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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 01, 2022
Jul. 03, 2021
ASSETS    
Cash and cash equivalents $ 1,046 $ 3,473
Trade receivables, net of allowance for doubtful accounts of $330 and $275 123,413 110,324
Contract assets 25,968 24,781
Inventory, Net 157,750 137,329
Other 35,374 23,345
Total current assets 343,551 299,252
Property, plant and equipment, net 29,004 35,735
Operating lease right-of-use assets, net 19,068 15,745
Other assets:    
Deferred income tax asset 10,637 9,656
Other 8,247 1,458
Total other assets 18,884 11,114
Total assets 410,507 361,846
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 131,842 92,823
Accrued compensation and vacation 7,357 11,471
Current portion of debt, net 4,991 2,143
Other 22,938 20,268
Total current liabilities 167,128 126,705
Long-term liabilities:    
Term loans 6,817 7,906
Revolving loan 96,435 90,362
Operating lease liabilities 13,649 11,428
Other long-term obligations 3,843 1,740
Total long-term liabilities 120,744 111,436
Total liabilities 287,872 238,141
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively 47,324 47,181
Retained earnings 75,854 74,452
Accumulated other comprehensive income (543) 2,072
Total shareholders’ equity 122,635 123,705
Total liabilities and shareholders’ equity $ 410,507 $ 361,846