John B. Sanfilippo & Son (JBSS) 10-Q 1 Nov 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 26, 2013	Oct. 24, 2013	Oct. 24, 2013
		Class A Common Stock [Member]	Common Stock [Member]
Document Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	26-Sep-13	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Trading Symbol	'JBSS	'	'
Entity Registrant Name	'SANFILIPPO JOHN B & SON INC	'	'
Entity Central Index Key	'0000880117	'	'
Current Fiscal Year End Date	'--06-26	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	2,597,426	8,337,009

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Statement Of Income And Comprehensive Income [Abstract]	'	'
Net sales	$176,697	$177,507
Cost of sales	147,328	146,934
Gross profit	29,369	30,573
Operating expenses:	'	'
Selling expenses	9,899	10,179
Administrative expenses	7,142	6,525
Total operating expenses	17,041	16,704
Income from operations	12,328	13,869
Other expense:	'	'
Interest expense including $286 and $292 to related parties	1,086	1,246
Rental and miscellaneous expense, net	513	530
Total other expense, net	1,599	1,776
Income before income taxes	10,729	12,093
Income tax expense	3,954	4,559
Net income	6,775	7,534
Other comprehensive income:	'	'
Amortization of prior service cost and actuarial gain included in net periodic pension cost	222	239
Income tax expense related to pension adjustments	-89	-96
Other comprehensive income, net of tax:	133	143
Comprehensive income	$6,908	$7,677
Net income per common share-basic	$0.62	$0.70
Net income per common share-diluted	$0.61	$0.69

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Statement Of Income And Comprehensive Income [Abstract]	'	'
Interest expense to related parties	$286	$292

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 26, 2013	Jun. 27, 2013	Sep. 27, 2012
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'	'
Cash	$1,195	$834	$2,471
Accounts receivable, less allowances of $3,675, $2,628 and $2,884	50,498	49,509	63,927
Inventories	158,066	158,706	134,617
Deferred income taxes	3,670	3,723	4,823
Prepaid expenses and other current assets	2,892	4,843	2,893
Assets held for sale	6,175	6,175	'
TOTAL CURRENT ASSETS	222,496	223,790	208,731
PROPERTY, PLANT AND EQUIPMENT:	'	'	'
Land	9,285	9,285	9,285
Buildings	102,424	102,424	102,168
Machinery and equipment	166,164	166,549	162,576
Furniture and leasehold improvements	4,363	4,363	4,289
Vehicles	524	524	568
Construction in progress	3,697	1,207	538
Property, Plant and Equipment, Gross, Total	286,457	284,352	279,424
Less: Accumulated depreciation	174,889	172,928	164,047
Property Plant And Equipment, Total	111,568	111,424	115,377
Rental investment property, less accumulated depreciation of $6,668, $6,470 and $6,481	22,225	22,423	29,218
TOTAL PROPERTY, PLANT AND EQUIPMENT	133,793	133,847	144,595
Cash surrender value of officers' life insurance and other assets	8,752	8,405	7,726
Deferred income taxes	1,002	827	'
Intangible assets, net	7,218	7,875	10,177
TOTAL ASSETS	373,261	374,744	371,229
CURRENT LIABILITIES:	'	'	'
Revolving credit facility borrowings	27,842	31,867	38,067
Current maturities of long-term debt, including related party debt of $328, $321 and $303	8,539	8,690	12,496
Accounts payable, including related party payables of $178, $290 and $181	44,502	43,741	38,284
Book overdraft	1,914	1,052	932
Accrued payroll and related benefits	6,035	15,855	6,050
Other accrued expenses	8,679	7,593	11,638
Income taxes payable	2,797	'	4,120
TOTAL CURRENT LIABILITIES	100,308	108,798	111,587
LONG-TERM LIABILITIES:	'	'	'
Long-term debt, less current maturities, including related party debt of $12,180, $12,264 and $12,507	32,980	33,665	35,718
Retirement plan	12,692	12,615	13,400
Deferred income taxes	'	'	646
Other	4,767	4,362	979
TOTAL LONG-TERM LIABILITIES	50,439	50,642	50,743
TOTAL LIABILITIES	150,747	159,440	162,330
COMMITMENTS AND CONTINGENCIES	'	'	'
STOCKHOLDERS' EQUITY:	'	'	'
Capital in excess of par value	106,434	106,132	104,084
Retained earnings	120,205	113,430	110,093
Accumulated other comprehensive loss	-3,031	-3,164	-4,183
Treasury stock, at cost; 117,900 shares of Common Stock	-1,204	-1,204	-1,204
TOTAL STOCKHOLDERS' EQUITY	222,514	215,304	208,899
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	373,261	374,744	371,229
Class A Common Stock [Member]	'	'	'
STOCKHOLDERS' EQUITY:	'	'	'
Common Stock	26	26	26
Common Stock [Member]	'	'	'
STOCKHOLDERS' EQUITY:	'	'	'
Common Stock	$84	$84	$83

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 26, 2013	Jun. 27, 2013	Sep. 27, 2012
In Thousands, except Share data, unless otherwise specified
Allowances for accounts receivable, current	$3,675	$2,628	$2,884
Accumulated depreciation of rental investment property	6,668	6,470	6,481
Current maturities of long-term debt, related party debt	328	321	303
Accounts payable, related party payables	178	290	181
Related party debt, Non-current	$12,180	$12,264	$12,507
Treasury stock, shares	117,900	117,900	117,900
Class A Common Stock [Member]	'	'	'
Common stock, par value	$0.01	$0.01	$0.01
Common stock, shares authorized	10,000,000	10,000,000	10,000,000
Common stock, shares issued	2,597,426	2,597,426	2,597,426
Common stock, shares outstanding	2,597,426	2,597,426	2,597,426
Common Stock [Member]	'	'	'
Common stock, par value	$0.01	$0.01	$0.01
Common stock, shares authorized	17,000,000	17,000,000	17,000,000
Common stock, shares issued	8,454,909	8,440,409	8,285,705

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$6,775	$7,534
Depreciation and amortization	4,001	4,171
Loss (gain) on disposition of properties, net	67	-559
Deferred income tax (benefit) expense	-122	186
Stock-based compensation expense	216	184
Change in assets and liabilities:	'	'
Accounts receivable, net	-989	-14,060
Inventories	640	11,767
Prepaid expenses and other current assets	1,011	205
Accounts payable	466	5,240
Accrued expenses	-8,723	-8,456
Income taxes payable	3,737	4,306
Other long-term liabilities	405	-27
Other, net	-82	-207
Net cash provided by operating activities	7,402	10,284
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchases of property, plant and equipment	-3,062	-1,586
Proceeds from disposition of assets	'	870
Other	-55	-68
Net cash used in investing activities	-3,117	-784
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Borrowings under revolving credit facility	64,731	81,645
Repayments of revolving credit borrowings	-68,756	-89,426
Principal payments on long-term debt	-836	-716
Increase (decrease) in book overdraft	862	-1,015
Issuance of Common Stock under equity award plans	27	24
Tax benefit of equity award exercises	48	'
Net cash used in financing activities	-3,924	-9,488
NET INCREASE IN CASH	361	12
Cash, beginning of period	834	2,459
Cash, end of period	$1,195	$2,471

Basis_of_Presentation_and_Desc

Basis of Presentation and Description of Business	3 Months Ended
	Sep. 26, 2013
Accounting Policies [Abstract]	'
Basis of Presentation and Description of Business	'
	Note 1 – Basis of Presentation and Description of Business
	As used herein, unless the context otherwise indicates, the terms “Company”, “we”, “us”, “our” or “our Company” collectively refer to John B. Sanfilippo & Son, Inc. and our two wholly-owned subsidiaries, JBSS Real Estate, LLC and JBSS Ventures, LLC. Our fiscal year ends on the final Thursday of June each year, and typically consists of fifty-two weeks (four thirteen-week quarters). Additional information on the comparability of the periods presented is as follows:
		•	References herein to fiscal 2014 and fiscal 2013 are to the fiscal year ending June 26, 2014 and the fiscal year ended June 27, 2013, respectively.
		•	References herein to the first quarter of fiscal 2014 and fiscal 2013 are to the quarters ended September 26, 2013 and September 27, 2012, respectively.
	We are one of the leading processors and distributors of peanuts and tree nuts in the United States. These nuts are sold under a variety of private brands and under the Fisher, Orchard Valley Harvest and Sunshine Country brand names. We also market and distribute, and in most cases manufacture or process, a diverse product line of food and snack products, including peanut butter, almond butter, candy and confections, snacks and trail mixes, sunflower seeds, dried fruit, corn snacks, sesame sticks and other sesame snack products under private brands and brand names. Our products are sold through the major distribution channels to significant buyers of nuts, including food retailers, commercial ingredient users, contract packaging customers and international customers.
	The accompanying unaudited financial statements fairly present the consolidated statements of comprehensive income, consolidated balance sheets and consolidated statements of cash flows, and reflect all adjustments, consisting only of normal recurring adjustments which are necessary for the fair statement of the results of the interim periods.
	The interim results of operations are not necessarily indicative of the results to be expected for a full year. The balance sheet data as of June 27, 2013 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). Accordingly, these unaudited financial statements and related notes should be read in conjunction with the audited consolidated financial statements and notes thereto included in our 2013 Annual Report on Form 10-K for the fiscal year ended June 27, 2013.

Inventories

Inventories	3 Months Ended
	Sep. 26, 2013
Inventory Disclosure [Abstract]	'
Inventories	'
	Note 2 – Inventories
	Inventories are stated at the lower of cost (first in, first out) or market which approximates actual cost. Raw materials and supplies include costs of nut and nut related products. Work-in-process and finished goods include labor and manufacturing overhead costs. Inventories consist of the following:
		September 26,		June 27,		September 27,
		2013		2013		2012
	Raw material and supplies	$	69,873	$	80,925	$	49,055
	Work-in-process and finished goods		88,193		77,781		85,562
	Total	$	158,066	$	158,706	$	134,617

Intangible_Assets

Intangible Assets	3 Months Ended
	Sep. 26, 2013
Goodwill And Intangible Assets Disclosure [Abstract]	'
Intangible Assets	'
	Note 3 – Intangible Assets
	Intangible assets subject to amortization consist of the following:
		September 26,			June 27,			September 27,
		2013			2013			2012
	Customer relationships	$	10,600		$	10,600		$	10,600
	Non-compete agreement		5,400			5,400			5,400
	Brand names		8,090			8,090			8,090
	Total intangible assets, gross		24,090			24,090			24,090
	Less accumulated amortization:
	Customer relationships		(5,067	)		(4,689	)		(3,553	)
	Non-compete agreement		(3,771	)		(3,501	)		(2,361	)
	Brand names		(8,034	)		(8,025	)		(7,999	)
	Total accumulated amortization		(16,872	)		(16,215	)		(13,913	)
	Net intangible assets	$	7,218		$	7,875		$	10,177
	Customer relationships and the non-compete agreement relate wholly to the Orchard Valley Harvest (“OVH”) acquisition completed in 2010. Customer relationships are being amortized on a straight line basis over seven years. The non-compete agreement is being amortized based upon the expected pattern of cash flow annual benefit over a five year period. The brand names consist primarily of the Fisher brand name, which we acquired in a 1995 acquisition. The Fisher brand name became fully amortized in fiscal 2011. The remaining brand name relates to the OVH acquisition and is being amortized on a straight line basis over five years.

Primary_Financing_Facilities

Primary Financing Facilities	3 Months Ended
	Sep. 26, 2013
Debt Disclosure [Abstract]	'
Primary Financing Facilities	'
	Note 4 – Primary Financing Facilities
	On February 7, 2008, we entered into a Credit Agreement with a bank group (the “Bank Lenders”) providing a $117,500 revolving loan commitment and letter of credit subfacility and subsequently amended the Credit Agreement in March 2010, July 2011, October 2011 and January 2013 (as amended, the “Credit Facility”). At September 26, 2013, we had $85,708 of available credit under the Credit Facility which reflects borrowings of $27,842 and reduced availability as a result of $3,950 in outstanding letters of credit. As of September 26, 2013, we were in compliance with all covenants under the Credit Facility. We would still be in compliance with all restrictive covenants under the Credit Facility if the entire available amount were borrowed.
	Also on February 7, 2008, we entered into a Loan Agreement with an insurance company (the “Mortgage Lender”) providing us with two term loans, one in the amount of $36,000 (“Tranche A”) and the other in the amount of $9,000 (“Tranche B”), for an aggregate amount of $45,000 (the “Mortgage Facility”). As of September 26, 2013, we were in compliance with all covenants under the Mortgage Facility. We have classified $20,800 under Tranche A as long-term debt at September 26, 2013 which represents scheduled principal payments due beyond twelve months. All amounts outstanding under Tranche B are classified as short-term debt as of September 26, 2013, since the Mortgage Lender has the option to use proceeds of any sale of the site that was originally purchased by the Company in Elgin, Illinois to reduce the amount outstanding under Tranche B.

Income_Taxes

Income Taxes	3 Months Ended
	Sep. 26, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Note 5 – Income Taxes
	At the beginning of fiscal year 2014, we had gross state tax net operating losses of approximately $5,040 that will expire between 2017 and 2030 if not utilized.
	As of September 26, 2013, unrecognized tax benefits and accrued interest and penalties were not material. There were no material changes to the amount of unrecognized tax benefits during the first quarter of fiscal 2014. We do not anticipate that total unrecognized tax benefits will significantly change in the next twelve months.
	We file income tax returns with federal and state tax authorities within the United States of America. Our federal tax returns are open for audit for fiscal 2011 and later. Our Illinois tax returns are open for audit for fiscal 2009 and later. Our California tax returns are open for audit for fiscal 2008 and later. No other tax jurisdictions are material to us.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Sep. 26, 2013
Earnings Per Share [Abstract]	'
Earnings Per Common Share	'
	Note 6 – Earnings Per Common Share
	Basic earnings per common share are calculated using the weighted average number of shares of Common Stock and Class A Common Stock outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue Common Stock (i) were exercised or converted into Common Stock or (ii) resulted in the issuance of Common Stock. The following table presents the reconciliation of the weighted average shares outstanding used in computing basic and diluted earnings per share:
		For the Quarter Ended
		September 26,		September 27,
		2013		2012
	Weighted average number of shares outstanding – basic		10,960,737		10,796,682
	Effect of dilutive securities:
	Stock options and restricted stock units		136,237		159,426
	Weighted average number of shares outstanding – diluted		11,096,974		10,956,108
	The following table presents a summary of anti-dilutive stock options excluded from the computation of diluted earnings per share:
		For the Quarter Ended
		September 26,		September 27,
		2013		2012
	Weighted average number of anti-dilutive shares		3,750		59,250
	Weighted average exercise price	$	26.04	$	18.65

StockBased_Compensation_Plans

Stock-Based Compensation Plans	3 Months Ended
	Sep. 26, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Stock-Based Compensation Plans	'
	Note 7 – Stock-Based Compensation Plans
	During the quarter ended September 26, 2013 there was no significant stock option activity.
	During the quarter ended September 26, 2013, 11,000 restricted stock units (“RSUs”) vested, with a weighted-average grant-date fair value of $13.00. Of the RSUs outstanding as of September 26, 2013, 38,000 are vested and the non-vested RSUs will vest over a weighted average period of 1.0 years.
	Compensation expense attributable to stock-based compensation during the first quarter of fiscal 2014 and fiscal 2013 was $216 and $184, respectively. As of September 26, 2013, there was $763 of total unrecognized compensation cost related to non-vested, share-based compensation arrangements granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.0 years.

Retirement_Plan

Retirement Plan	3 Months Ended
	Sep. 26, 2013
Compensation And Retirement Disclosure [Abstract]	'
Retirement Plan	'
	Note 8 – Retirement Plan
	On August 2, 2007, our Compensation, Nominating and Corporate Governance Committee approved a restated Supplemental Retirement Plan (the “SERP”) for certain of our executive officers and key employees, effective as of August 25, 2005. The purpose of the SERP is to provide an unfunded, non-qualified deferred compensation benefit upon retirement, disability or death to certain executive officers and key employees. The monthly benefit is based upon each individual’s earnings and his or her number of years of service. Administrative expenses include the following net periodic benefit costs:
		For the Quarter Ended
		September 26,			September 27,
		2013			2012
	Service cost	$	81		$	86
	Interest cost		159			142
	Amortization of prior service cost		239			239
	Amortization of gain		(17	)		—
	Net periodic benefit cost	$	462		$	467

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 26, 2013
Equity [Abstract]	'
Accumulated Other Comprehensive Loss	'
	Note 9 – Accumulated Other Comprehensive Loss
	The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the quarter ended
	September 26, 2013.(a) These changes are all related to our defined benefit pension plan.
			Accumulated
			other
			comprehensive
			loss
	Balance—June 27, 2013		$	(3,164	)
	Other comprehensive income before reclassifications			—
	Amounts reclassified from accumulated other comprehensive loss			222
	Tax effect			(89	)
	Net current-period other comprehensive income			133
	Balance—September 26, 2013		$	(3,031	)
	(a)	Amounts in parenthesis indicate debits/expense.
	The reclassifications out of accumulated other comprehensive loss for the quarter ended September 26, 2013 were as follows:
	Reclassifications from AOCL to earnings		Amount			Affected line item in the
			Reclassified			Consolidated Statements of
			from AOCL(b)			Comprehensive Income
	Amortization of defined benefit pension items:
	Unrecognized prior service cost		$	(239	)	Administrative expenses
	Unrecognized net gain			17		Administrative expenses
	Total before tax			(222	)
	Tax effect			89		Income tax expense
	Amortization of defined pension items, net of tax		$	(133	)
	(b)	Amounts in parenthesis indicate debits to expense. See Note 8-Retirement Plan for additional details.

Assets_Held_for_Sale

Assets Held for Sale	3 Months Ended
	Sep. 26, 2013
Text Block [Abstract]	'
Assets Held for Sale	'
	Note 10 – Assets Held for Sale
	Since March 2006 we have owned property in Elgin, Illinois (the “Old Elgin Site”) originally purchased for our facility consolidation project. During the third quarter of fiscal 2013 we reached an agreed upon sales contract with a third party which has since been executed. The planned sale of this property meets the criteria of an asset “Held for Sale” in accordance with ASC 360, Property, Plant and Equipment. Assets held for sale are required to be measured at the lower of their carrying value or fair value less cost to sell. No adjustment to fair value less costs to sell was required. A current asset of $6,175 is presented in the consolidated balance sheets at September 26, 2013.

Distribution_Channel_and_Produ

Distribution Channel and Product Type Sales Mix	3 Months Ended
	Sep. 26, 2013
Text Block [Abstract]	'
Distribution Channel and Product Type Sales Mix	'
	Note 11 – Distribution Channel and Product Type Sales Mix
	We operate in a single reportable segment through which we sell various nut and nut related products through multiple distribution channels.
	The following summarizes net sales by distribution channel:
			For the Quarter Ended
	Distribution Channel		September 26,			September 27,
			2013			2012
	Consumer*		$	96,510		$	107,607
	Commercial Ingredients			50,020			43,366
	Contract Packaging			23,323			18,480
	Export			6,844			8,054
	Total		$	176,697		$	177,507
	*	Sales of branded products were approximately 29% and 31% of total consumer sales during the first quarter of fiscal 2014 and fiscal 2013, respectively.
	The following summarizes sales by product type as a percentage of total gross sales. The information is based upon gross sales, rather than net sales, because certain adjustments, such as promotional discounts, are not allocable to product type.
			For the Quarter Ended
	Product Type		September 26,			September 27,
			2013			2012
	Peanuts			15.8	%		20.3	%
	Pecans			13.1			16.1
	Cashews & Mixed Nuts			18.9			19
	Walnuts			11.2			11.6
	Almonds			21.7			15.8
	Other			19.3			17.2
	Total			100	%		100	%
	For all periods presented, the largest component of the “Other” product type is trail and snack mixes which include nut products.

Commitments_and_Contingent_Lia

Commitments and Contingent Liabilities	3 Months Ended
	Sep. 26, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Commitments and Contingent Liabilities	'
	Note 12 – Commitments and Contingent Liabilities
	We are currently a party to various legal proceedings in the ordinary course of business. While management presently believes that the ultimate outcomes of these proceedings, individually and in the aggregate, will not materially affect our Company’s financial position, results of operations or cash flows, legal proceedings are subject to inherent uncertainties, and unfavorable outcomes could occur. Unfavorable outcomes could include substantial monetary damages in excess of any appropriate accruals which management has established. Were such unfavorable final outcomes to occur, there exists the possibility of a material adverse effect on our financial position, results of operations and cash flows.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Sep. 26, 2013
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments	'
	Note 13 – Fair Value of Financial Instruments
	Authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) defines fair value as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The guidance establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels:
	Level 1	–		Quoted prices in active markets that are accessible at the measurement date for identical assets and liabilities.
	Level 2	–		Observable inputs other than quoted prices in active markets. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
	Level 3	–		Unobservable inputs for which there is little or no market data available.
	The carrying values of cash, trade accounts receivable and accounts payable approximate their fair values at each balance sheet date because of the short-term maturities and nature of these balances.
	The carrying value of our revolving credit facility borrowings approximates fair value at each balance sheet date because interest rates on this instrument approximate current market rates (Level 2 criteria), the short-term maturity and nature of this balance. In addition, there has been no significant change in our inherent credit risk.
	The following table summarizes the carrying value and fair value estimate of our long term debt, including current maturities:
		September 26,			June 27,		September 27,
		2013			2013		2012
	Carrying value of long-term debt:	$	41,519		$	42,355	$	48,214
	Fair value of long-term debt:		45,371			46,059		52,781
	The estimated fair value of our long-term debt was determined using a market approach based upon Level 2 observable inputs, which estimates fair value based on interest rates currently offered on loans with similar terms to borrowers of similar credit quality or broker quotes. In addition, there have been no significant changes in the underlying assets securing our long-term debt.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Sep. 26, 2013
Accounting Changes And Error Corrections [Abstract]	'
Recent Accounting Pronouncements	'
	Note 14 – Recent Accounting Pronouncements
	In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220)—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The update requires presentation by the respective line items of net income, either on the face of the statement where net income is presented or in the notes, information about significant amounts required under U.S. GAAP to be reclassified out of accumulated other comprehensive income in their entirety. For amounts not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. This update is effective for fiscal years beginning on or after December 15, 2012, and interim periods within those annual periods. We adopted this update this fiscal quarter. Because the update only affects the presentation of comprehensive income and does not impact what is included in comprehensive income, the adoption of this update did not have an impact on our financial position, results of operations, or cash flows.

Subsequent_Event

Subsequent Event	3 Months Ended
	Sep. 26, 2013
Subsequent Events [Abstract]	'
Subsequent Event	'
	Note 15 – Subsequent Event
	On October 29, 2013, our Board of Directors, after considering the financial position of our Company, declared a special cash dividend of $1.50 per share on all issued and outstanding shares of Common Stock and Class A Common Stock of the Company (the “Special Dividend”). The Special Dividend will be paid on December 5, 2013, to stockholders of record at the close of business on November 21, 2013. The ex-dividend date is the close of business on November 19, 2013. The Company obtained the appropriate consent from the Bank Lenders in order to declare and pay this Special Dividend. The total amount of cash expected to be paid to stockholders under the Special Dividend will be approximately $17,000.

Recent_Accounting_Pronouncemen1

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Sep. 26, 2013
Accounting Changes And Error Corrections [Abstract]	'
Recent Accounting Pronouncements	'
	In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220)—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The update requires presentation by the respective line items of net income, either on the face of the statement where net income is presented or in the notes, information about significant amounts required under U.S. GAAP to be reclassified out of accumulated other comprehensive income in their entirety. For amounts not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. This update is effective for fiscal years beginning on or after December 15, 2012, and interim periods within those annual periods. We adopted this update this fiscal quarter. Because the update only affects the presentation of comprehensive income and does not impact what is included in comprehensive income, the adoption of this update did not have an impact on our financial position, results of operations, or cash flows.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Sep. 26, 2013
Inventory Disclosure [Abstract]	'
Components of Inventories	'
	Inventories consist of the following:
		September 26,		June 27,		September 27,
		2013		2013		2012
	Raw material and supplies	$	69,873	$	80,925	$	49,055
	Work-in-process and finished goods		88,193		77,781		85,562
	Total	$	158,066	$	158,706	$	134,617

Intangible_Assets_Tables

Intangible Assets (Tables)	3 Months Ended
	Sep. 26, 2013
Goodwill And Intangible Assets Disclosure [Abstract]	'
Components of Intangible Assets	'
	Intangible assets subject to amortization consist of the following:
		September 26,			June 27,			September 27,
		2013			2013			2012
	Customer relationships	$	10,600		$	10,600		$	10,600
	Non-compete agreement		5,400			5,400			5,400
	Brand names		8,090			8,090			8,090
	Total intangible assets, gross		24,090			24,090			24,090
	Less accumulated amortization:
	Customer relationships		(5,067	)		(4,689	)		(3,553	)
	Non-compete agreement		(3,771	)		(3,501	)		(2,361	)
	Brand names		(8,034	)		(8,025	)		(7,999	)
	Total accumulated amortization		(16,872	)		(16,215	)		(13,913	)
	Net intangible assets	$	7,218		$	7,875		$	10,177

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Sep. 26, 2013
Earnings Per Share [Abstract]	'
Weighted Average Shares Outstanding Used in Computing Earning Per Share	'
	The following table presents the reconciliation of the weighted average shares outstanding used in computing basic and diluted earnings per share:
		For the Quarter Ended
		September 26,		September 27,
		2013		2012
	Weighted average number of shares outstanding – basic		10,960,737		10,796,682
	Effect of dilutive securities:
	Stock options and restricted stock units		136,237		159,426
	Weighted average number of shares outstanding – diluted		11,096,974		10,956,108
Summary of Anti-dilutive Stock Options Excluded from Computation of Diluted Earnings Per Share	'
	The following table presents a summary of anti-dilutive stock options excluded from the computation of diluted earnings per share:
		For the Quarter Ended
		September 26,		September 27,
		2013		2012
	Weighted average number of anti-dilutive shares		3,750		59,250
	Weighted average exercise price	$	26.04	$	18.65

Retirement_Plan_Tables

Retirement Plan (Tables)	3 Months Ended
	Sep. 26, 2013
Compensation And Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Costs	'
	Administrative expenses include the following net periodic benefit costs:
		For the Quarter Ended
		September 26,			September 27,
		2013			2012
	Service cost	$	81		$	86
	Interest cost		159			142
	Amortization of prior service cost		239			239
	Amortization of gain		(17	)		—
	Net periodic benefit cost	$	462		$	467

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 26, 2013
Equity [Abstract]	'
Changes in Accumulated Other Comprehensive Loss	'
	The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the quarter ended
	September 26, 2013.(a) These changes are all related to our defined benefit pension plan.
			Accumulated
			other
			comprehensive
			loss
	Balance—June 27, 2013		$	(3,164	)
	Other comprehensive income before reclassifications			—
	Amounts reclassified from accumulated other comprehensive loss			222
	Tax effect			(89	)
	Net current-period other comprehensive income			133
	Balance—September 26, 2013		$	(3,031	)
	(a)	Amounts in parenthesis indicate debits/expense.
Reclassification Out of Accumulated Other Comprehensive Loss	'
	The reclassifications out of accumulated other comprehensive loss for the quarter ended September 26, 2013 were as follows:
	Reclassifications from AOCL to earnings		Amount			Affected line item in the
			Reclassified			Consolidated Statements of
			from AOCL(b)			Comprehensive Income
	Amortization of defined benefit pension items:
	Unrecognized prior service cost		$	(239	)	Administrative expenses
	Unrecognized net gain			17		Administrative expenses
	Total before tax			(222	)
	Tax effect			89		Income tax expense
	Amortization of defined pension items, net of tax		$	(133	)
	(b)	Amounts in parenthesis indicate debits to expense. See Note 8-Retirement Plan for additional details.

Distribution_Channel_and_Produ1

Distribution Channel and Product Type Sales Mix (Tables)	3 Months Ended
	Sep. 26, 2013
Text Block [Abstract]	'
Schedule of Revenue by Distribution Channel	'
	The following summarizes net sales by distribution channel:
			For the Quarter Ended
	Distribution Channel		September 26,			September 27,
			2013			2012
	Consumer*		$	96,510		$	107,607
	Commercial Ingredients			50,020			43,366
	Contract Packaging			23,323			18,480
	Export			6,844			8,054
	Total		$	176,697		$	177,507
	*	Sales of branded products were approximately 29% and 31% of total consumer sales during the first quarter of fiscal 2014 and fiscal 2013, respectively.
Schedule of Sales by Product Type as Percentage of Gross Sales	'
	The following summarizes sales by product type as a percentage of total gross sales. The information is based upon gross sales, rather than net sales, because certain adjustments, such as promotional discounts, are not allocable to product type.
			For the Quarter Ended
	Product Type		September 26,			September 27,
			2013			2012
	Peanuts			15.8	%		20.3	%
	Pecans			13.1			16.1
	Cashews & Mixed Nuts			18.9			19
	Walnuts			11.2			11.6
	Almonds			21.7			15.8
	Other			19.3			17.2
	Total			100	%		100	%

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 26, 2013
Fair Value Disclosures [Abstract]	'
Carrying Value and Fair Value Estimate of Long Term Debt	'
	The following table summarizes the carrying value and fair value estimate of our long term debt, including current maturities:
		September 26,		June 27,		September 27,
		2013		2013		2012
	Carrying value of long-term debt:	$	41,519	$	42,355	$	48,214
	Fair value of long-term debt:		45,371		46,059		52,781

Basis_of_Presentation_and_Desc1

Basis of Presentation and Description of Business - Additional Information (Detail)	3 Months Ended
	Sep. 26, 2013
Organization Consolidation And Presentation Of Financial Statements [Abstract]	'
Number of weeks in fiscal year	'364 days
Number of weeks in quarter	'91 days

Inventories_Components_of_Inve

Inventories - Components of Inventories (Detail) (USD $)	Sep. 26, 2013	Jun. 27, 2013	Sep. 27, 2012
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'	'
Raw material and supplies	$69,873	$80,925	$49,055
Work-in-process and finished goods	88,193	77,781	85,562
Total	$158,066	$158,706	$134,617

Intangible_Assets_Components_o

Intangible Assets - Components of Intangible Assets (Detail) (USD $)	Sep. 26, 2013	Jun. 27, 2013	Sep. 27, 2012
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'	'	'
Total intangible assets, gross	$24,090	$24,090	$24,090
Less accumulated amortization:	'	'	'
Total accumulated amortization	-16,872	-16,215	-13,913
Net intangible assets	7,218	7,875	10,177
Customer relationships [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Total intangible assets, gross	10,600	10,600	10,600
Less accumulated amortization:	'	'	'
Total accumulated amortization	-5,067	-4,689	-3,553
Non-compete agreement [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Total intangible assets, gross	5,400	5,400	5,400
Less accumulated amortization:	'	'	'
Total accumulated amortization	-3,771	-3,501	-2,361
Brand names [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Total intangible assets, gross	8,090	8,090	8,090
Less accumulated amortization:	'	'	'
Total accumulated amortization	($8,034)	($8,025)	($7,999)

Intangible_Assets_Additional_I

Intangible Assets - Additional Information (Detail)	3 Months Ended
	Sep. 26, 2013
Customer relationships [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
Amortization period	'7 years
Non-compete agreement [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
Amortization period	'5 years
Brand names [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
Amortization period	'5 years

Primary_Financing_Facilities_A

Primary Financing Facilities - Additional Information (Detail) (USD $)	Sep. 26, 2013	Jun. 27, 2013	Sep. 27, 2012	Sep. 26, 2013	Feb. 07, 2008	Feb. 07, 2008	Feb. 07, 2008	Feb. 07, 2008
In Thousands, unless otherwise specified				Mortgage Facility Tranche A [Member]	Mortgage Facility Tranche A [Member]	Mortgage Facility Tranche B [Member]	Mortgage Facility [Member]	Revolving Credit Facility [Member]
Debt [Line Items]	'	'	'	'	'	'	'	'
Revolving loan commitment and letter of credit sub facility	'	'	'	'	'	'	'	$117,500
Available credit under the Credit Facility	85,708	'	'	'	'	'	'	'
Borrowings	27,842	31,867	38,067	'	'	'	'	'
Outstanding letters of credit	3,950	'	'	'	'	'	'	'
Amounts of term loans	$41,519	$42,355	$48,214	$20,800	$36,000	$9,000	$45,000	'

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013
Operating Loss Carryforwards [Line Items]	'
Gross state tax net operating losses expiration dates	'Between 2017 and 2030
State and Local Jurisdiction [Member]	'
Operating Loss Carryforwards [Line Items]	'
Gross state tax net operating losses	5,040
United States [Member]	'
Operating Loss Carryforwards [Line Items]	'
Year of tax return audit	'2011
Illinois [Member]	'
Operating Loss Carryforwards [Line Items]	'
Year of tax return audit	'2009
California [Member]	'
Operating Loss Carryforwards [Line Items]	'
Year of tax return audit	'2008

Earnings_Per_Common_Share_Weig

Earnings Per Common Share - Weighted Average Shares Outstanding Used in Computing Earnings Per Share (Detail)	3 Months Ended
	Sep. 26, 2013	Sep. 27, 2012
Weighted Average Shares Outstanding [Abstract]	'	'
Weighted average number of shares outstanding - basic	10,960,737	10,796,682
Effect of dilutive securities:	'	'
Stock options and restricted stock units	136,237	159,426
Weighted average number of shares outstanding - diluted	11,096,974	10,956,108

Earnings_Per_Common_Share_Summ

Earnings Per Common Share - Summary of Anti Dilutive Stock Options Excluded From Computation of Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended
	Sep. 26, 2013	Sep. 27, 2012
Anti Dilutive Shares [Abstract]	'	'
Weighted average number of anti-dilutive shares	3,750	59,250
Weighted average exercise price	$26.04	$18.65

Stock_Based_Compensation_Plans

Stock Based Compensation Plans - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Compensation expense attributable to stock-based compensation	$216	$184
Unrecognized compensation cost related to non-vested share-based compensation	$763	'
Expected weighted average recognize period of unrecognized compensation cost related to non-vested share-based compensation	'1 year	'
Restricted Stock Units R S U [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Restricted stock units vested	11,000	'
Restricted stock units vested Weighted-average grant-date fair value	$13	'
Restricted stock units vested	38,000	'
Vesting period of restricted stock units granted	'1 year	'

Retirement_Plan_Schedule_of_Ne

Retirement Plan - Schedule of Net Benefit Costs (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Compensation And Retirement Disclosure [Abstract]	'	'
Service cost	$81	$86
Interest cost	159	142
Amortization of prior service cost	239	239
Amortization of gain	-17	'
Net periodic benefit cost	$462	$467

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax [Abstract]	'	'
Balance - June 27, 2013	($3,164)	($4,183)
Other comprehensive income before reclassifications	'	'
Amounts reclassified from accumulated other comprehensive loss	222	'
Tax effect	-89	'
Net current-period other comprehensive income	133	'
Balance - September 26, 2013	($3,031)	($4,183)

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Loss - Reclassification Out of Accumulated Other Comprehensive Loss (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
Total before tax	($222)	'
Tax effect	-89	-96
Amortization of defined pension items, net of tax	133	143
Amortization of defined benefit pension items [Member] | Amount Reclassified from AOCL [Member]	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
Total before tax	-222	'
Tax effect	89	'
Amortization of defined pension items, net of tax	-133	'
Amortization of defined benefit pension items [Member] | Amount Reclassified from AOCL [Member] | Administrative Expenses [Member]	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
Unrecognized prior service cost	-239	'
Unrecognized net gain	$17	'

Assets_Held_for_Sale_Additiona

Assets Held for Sale - Additional Information (Detail) (USD $)	Sep. 26, 2013	Jun. 27, 2013
In Thousands, unless otherwise specified
Assets Held For Sale Current [Abstract]	'	'
Assets held for sale	$6,175	$6,175

Distribution_Channel_and_Produ2

Distribution Channel and Product Type Sales Mix - Schedule of Revenue by Distribution Channel (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2013	Sep. 27, 2012
Distribution Channel Reporting Information [Line Items]	'	'
Total	$176,697	$177,507
Consumer [Member]	'	'
Distribution Channel Reporting Information [Line Items]	'	'
Total	96,510	107,607
Commercial Ingredients [Member]	'	'
Distribution Channel Reporting Information [Line Items]	'	'
Total	50,020	43,366
Contract Packaging [Member]	'	'
Distribution Channel Reporting Information [Line Items]	'	'
Total	23,323	18,480
Export [Member]	'	'
Distribution Channel Reporting Information [Line Items]	'	'
Total	$6,844	$8,054

Distribution_Channel_and_Produ3

Distribution Channel and Product Type Sales Mix - Schedule of Revenue by Distribution Channel (Parenthetical) (Detail) (Branded products [Member], Sales [Member])	3 Months Ended	12 Months Ended
	Sep. 26, 2013	Jun. 27, 2013
Branded products [Member] | Sales [Member]	'	'
Distribution Channel Reporting Information [Line Items]	'	'
Percentage of total consumer sales comprised of sale of branded products	29.00%	31.00%

Distribution_Channel_and_Produ4

Distribution Channel and Product Type Sales Mix - Schedule of Sales by Product Type as Percentage of Gross Sales (Detail)	3 Months Ended
	Sep. 26, 2013	Sep. 27, 2012
Product Type Reporting Information [Line Items]	'	'
Total	100.00%	100.00%
Peanuts [Member]	'	'
Product Type Reporting Information [Line Items]	'	'
Total	15.80%	20.30%
Pecans [Member]	'	'
Product Type Reporting Information [Line Items]	'	'
Total	13.10%	16.10%
Cashews & Mixed Nuts [Member]	'	'
Product Type Reporting Information [Line Items]	'	'
Total	18.90%	19.00%
Walnuts [Member]	'	'
Product Type Reporting Information [Line Items]	'	'
Total	11.20%	11.60%
Almonds [Member]	'	'
Product Type Reporting Information [Line Items]	'	'
Total	21.70%	15.80%
Other [Member]	'	'
Product Type Reporting Information [Line Items]	'	'
Total	19.30%	17.20%

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Carrying Value and Fair Value Estimate of Long Term Debt (Detail) (USD $)	Sep. 26, 2013	Jun. 27, 2013	Sep. 27, 2012
In Thousands, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'	'
Carrying value of long-term debt:	$41,519	$42,355	$48,214
Fair value of long-term debt:	$45,371	$46,059	$52,781

Subsequent_Event_Additional_In

Subsequent Event - Additional Information (Detail) (Subsequent Event [Member], USD $)	1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 29, 2013
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Special cash dividend	$1.50
Special dividend payout expected	$17,000
Dividend payable date, declared day	29-Oct-13
Dividend Payable Date	5-Dec-13
Dividend payable, ex-dividend date	19-Nov-13