Investments

This caption represents the Company’s investments in unconsolidated affiliated companies consisting of its 30% and 50% owned joint ventures. Such investments are accounted for under the equity method of accounting. As of October 2, 2011 and July 3, 2011, the Company’s investment in these joint ventures totaled $21.2 million and $21.0 million, respectively.

Combined financial information of the unconsolidated affiliated companies accounted for by the equity method, generally on a lag of 3 months or less, was as follows (in thousands):

Unaudited results of operations of unconsolidated affiliated companies for the three months ended October 2, 2011 and September 26, 2010:



	Three Months Ended
	October 2, 2011		September 26, 2010
Results of Operations:
Sales	$	32,315	$	28,851
Cost of Goods Sold	25,631		23,822
Gross Profit	$	6,684	$	5,029

Net Income	$	2,769	$	2,092

Unaudited balance sheets of unconsolidated affiliated companies as of October 2, 2011 and July 3, 2011:



	October 2, 2011		July 3, 2011
Financial Position:
Assets:
Current Assets	$	54,234	$	51,838
Non-Current Assets	18,504		18,292
	$	72,738	$	70,130
Liabilities:
Current Liabilities	$	19,088	$	15,809
Non-Current Liabilities	4,845		5,749
	$	23,933	$	21,558
Equity	$	48,805	$	48,572

Net sales to equity method investees were approximately $0.5 million and $3.2 million for the three months ended October 2, 2011 and September 26, 2010, respectively. Purchases of finished products from equity method investees were approximately $28.9 million and $23.2 million for the three months ended October 2, 2011 and September 26, 2010.