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Shareholders' Equity (Tables)
9 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Summary of Activity Impacting Shareholders' Equity

A summary of activity impacting shareholders’ equity for the three- and nine-month periods ended March 31, 2024 and April 2, 2023 were as follows (in thousands):

 

 

Three months ended March 31, 2024

 

 

Total
Shareholders’
Equity

 

 

Common Stock

 

 

Capital in Excess of Par Value

 

 

Retained Earnings

 

 

Accumulated Other Comprehensive Loss

 

 

Treasury Stock

 

 

Non-Controlling Interest

 

Balance, December 31, 2023

$

217,641

 

 

$

76

 

 

$

101,207

 

 

$

239,486

 

 

$

(13,878

)

 

$

(135,501

)

 

$

26,251

 

Net income

 

1,126

 

 

 

 

 

 

 

 

 

1,506

 

 

 

 

 

 

 

 

 

(380

)

Translation adjustments

 

1,043

 

 

 

 

 

 

 

 

 

 

 

 

627

 

 

 

 

 

 

416

 

Stock based compensation

 

240

 

 

 

 

 

 

240

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement
   adjustment, net of tax

 

46

 

 

 

 

 

 

 

 

 

 

 

 

46

 

 

 

 

 

 

 

Employee stock purchases

 

18

 

 

 

 

 

 

6

 

 

 

 

 

 

 

 

 

12

 

 

 

 

Balance, March 31, 2024

$

220,114

 

 

$

76

 

 

$

101,453

 

 

$

240,992

 

 

$

(13,205

)

 

$

(135,489

)

 

$

26,287

 

 

 

Three months ended April 2, 2023

 

 

Total
Shareholders’
Equity

 

 

Common Stock

 

 

Capital in Excess of Par Value

 

 

Retained Earnings

 

 

Accumulated Other Comprehensive Loss

 

 

Treasury Stock

 

 

Non-Controlling Interest

 

Balance, January 1, 2023

$

217,676

 

 

$

75

 

 

$

102,520

 

 

$

239,255

 

 

$

(19,226

)

 

$

(135,556

)

 

$

30,608

 

Net loss

 

(3,287

)

 

 

 

 

 

 

 

 

(2,256

)

 

 

 

 

 

 

 

 

(1,031

)

Translation adjustments

 

3,451

 

 

 

 

 

 

 

 

 

 

 

 

2,304

 

 

 

 

 

 

1,147

 

Stock based compensation

 

265

 

 

 

 

 

 

265

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement
    adjustment, net of tax

 

350

 

 

 

 

 

 

 

 

 

 

 

 

350

 

 

 

 

 

 

 

Employee stock purchases

 

18

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

14

 

 

 

 

Balance, April 2, 2023

$

218,473

 

 

$

75

 

 

$

102,789

 

 

$

236,999

 

 

$

(16,572

)

 

$

(135,542

)

 

$

30,724

 

 

 

Nine months ended March 31, 2024

 

 

Total
Shareholders’
Equity

 

 

Common Stock

 

 

Capital in Excess of Par Value

 

 

Retained Earnings

 

 

Accumulated Other Comprehensive Loss

 

 

Treasury Stock

 

 

Non-Controlling Interest

 

Balance, July 2, 2023

$

211,024

 

 

$

75

 

 

$

100,309

 

 

$

234,299

 

 

$

(14,194

)

 

$

(135,526

)

 

$

26,061

 

Net income

 

6,361

 

 

 

 

 

 

 

 

 

6,693

 

 

 

 

 

 

 

 

 

(332

)

Translation adjustments

 

1,408

 

 

 

 

 

 

 

 

 

 

 

 

850

 

 

 

 

 

 

558

 

Purchase of SPA non-
   controlling interest

 

(97

)

 

 

 

 

 

(97

)

 

 

 

 

 

 

 

 

 

 

 

 

Stock based compensation

 

1,224

 

 

 

 

 

 

1,224

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement
   adjustment, net of
   tax

 

139

 

 

 

 

 

 

 

 

 

 

 

 

139

 

 

 

 

 

 

 

Employee stock purchases

 

55

 

 

 

1

 

 

 

17

 

 

 

 

 

 

 

 

 

37

 

 

 

 

Balance, March 31, 2024

$

220,114

 

 

$

76

 

 

$

101,453

 

 

$

240,992

 

 

$

(13,205

)

 

$

(135,489

)

 

$

26,287

 

 

 

Nine months ended April 2, 2023

 

 

Total
Shareholders’
Equity

 

 

Common Stock

 

 

Capital in Excess of Par Value

 

 

Retained Earnings

 

 

Accumulated Other Comprehensive Loss

 

 

Treasury Stock

 

 

Non-Controlling Interest

 

Balance, July 3, 2022

$

219,947

 

 

$

75

 

 

$

101,524

 

 

$

240,969

 

 

$

(18,588

)

 

$

(135,580

)

 

$

31,547

 

Net loss

 

(5,865

)

 

 

 

 

 

 

 

 

(3,970

)

 

 

 

 

 

 

 

 

(1,895

)

Dividend declared – non-
   controlling Interests of
   subsidiaries

 

(600

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(600

)

Translation adjustments

 

3,198

 

 

 

 

 

 

 

 

 

 

 

 

1,526

 

 

 

 

 

 

1,672

 

Stock based compensation

 

1,139

 

 

 

 

 

 

1,139

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement
   adjustment, net of
   tax

 

490

 

 

 

 

 

 

 

 

 

 

 

 

490

 

 

 

 

 

 

 

Stock option exercises

 

109

 

 

 

 

 

 

109

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock purchases

 

55

 

 

 

 

 

 

17

 

 

 

 

 

 

 

 

 

38

 

 

 

 

Balance, April 2, 2023

$

218,473

 

 

$

75

 

 

$

102,789

 

 

$

236,999

 

 

$

(16,572

)

 

$

(135,542

)

 

$

30,724