John B. Sanfilippo & Son (JBSS) 10-Q 2 Nov 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 28, 2017	Oct. 20, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 28, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	JBSS
Entity Registrant Name	SANFILIPPO JOHN B & SON INC
Entity Central Index Key	880,117
Current Fiscal Year End Date	--06-28
Entity Filer Category	Accelerated Filer
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,699,983
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,597,426

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Statement of Comprehensive Income [Abstract]
Net sales	$ 214,791	$ 222,293
Cost of sales	179,951	185,818
Gross profit	34,840	36,475
Operating expenses:
Selling expenses	10,945	11,271
Administrative expenses	6,559	8,115
Total operating expenses	17,504	19,386
Income from operations	17,336	17,089
Other expense:
Interest expense including $194 and $190 to related parties	781	622
Rental and miscellaneous expense, net	622	410
Other expense	492	533
Total other expense, net	1,895	1,565
Income before income taxes	15,441	15,524
Income tax expense	5,009	5,344
Net income	10,432	10,180
Other comprehensive income:
Amortization of prior service cost and actuarial loss included in Other expense	279	330
Income tax expense related to pension adjustments	(108)	(125)
Other comprehensive income, net of tax:	171	205
Comprehensive income	$ 10,603	$ 10,385
Net income per common share-basic	$ 0.92	$ 0.90
Net income per common share-diluted	0.91	0.89
Cash dividends declared per share	$ 2.50	$ 2.50

Consolidated Statements of Com3

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Statement of Comprehensive Income [Abstract]
Interest expense to related parties	$ 194	$ 190

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 28, 2017	Jun. 29, 2017	Sep. 29, 2016
CURRENT ASSETS:
Cash	$ 869	$ 1,955	$ 1,362
Accounts receivable, less allowance for doubtful accounts of $273, $263 and $418	71,576	64,830	75,741
Inventories	165,898	182,420	147,196
Prepaid expenses and other current assets	4,543	4,172	3,819
TOTAL CURRENT ASSETS	242,886	253,377	228,118
PROPERTY, PLANT AND EQUIPMENT:
Land	9,285	9,285	9,285
Buildings	107,278	107,015	106,566
Machinery and equipment	194,449	194,099	190,383
Furniture and leasehold improvements	4,928	4,842	4,733
Vehicles	535	498	453
Construction in progress	5,287	1,075	3,245
Property, plant and equipment gross	321,762	316,814	314,665
Less: Accumulated depreciation	213,252	210,606	203,782
Property, plant and equipment net	108,510	106,208	110,883
Rental investment property, less accumulated depreciation of $9,837, $9,639 and $9,045	19,056	19,254	19,848
TOTAL PROPERTY, PLANT AND EQUIPMENT	127,566	125,462	130,731
Cash surrender value of officers' life insurance and other assets	9,541	10,125	10,001
Deferred income taxes	9,668	9,095	9,055
Intangible assets, net of accumulated amortization of $18,690, $18,690 and $17,700			990
TOTAL ASSETS	389,661	398,059	378,895
CURRENT LIABILITIES:
Revolving credit facility borrowings	36,454	29,456	1,255
Current maturities of long-term debt, including related party debt of $482, $474 and $449 and net of unamortized debt issuance costs of $53, $55 and $63	3,429	3,418	3,387
Accounts payable, including related party payables of $0, $178 and $233	54,544	50,047	60,432
Bank overdraft	1,484	932	1,896
Accrued payroll and related benefits	8,065	15,958	9,287
Other accrued expenses	15,009	10,062	12,097
TOTAL CURRENT LIABILITIES	118,985	109,873	88,354
LONG-TERM LIABILITIES:
Long-term debt, less current maturities, including related party debt of $10,461, $10,584 and $10,943 and net of unamortized debt issuance costs of $111, $124 and $164	24,350	25,211	27,779
Retirement plan	21,195	20,994	22,334
Other	6,876	6,513	6,393
TOTAL LONG-TERM LIABILITIES	52,421	52,718	56,506
TOTAL LIABILITIES	171,406	162,591	144,860
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Capital in excess of par value	118,326	117,772	115,787
Retained earnings	105,252	123,190	125,559
Accumulated other comprehensive loss	(4,233)	(4,404)	(6,220)
Treasury stock, at cost; 117,900 shares of Common Stock	(1,204)	(1,204)	(1,204)
TOTAL STOCKHOLDERS' EQUITY	218,255	235,468	234,035
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	389,661	398,059	378,895
Class A Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common Stock	26	26	26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]
STOCKHOLDERS' EQUITY:
Common Stock	$ 88	$ 88	$ 87

Consolidated Balance Sheets (U5

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 28, 2017	Jun. 29, 2017	Sep. 29, 2016
Allowance for doubtful accounts for accounts receivable, current	$ 273	$ 263	$ 418
Accumulated depreciation of rental investment property	9,837	9,639	9,045
Intangible assets, net of accumulated amortization	18,690	18,690	17,700
Current maturities of long-term debt, related party debt	482	474	449
Unamortized debt issuance costs, current	53	55	63
Accounts payable, related party payables	0	178	233
Related party debt, Non-current	10,461	10,584	10,943
Unamortized debt issuance costs, noncurrent	$ 111	$ 124	$ 164
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, Non-Cumulative Voting Rights of One Vote Per Share [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	8,817,883	8,801,641	8,732,593

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 10,432	$ 10,180
Depreciation and amortization	3,325	4,025
Loss on disposition of assets, net	165	36
Deferred income tax benefit	(573)	(465)
Stock-based compensation expense	538	550
Change in assets and liabilities:
Accounts receivable, net	(6,746)	2,346
Inventories	16,522	9,377
Prepaid expenses and other current assets	(371)	554
Accounts payable	2,682	15,808
Accrued expenses	(7,254)	(6,732)
Income taxes payable	4,308	5,797
Other long-term assets and liabilities	37	(297)
Other, net	372	428
Net cash provided by operating activities	23,437	41,607
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(2,876)	(3,705)
Other, net	22	1
Net cash used in investing activities	(2,854)	(3,704)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facility	113,298	75,282
Repayments of revolving credit borrowings	(106,300)	(86,111)
Principal payments on long-term debt	(865)	(898)
Increase in bank overdraft	552	1,085
Dividends paid	(28,370)	(28,150)
Issuance of Common Stock under equity award plans	16	31
Net cash used in financing activities	(21,669)	(38,761)
NET DECREASE IN CASH	(1,086)	(858)
Cash, beginning of period	1,955	2,220
Cash, end of period	$ 869	$ 1,362

Basis of Presentation and Descr

Basis of Presentation and Description of Business	3 Months Ended
	Sep. 28, 2017
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 “we”, “us”, “our” or “Company” collectively refer to John B. Sanfilippo & Son, Inc. and our wholly-owned subsidiary, JBSS Ventures, LLC. Our fiscal year ends on the final Thursday of June each year, and typically consists of fifty-two • References herein to fiscal 2018 and fiscal 2017 are to the fiscal year ending June 28, 2018 and the fiscal year ended June 29, 2017, respectively. • References herein to the first quarter of fiscal 2018 and fiscal 2017 are to the quarters ended September 28, 2017 and September 29, 2016, respectively. We are one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the United States. These nuts are sold under a variety of private brands and under the Fisher, Orchard Valley Harvest, Sunshine Country 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. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. 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 29, 2017 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“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 2017 Annual Report on Form 10-K

Inventories

Inventories	3 Months Ended
	Sep. 28, 2017
Inventory Disclosure [Abstract]
Inventories	Note 2 – Inventories Inventories consist of the following: September 28, 2017 June 29, 2017 September 29, 2016 Raw material and supplies $ 50,086 $ 79,609 $ 51,563 Work-in-process 115,812 102,811 95,633 Total $ 165,898 $ 182,420 $ 147,196

Credit Facility

Credit Facility	3 Months Ended
	Sep. 28, 2017
Debt Disclosure [Abstract]
Credit Facility	Note 3 – Credit Facility On July 7, 2017, we entered into the Eighth Amendment to our Credit Facility which eliminated the quarterly restriction on cash dividends and distributions and allows the Company to, without obtaining lender consent, make up to four cash dividends or distributions on our stock per fiscal year, or purchase, acquire, redeem or retire stock in any fiscal year, in an amount not to exceed $60,000 in the aggregate per fiscal year, as long as no default or event of default exists and the excess availability under the Credit Facility remains over $30,000 immediately before and after giving effect to any such dividend, distribution, purchase or redemption. At September 28, 2017, we had $77,371 of available credit under the Credit Facility which reflects borrowings of $36,454 and reduced availability as a result of $3,675 in outstanding letters of credit. As of September 28, 2017, we were in compliance with all financial covenants under the Credit Facility and Mortgage Facility.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Sep. 28, 2017
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 4 – Earnings Per Common 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 28, 2017 September 29, 2016 Weighted average number of shares outstanding – basic 11,351,307 11,266,217 Effect of dilutive securities: Stock options and restricted stock units 90,861 113,878 Weighted average number of shares outstanding – diluted 11,442,168 11,380,095 There were no anti-dilutive awards excluded from the computation of diluted earnings per share for either period presented.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Sep. 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	Note 5 – Stock-Based Compensation Plans During the quarter ended September 28, 2017 there was no significant stock option or restricted stock unit activity. Compensation expense attributable to stock-based compensation during the first quarter of fiscal 2018 and fiscal 2017 was $538 and $550, respectively. As of September 28, 2017, there was $2,469 of total unrecognized compensation cost related to non-vested,

Dividends

Dividends	3 Months Ended
	Sep. 28, 2017
Text Block [Abstract]
Dividends	Note 6 – Dividends On July 11, 2017, our Board of Directors, after considering the financial position of our Company and other factors, declared a special cash dividend of $2.00 per share and a regular annual cash dividend of $0.50 per share on all issued and outstanding shares of Common Stock and Class A Stock of the Company (the “July 2017 Dividends”). The July 2017 Dividends of approximately $28,370 were paid on August 15, 2017 to stockholders of record as of the close of business on August 2, 2017.

Retirement Plan

Retirement Plan	3 Months Ended
	Sep. 28, 2017
Retirement Benefits [Abstract]
Retirement Plan	Note 7 – Retirement Plan The Supplemental Employee Retirement Plan is an unfunded, non-qualified For the Quarter Ended September 28, 2017 September 29, 2016 Service cost $ 152 $ 158 Interest cost 213 203 Amortization of prior service cost 239 239 Amortization of loss 40 91 Net periodic benefit cost $ 644 $ 691 The components of net periodic benefit cost other than the service cost component are included in the line item “Other expense” in the Consolidated Statements of Comprehensive Income.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 28, 2017
Equity [Abstract]
Accumulated Other Comprehensive Loss	Note 8 – Accumulated Other Comprehensive Loss The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the quarter ended September 28, 2017 and September 29, 2016. These changes are all related to our defined benefit pension plan. Changes to AOCL (a) For the Quarter Ended September 28, September 29, Balance at beginning of period $ (4,404 ) $ (6,425 ) Other comprehensive income before reclassifications — — Amounts reclassified from accumulated other comprehensive loss 279 330 Tax effect (108 ) (125 ) Net current-period other comprehensive income 171 205 Balance at end of period $ (4,233 ) $ (6,220 ) (a) Amounts in parenthesis indicate debits/expense. The reclassifications out of AOCL for the quarter ended September 28, 2017 and September 29, 2016 were as follows: For the Quarter Ended Affected line item in the Reclassifications from AOCL to earnings (b) September 28, September 29, Amortization of defined benefit pension items: Unrecognized prior service cost $ (239 ) $ (239 ) Other expense Unrecognized net loss (40 ) (91 ) Other expense Total before tax (279 ) (330 ) Tax effect 108 125 Income tax expense Amortization of defined pension items, net of tax $ (171 ) $ (205 ) (b) Amounts in parenthesis indicate debits to expense. See Note 7 – “Retirement Plan” above for additional details.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Sep. 28, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Note 9 – 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. We are subject to a class-action complaint for an employment related matter. Mediation for this matter occurred in fiscal 2017. In August 2017, we agreed in principle to a $1,200 settlement for which we were fully reserved at June 29, 2017. The non-monetary

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 28, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 10 – 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 current and long-term debt, excluding unamortized debt issuance costs: September 28, June 29, 2017 September 29, 2016 Carrying value of long-term debt: $ 27,943 $ 28,808 $ 31,393 Fair value of long-term debt: 28,355 29,316 32,657 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 Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Sep. 28, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 11 – Recent Accounting Pronouncements The following recent accounting pronouncements have been adopted in the current fiscal year: In March 2017, the FASB issued ASU No. 2017-07 Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost 2017-07 In October 2016, the FASB issued ASU No. 2016-17 Consolidation (Topic 810): Interests Held Through Related Parties That Are Under Common Control 2015-02 2016-17 2016-17 In July 2015, the FASB issued ASU No. 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory first-in, first-out 2015-11 The following recent accounting pronouncements have not yet been adopted: In February 2016, the FASB issued ASU No. 2016-02 “ Leases (Topic 842) ” . No. 2016-02 In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” Revenue from Contracts with Customers 340-40, Other Assets and Deferred Costs — Contracts with Customers Revenue Recognition No. 2015-14 “Revenue from Contracts with Customers, Deferral of the Effective Date” 2014-09

Recent Accounting Pronounceme18

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Sep. 28, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	The following recent accounting pronouncements have been adopted in the current fiscal year: In March 2017, the FASB issued ASU No. 2017-07 Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost 2017-07 In October 2016, the FASB issued ASU No. 2016-17 Consolidation (Topic 810): Interests Held Through Related Parties That Are Under Common Control 2015-02 2016-17 2016-17 In July 2015, the FASB issued ASU No. 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory first-in, first-out 2015-11 The following recent accounting pronouncements have not yet been adopted: In February 2016, the FASB issued ASU No. 2016-02 “ Leases (Topic 842) ” . No. 2016-02 In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” Revenue from Contracts with Customers 340-40, Other Assets and Deferred Costs — Contracts with Customers Revenue Recognition No. 2015-14 “Revenue from Contracts with Customers, Deferral of the Effective Date” 2014-09

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Sep. 28, 2017
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consist of the following: September 28, 2017 June 29, 2017 September 29, 2016 Raw material and supplies $ 50,086 $ 79,609 $ 51,563 Work-in-process 115,812 102,811 95,633 Total $ 165,898 $ 182,420 $ 147,196

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Sep. 28, 2017
Earnings Per Share [Abstract]
Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings 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 28, 2017 September 29, 2016 Weighted average number of shares outstanding – basic 11,351,307 11,266,217 Effect of dilutive securities: Stock options and restricted stock units 90,861 113,878 Weighted average number of shares outstanding – diluted 11,442,168 11,380,095

Retirement Plan (Tables)

Retirement Plan (Tables)	3 Months Ended
	Sep. 28, 2017
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Cost	The components of net periodic benefit cost are as follows: For the Quarter Ended September 28, 2017 September 29, 2016 Service cost $ 152 $ 158 Interest cost 213 203 Amortization of prior service cost 239 239 Amortization of loss 40 91 Net periodic benefit cost $ 644 $ 691

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 28, 2017
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 28, 2017 and September 29, 2016. These changes are all related to our defined benefit pension plan. Changes to AOCL (a) For the Quarter Ended September 28, September 29, Balance at beginning of period $ (4,404 ) $ (6,425 ) Other comprehensive income before reclassifications — — Amounts reclassified from accumulated other comprehensive loss 279 330 Tax effect (108 ) (125 ) Net current-period other comprehensive income 171 205 Balance at end of period $ (4,233 ) $ (6,220 ) (a) Amounts in parenthesis indicate debits/expense.
Reclassifications Out of AOCL	The reclassifications out of AOCL for the quarter ended September 28, 2017 and September 29, 2016 were as follows: For the Quarter Ended Affected line item in the Reclassifications from AOCL to earnings (b) September 28, September 29, Amortization of defined benefit pension items: Unrecognized prior service cost $ (239 ) $ (239 ) Other expense Unrecognized net loss (40 ) (91 ) Other expense Total before tax (279 ) (330 ) Tax effect 108 125 Income tax expense Amortization of defined pension items, net of tax $ (171 ) $ (205 ) (b) Amounts in parenthesis indicate debits to expense. See Note 7 – “Retirement Plan” above for additional details.

Fair Value of Financial Instr23

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 28, 2017
Fair Value Disclosures [Abstract]
Carrying Value and Fair Value Estimate of Current and Long Term Debt	The following table summarizes the carrying value and fair value estimate of our current and long-term debt, excluding unamortized debt issuance costs: September 28, June 29, 2017 September 29, 2016 Carrying value of long-term debt: $ 27,943 $ 28,808 $ 31,393 Fair value of long-term debt: 28,355 29,316 32,657

Basis of Presentation and Des24

Basis of Presentation and Description of Business - Additional Information (Detail)	3 Months Ended
	Sep. 28, 2017Channel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of distribution channels	3

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Sep. 28, 2017	Jun. 29, 2017	Sep. 29, 2016
Inventory Disclosure [Abstract]
Raw material and supplies	$ 50,086	$ 79,609	$ 51,563
Work-in-process and finished goods	115,812	102,811	95,633
Total	$ 165,898	$ 182,420	$ 147,196

Credit Facility - Additional In

Credit Facility - Additional Information (Detail)	Jul. 07, 2017USD ($)Dividends	Sep. 28, 2017USD ($)	Jun. 29, 2017USD ($)	Sep. 29, 2016USD ($)
Debt Instrument [Line Items]
Revolving credit facility borrowings		$ 36,454,000	$ 29,456,000	$ 1,255,000
Eighth Amendment To Credit Agreement [Member]
Debt Instrument [Line Items]
Excess availability required under the credit facility	$ 30,000,000
Eighth Amendment To Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Aggregate amount of dividends that can be declared without bank consent	$ 60,000,000
Number of cash or stock dividends that may be declared in each quarter without obtaining bank consent | Dividends	4
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available credit under the Credit Facility		77,371,000
Revolving credit facility borrowings		36,454,000
Outstanding letters of credit		$ 3,675,000

Earnings Per Common Share - Wei

Earnings Per Common Share - Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings Per Share (Detail) - shares	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average number of shares outstanding - basic	11,351,307	11,266,217
Effect of dilutive securities:
Stock options and restricted stock units	90,861	113,878
Weighted average number of shares outstanding - diluted	11,442,168	11,380,095

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - shares	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Anti Dilutive Shares [Abstract]
Anti-dilutive awards excluded from computation of diluted earnings per share	0	0

Stock-Based Compensation Plans

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	$ 538	$ 550
Unrecognized compensation cost related to non-vested share-based compensation	$ 2,469
Expected weighted average recognize period of unrecognized compensation cost related to non-vested share-based compensation	1 year

Dividends - Additional Informat

Dividends - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 11, 2017	Sep. 28, 2017	Sep. 29, 2016
Equity [Abstract]
Dividend payable date, declared day	Jul. 11, 2017
Special cash dividend	$ 2
Annual common stock dividend declared	$ 0.50
Dividend paid	$ 28,370	$ 28,370	$ 28,150
Dividend payable date	Aug. 15, 2017
Stockholders of record date	Aug. 2, 2017

Retirement Plan - Schedule of N

Retirement Plan - Schedule of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Retirement Benefits [Abstract]
Service cost	$ 152	$ 158
Interest cost	213	203
Amortization of prior service cost	239	239
Amortization of loss	40	91
Net periodic benefit cost	$ 644	$ 691

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ (4,404)	$ (6,425)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	279	330
Tax effect	(108)	(125)
Other comprehensive income, net of tax:	171	205
Balance at end of period	$ (4,233)	$ (6,220)

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Loss - Reclassifications Out of AOCL (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2017	Sep. 29, 2016
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrecognized prior service cost	$ (239)	$ (239)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrecognized net loss	(40)	(91)
Amortization of Defined Benefit Pension Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amortization of pension items before tax	(279)	(330)
Income tax expense	108	125
Amortization of defined pension items, net of tax	$ (171)	$ (205)

Commitments and Contingent Li34

Commitments and Contingent Liabilities - Additional Information (Detail) $ in Thousands	Aug. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement amount	$ 1,200

Fair Value of Financial Instr35

Fair Value of Financial Instruments - Carrying Value and Fair Value Estimate of Current and Long Term Debt (Detail) - USD ($) $ in Thousands	Sep. 28, 2017	Jun. 29, 2017	Sep. 29, 2016
Fair Value Disclosures [Abstract]
Carrying value of long-term debt:	$ 27,943	$ 28,808	$ 31,393
Fair value of long-term debt:	$ 28,355	$ 29,316	$ 32,657