v3.25.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 29, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Net sales $ 63,368 $ 89,750 $ 128,727 $ 184,055
COST OF SALES 52,476 68,812 106,037 140,642
GROSS PROFIT 10,892 20,938 22,690 43,413
OPERATING EXPENSES:        
Selling and marketing 2,824 2,500 5,698 5,584
General and administrative 7,432 7,225 14,902 15,601
Amortization of other intangible assets 450 450 900 912
Total operating expenses 10,706 10,175 21,500 22,097
OPERATING INCOME 186 10,763 1,190 21,316
OTHER INCOME (EXPENSE):        
Interest expense (182) (854) (1,169) (1,732)
Interest income 697 1,415 1,889 2,766
INCOME BEFORE INCOME TAX EXPENSE 701 11,324 1,910 22,350
INCOME TAX EXPENSE 275 2,644 468 5,139
INCOME FROM CONTINUING OPERATIONS 426 8,680 1,442 17,211
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX (Note 3) 2,322 (2,794) (3,839) (5,130)
NET INCOME (LOSS) $ 2,748 $ 5,886 $ (2,397) $ 12,081
Basic        
Continuing operations $ 0.03 $ 0.51 $ 0.09 $ 1.01
Discontinued operations 0.14 (0.16) (0.24) (0.3)
Net income (loss) 0.17 0.35 (0.15) 0.71
Diluted        
Continuing operations 0.03 0.51 0.09 1
Discontinued operations 0.14 (0.17) (0.24) (0.3)
Net income (loss) $ 0.17 $ 0.34 $ (0.15) $ 0.7
WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF:        
Basic earnings per share 16,454,776 17,010,116 16,499,858 17,083,204
Diluted earnings per share 16,543,502 17,091,633 16,499,858 17,158,124