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Business Segment Information (Tables)
3 Months Ended
Oct. 02, 2022
Segment Reporting [Abstract]  
Selected Financial Information for Polyester, Nylon, International and Other Segments

Selected financial information is presented below:

 

 

 

For the Three Months Ended October 2, 2022

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

107,644

 

 

$

38,879

 

 

$

32,996

 

 

$

179,519

 

Cost of sales

 

 

112,513

 

 

 

32,092

 

 

 

28,351

 

 

 

172,956

 

Gross (loss) profit

 

 

(4,869

)

 

 

6,787

 

 

 

4,645

 

 

 

6,563

 

Segment depreciation expense

 

 

5,480

 

 

 

470

 

 

 

 

 

 

5,950

 

Segment Profit

 

$

611

 

 

$

7,257

 

 

$

4,645

 

 

$

12,513

 

 

 

 

For the Three Months Ended September 26, 2021

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

110,826

 

 

$

33,738

 

 

$

51,428

 

 

$

195,992

 

Cost of sales

 

 

101,640

 

 

 

23,798

 

 

 

44,457

 

 

 

169,895

 

Gross profit

 

 

9,186

 

 

 

9,940

 

 

 

6,971

 

 

 

26,097

 

Segment depreciation expense

 

 

5,075

 

 

 

383

 

 

 

 

 

 

5,458

 

Segment Profit

 

$

14,261

 

 

$

10,323

 

 

$

6,971

 

 

$

31,555

 

 

 

Reconciliations of Segment Gross Profit to Consolidated (loss) Income Before Income Taxes

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

 

 

 

For the Three Months Ended

 

 

 

October 2, 2022

 

 

September 26, 2021

 

Americas

 

$

(4,869

)

 

$

9,186

 

Brazil

 

 

6,787

 

 

 

9,940

 

Asia

 

 

4,645

 

 

 

6,971

 

Segment gross profit

 

 

6,563

 

 

 

26,097

 

Selling, general and administrative expenses

 

 

11,773

 

 

 

12,670

 

Provision (benefit) for bad debts

 

 

174

 

 

 

(80

)

Other operating (income) expense, net

 

 

(689

)

 

 

256

 

Operating (loss) income

 

 

(4,695

)

 

 

13,251

 

Interest income

 

 

(547

)

 

 

(258

)

Interest expense

 

 

1,247

 

 

 

696

 

Equity in earnings of unconsolidated affiliates

 

 

(295

)

 

 

(280

)

(Loss) income before income taxes

 

$

(5,100

)

 

$

13,093