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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Jul. 01, 2023
Current assets:    
Cash and cash equivalents $ 3,574 $ 3,603
Trade receivables, net of allowance for doubtful accounts of $23 and $23 141,442 150,600
Contract assets 32,903 29,925
Inventories 126,778 137,911
Other 22,930 27,510
Total current assets 327,627 349,549
Property, plant and equipment, net 28,085 28,870
Operating lease right-of-use assets, net 15,928 16,202
Other assets:    
Deferred income tax asset 13,205 12,254
Other 7,500 11,397
Total other assets 20,705 23,651
Total assets 392,345 418,272
Current liabilities:    
Accounts payable 101,638 115,899
Accrued compensation and vacation 11,860 13,351
Current portion of debt, net 6,196 7,849
Other 13,330 14,867
Total current liabilities 133,024 151,966
Long-term liabilities:    
Term loans 6,272 6,726
Revolving loan 109,517 114,805
Operating lease liabilities 10,939 10,317
Deferred income tax liability 324 274
Other long-term obligations 1,201 3,567
Total long-term liabilities 128,253 135,689
Total liabilities 261,277 287,655
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 47,786 47,728
Retained earnings 83,321 82,986
Accumulated other comprehensive (loss) (39) (97)
Total shareholders’ equity 131,068 130,617
Total liabilities and shareholders’ equity $ 392,345 $ 418,272