December 27, 2020 includes adverse demand pressures from the COVID-19 pandemic.

[3]

Gross profit for our domestic operations for all fiscal quarters of fiscal 2022 includes adverse pressures from (i) higher raw material costs, (ii) rising input costs, and (iii) the weakening of labor productivity.

[4]

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.

[5]

Net income for our domestic operations for all fiscal quarters of fiscal 2022 includes the adverse pressures on gross profit.

[6]

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.

[7]

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.