DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Apr. 02, 2023

Discontinued Operations and Disposal Groups [Abstract]

Summary of Operating Results and Balance Sheet Data for Discontinued Operations and Disposals

The following table summarizes the operating results of discontinued operations for the following periods:

	Three Months Ended			Nine Months Ended
	April 3,			April 2,			April 3,
	2022			2023			2022
NET SALES	$	17,392		$	7,767		$	45,817
COST OF SALES		19,433			9,732			49,481
GROSS LOSS		(2,041	)		(1,965	)		(3,664	)
OPERATING EXPENSES:
Selling, general and administrative		1,578			2,639			4,322
Amortization of other intangible assets		498			—			1,533
Total operating expenses		2,076			2,639			5,855
OPERATING LOSS		(4,117	)		(4,604	)		(9,519	)
Loss on sale of discontinued operations		—			22,487			—
LOSS BEFORE INCOME TAX BENEFIT		(4,117	)		(27,091	)		(9,519	)
INCOME TAX BENEFIT		746			5,952			1,845
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	$	(3,371	)	$	(21,139	)	$	(7,674	)

The operating results, and components thereof, of discontinued operations for the three months ended April 2, 2023 were not significant.

The following table summarizes the assets and liabilities associated with discontinued operations:

	June 30,
	2022
CURRENT ASSETS:
Accounts receivable, net of allowance	$	3,130
Inventories, net		20,044
Other current assets		434
Total current assets classified as discontinued operations	$	23,608
NON-CURRENT ASSETS:
Property, plant and equipment, net	$	5,924
Other long-term assets		63
Total non-current assets classified as discontinued operations	$	5,987
CURRENT LIABILITIES:
Accounts payable	$	4,675
Accrued expenses and other current liabilities		3,212
Total current liabilities classified as discontinued operations	$	7,887