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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2019
Jun. 30, 2018
ASSETS    
Cash and cash equivalents $ 165 $ 343
Trade receivables, net of allowance for doubtful accounts of $58 and $0 55,903 70,262
Contract assets 20,138 0
Inventories, net 95,396 110,315
Other 16,590 13,600
Total current assets 188,192 194,520
Property, plant and equipment, net 28,533 27,548
Other assets:    
Deferred income tax asset 7,826 7,882
Goodwill 0 9,957
Other intangible assets, net 733 3,726
Other 2,868 2,895
Total other assets 11,427 24,460
Total assets 228,152 246,528
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 68,759 76,198
Accrued compensation and vacation 6,336 8,105
Current portion of debt, net 5,841 5,841
Other 6,879 8,769
Total current liabilities 87,815 98,913
Long-term liabilities:    
Notes and Loans, Noncurrent 8,551 12,932
Revolving loan 18,126 16,222
Other long-term obligations 476 380
Total long-term liabilities 27,153 29,534
Total liabilities 114,968 128,447
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,760 and 10,760 shares, respectively 46,598 46,244
Retained earnings 64,536 72,806
Accumulated other comprehensive gain (loss) 2,050 (969)
Total shareholders’ equity 113,184 118,081
Total liabilities and shareholders’ equity $ 228,152 $ 246,528