John B. Sanfilippo & Son (JBSS) 10-Q 30 Oct 19 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Sep. 26, 2019	Oct. 23, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 26, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	JBSS
Entity Registrant Name	SANFILIPPO JOHN B & SON INC
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Entity Central Index Key	0000880117
Current Fiscal Year End Date	--06-25
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock
Entity Address, State or Province	IL
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,791,506
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. 26, 2019	Sep. 27, 2018
Statement of Comprehensive Income [Abstract]
Net sales	$ 217,846	$ 204,288
Cost of sales	175,598	171,334
Gross profit	42,248	32,954
Operating expenses:
Selling expenses	14,112	14,071
Administrative expenses	9,074	8,831
Total operating expenses	23,186	22,902
Income from operations	19,062	10,052
Other expense:
Interest expense including $247 and $309 to related parties	521	879
Rental and miscellaneous expense, net	404	289
Other expense	566	487
Total other expense, net	1,491	1,655
Income before income taxes	17,571	8,397
Income tax expense	4,645	1,791
Net income	12,926	6,606
Other comprehensive income:
Amortization of prior service cost and actuarial loss included in Other expense	343	263
Income tax expense related to pension adjustments	(86)	(66)
Other comprehensive income, net of tax:	257	197
Comprehensive income	$ 13,183	$ 6,803
Net income per common share-basic	$ 1.13	$ 0.58
Net income per common share-diluted	$ 1.12	$ 0.57

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
Statement of Comprehensive Income [Abstract]
Interest expense to related parties	$ 247	$ 309

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
CURRENT ASSETS:
Cash	$ 887	$ 1,591	$ 1,215
Accounts receivable, less allowance for doubtful accounts of $386, $350 and $263	60,474	60,971	58,887
Inventories	156,453	157,024	181,031
Prepaid expenses and other current assets	5,291	5,754	4,190
TOTAL CURRENT ASSETS	223,105	225,340	245,323
PROPERTY, PLANT AND EQUIPMENT:
Land	9,285	9,285	9,285
Buildings	110,440	109,955	109,110
Machinery and equipment	212,403	210,962	199,871
Furniture and leasehold improvements	5,130	5,128	5,015
Vehicles	639	673	526
Construction in progress	2,454	1,127	7,201
Property, plant and equipment gross	340,351	337,130	331,008
Less: Accumulated depreciation	231,944	228,778	220,376
Property, plant and equipment net	108,407	108,352	110,632
Rental investment property, less accumulated depreciation of $11,413, $11,212 and $10,629	17,630	17,831	18,264
TOTAL PROPERTY, PLANT AND EQUIPMENT	126,037	126,183	128,896
Intangible assets, net	13,954	14,626	16,812
Cash surrender value of officers' life insurance and other assets	9,334	9,782	9,102
Deferred income taxes	5,972	5,723	5,644
Goodwill	9,650	9,650	9,650
Operating lease right-of-use assets	5,170
TOTAL ASSETS	393,222	391,304	415,427
CURRENT LIABILITIES:
Revolving credit facility borrowings	16,042		51,941
Current maturities of long-term debt, including related party debt of $4,388, $4,375 and $4,350 and net of unamortized debt issuance costs of $32, $35 and $42	7,385	7,338	7,212
Accounts payable	52,365	42,552	59,848
Bank overdraft	1,302	901	1,121
Accrued payroll and related benefits	11,546	22,101	10,149
Other accrued expenses	15,767	11,014	9,731
TOTAL CURRENT LIABILITIES	104,407	83,906	140,002
LONG-TERM LIABILITIES:
Long-term debt, less current maturities, including related party debt of $10,028, $11,495 and $14,416 and net of unamortized debt issuance costs of $37, $44 and $69	18,152	20,381	25,537
Retirement plan	24,974	24,737	21,501
Long-term operating lease liabilities, net of current portion	3,774
Other	7,865	7,725	7,040
TOTAL LONG-TERM LIABILITIES	54,765	52,843	54,078
TOTAL LIABILITIES	159,172	136,749	194,080
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Capital in excess of par value	122,890	122,257	120,568
Retained earnings	117,293	137,712	104,852
Accumulated other comprehensive loss	(5,044)	(4,325)	(2,984)
Treasury stock, at cost; 117,900 shares of Common Stock	(1,204)	(1,204)	(1,204)
TOTAL STOCKHOLDERS' EQUITY	234,050	254,555	221,347
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	393,222	391,304	415,427
Class A Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common Stock	26	26	26
TOTAL STOCKHOLDERS' EQUITY	26	26	26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]
STOCKHOLDERS' EQUITY:
Common Stock	89	89	89
TOTAL STOCKHOLDERS' EQUITY	$ 89	$ 89	$ 89

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
Allowance for doubtful accounts for accounts receivable, current	$ 386	$ 350	$ 263
Accumulated depreciation of rental investment property	11,413	11,212	10,629
Current maturities of long-term debt, related party debt	4,388	4,375	4,350
Unamortized debt issuance costs, current	32	35	42
Related party debt, Non-current	10,028	11,495	14,416
Unamortized debt issuance costs, noncurrent	$ 37	$ 44	$ 69
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	8,909,406	8,909,406	8,865,475

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Class A Common Stock [Member]	Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]
Balance at Jun. 28, 2018		$ 243,002	$ 119,952	$ 127,320	$ (3,181)	$ (1,204)	$ 26	$ 89
Balance, Shares at Jun. 28, 2018							2,597,426	8,865,475
Net income		6,606		6,606
Cash dividends		(29,074)		(29,074)
Pension liability amortization, net of income tax (expense)		197			197
Stock-based compensation expense		616	616
Balance at Sep. 27, 2018		221,347	120,568	104,852	(2,984)	(1,204)	$ 26	$ 89
Balance, Shares at Sep. 27, 2018							2,597,426	8,865,475
Balance at Jun. 27, 2019		254,555	122,257	137,712	(4,325)	(1,204)	$ 26	$ 89
Balance, Shares at Jun. 27, 2019							2,597,426	8,909,406
Net income		12,926		12,926
Cash dividends		(34,321)		(34,321)
Pension liability amortization, net of income tax (expense)		257			257
Impact of adopting ASU 2018-02	[1]			976	(976)
Stock-based compensation expense		633	633
Balance at Sep. 26, 2019		$ 234,050	$ 122,890	$ 117,293	$ (5,044)	$ (1,204)	$ 26	$ 89
Balance, Shares at Sep. 26, 2019							2,597,426	8,909,406
[1]	See Note 14 – “Recent Accounting Pronouncements” for additional information.

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share	$ 3	$ 2.55
Pension liability amortization income tax expense	$ (86)	$ (66)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,926	$ 6,606
Depreciation and amortization	4,412	4,168
Loss on disposition of assets, net	3	23
Deferred income tax benefit	(249)	(620)
Stock-based compensation expense	633	616
Change in assets and liabilities:
Accounts receivable, net	497	6,536
Inventories	571	(6,669)
Prepaid expenses and other current assets	356	1,094
Accounts payable	9,655	(1,256)
Accrued expenses	(10,969)	2,451
Income taxes payable	3,839	2,446
Other long-term assets and liabilities	300	(132)
Other, net	494	412
Net cash provided by operating activities	22,468	15,675
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(3,118)	(4,754)
Other	16	(14)
Net cash used in investing activities	(3,102)	(4,768)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net short-term borrowings	16,042	20,663
Principal payments on long-term debt	(2,192)	(1,789)
Increase (Decrease) in bank overdraft	401	(941)
Dividends paid	(34,321)	(29,074)
Net cash used in financing activities	(20,070)	(11,141)
NET DECREASE IN CASH	(704)	(234)
Cash, beginning of period	1,591	1,449
Cash, end of period	887	$ 1,215
Supplemental disclosure of non-cash investing activities:
Right-of-use assets recognized at ASU No. 2016-02 transition, see Note 3	$ 5,361

Basis of Presentation and Descr

Basis of Presentation and Description of Business	3 Months Ended
	Sep. 26, 2019
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 2020 and fiscal 2019 are to the fiscal year ending June 25, 2020 and the fiscal year ended June 27, 2019, respectively. • References herein to the first quarter of fiscal 2020 and fiscal 2019 are to the quarters ended September 26, 2019 and September 27, 2018, 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, Squirrel Brand, Southern Style Nuts Sunshine Country chickpea snacks , sesame sticks and other sesame snack products under private brands and brand names. Our products are sold through three The accompanying unaudited financial statements fairly present the consolidated statements of comprehensive income, consolidated balance sheets, consolidated statements of stockholders’ equity 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 27, 2019 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 2019 Annual Report on Form 10-K

Revenue Recognition

Revenue Recognition	3 Months Ended
	Sep. 26, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 2 – Revenue Recognition We recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. For each customer contract, a five-step process is followed in which we identify the contract, identify performance obligations, determine the transaction price, allocate the contract transaction price to the performance obligations, and recognize the revenue when (or as) the performance obligation is transferred to the customer. When Performance Obligations Are Satisfied A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account for revenue recognition. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The Company’s performance obligations are primarily for the delivery of raw and processed recipe and snack nuts, nut butters and trail mixes. Our customer contracts do not include more than one performance obligation. If a contract were to contain more than one performance obligation, we are required to allocate the contract’s transaction price to each performance obligation based on its relative standalone selling price. The standalone selling price for each distinct good is generally determined by directly observable data. Revenue recognition is generally completed at a point in time when product control is transferred to the customer. For approximately 99% of our revenues, control transfers to the customer when the product is shipped or delivered to the customer based upon applicable shipping terms, as the customer can then direct the use and obtain substantially all of the remaining benefits from the asset at that point in time. Therefore, for 99% of our revenues, the timing of revenue recognition requires little judgment. Variable Consideration Some of our products are sold through specific incentive programs consisting of promotional allowances, volume and customer rebates, in-store Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are also offered through various programs to customers and consumers. A provision for estimated trade promotions is recorded as a reduction of revenue (and a reduction in the transaction price) in the same period when the sale is recognized. Revenues are also recorded net of expected customer deductions which are provided for based upon past experiences. Evaluating these estimates requires management judgment. We generally use the most likely amount method to determine the variable consideration. We believe there will not be significant changes to our estimates of variable consideration when any related uncertainties are resolved with our customers. The Company reviews and updates its estimates and related accruals of variable consideration and trade promotions at least quarterly based on the terms of the agreements and historical experience. Any uncertainties in the ultimate resolution of variable consideration due to factors outside of the Company’s influence are typically resolved within a short timeframe, therefore, no additional constraint on the variable consideration is required. Contract Balances Contract assets or liabilities result from transactions with revenue recorded over time. If the measure of remaining rights exceeds the measure of the remaining performance obligations the Company records a contract asset. Conversely, if the measure of the remaining performance obligations exceeds the measure of the remaining rights, the Company records a contract liability. There was no contract asset balance at September 26, 2019. Disaggregation of Revenue Revenue disaggregated by sales channel is as follows: For Distribution September 26, 2019 September 27, 2018 Consumer $ 157,146 $ 139,444 Commercial Ingredients 36,888 37,202 Contract Packaging 23,812 27,642 Total $ 217,846 $ 204,288

Leases

Leases	3 Months Ended
	Sep. 26, 2019
Leases [Abstract]
Leases	Note 3—Leases On June 28, 2019 we adopted ASU No. 2016-02, Leases (“Topic 842”) No. 2018-11, Upon adoption of the new standard, we recognized operating lease right-of-use ranging Description of Leases We lease equipment used in the transportation of goods in our warehouses, as well as a limited number of automobiles and a small warehouse near our Bainbridge, Georgia non-lease and do not contain any explicit guarantees of residual value. Our leases for warehouse transportation equipment generally require the equipment to be returned to the lessor in good working order We determine if an arrangement is a lease at inception and analyze the lease to determine if it is operating or finance. Operating lease right-of-use right-of-use up 6 ASU No. 2016-02 We have Consolidated Balance Sheet. We have non-lease for all leases The following table provides supplemental information related to operating lease right-of-use September 26, 2019 Affected Line Item in Condensed Consolidated Assets Operating lease right-of-use $ 5,170 Operating lease right-of-use Total lease right-of-use $ 5,170 Liabilities Current: Operating leases $ 1,390 Other accrued expenses Noncurrent: Operating leases 3,774 Long-term operating lease liabilities Total lease liabilities $ 5,164 The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions: For the Operating lease costs ( a $ 374 Variable lease costs ( b 16 Total Lease Cost $ 390 ( a Includes short-term leases which are immaterial . ( b Variable lease costs consist of sales tax . Supplemental cash flow and other information related to leases was as follows: For the Operating cash flows information: Cash paid for amounts included in measurements for lease liabilities $ 365 Non-cash Right - - $ 152 For the Weighted Average Remaining Lease Term (in years) 4.0 Weighted Average Discount Rate 4.5 % Maturities of operating lease liabilities as of September 26, 2019 are as follows: Fiscal year ending June 25, 2020 (excluding the quarter ended September 26, 2019) $ 1,206 June 24, 2021 1,439 June 30, 2022 1,312 June 29, 2023 1,064 June 27, 2024 469 Thereafter 132 Total lease payment 5,622 Less imputed interest (458 ) Present value of operating lease liabilities $ 5,164 Disclosures related to periods prior to adoption As the Company has not recast prior year information for its adoption of Topic 842, the following presents its future minimum lease payments for operating leases under Topic 840 on June 27, 2019: Fiscal year ending June 25, 2020 $ 1,715 June 24, 2021 1,540 June 30, 2022 1,392 June 29, 2023 1,109 June 27, 2024 464 Thereafter 133 $ 6,353 Lessor Accounting We lease office space in our four-story office building located in Elgin, Illinois. As a lessor, we retain substantially all of the risks and benefits of ownership of the investment property and under Topic 842 we continue to account for all of our leases as operating leases. Lease agreements may include options to renew. We accrue fixed lease income on a straight-line basis over the terms of the leases. There is generally no variable lease consideration and an immaterial amount of non-lease components such as recurring utility and storage fees. Leases between related parties are immaterial. Leasing revenue is as follows: For the Quarter September 26, 2019 Gross leasing revenue from operating leases $ 543 The future minimum, undiscounted fixed lease consideration under non-cancelable Fiscal year ending June 25, 2020 (excluding the quarter ended September 26, 2019) $ 1,641 June 24, 2021 1,949 June 30, 2022 1,717 June 29, 2023 1,737 June 27, 2024 1,756 Thereafter 2,467 $ 11,267

Inventories

Inventories	3 Months Ended
	Sep. 26, 2019
Inventory Disclosure [Abstract]
Inventories	Note 4 – Inventories Inventories consist of the following: September 26, 2019 June 27, 2019 September 27, 2018 Raw material and supplies $ 48,989 $ 58,927 $ 55,681 Work-in-process 107,464 98,097 125,350 Total $ 156,453 $ 157,024 $ 181,031

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Sep. 26, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5 – Goodwill and Intangible Assets Identifiable intangible assets that are subject to amortization consist of the following: September 26, June 27, September 27, Customer relationships $ 21,100 $ 21,100 $ 21,100 Brand names 16,990 16,990 16,990 Non-compete 270 270 270 38,360 38,360 38,360 Less accumulated amortization: Customer relationships (14,952 ) (14,466 ) (12,838 ) Brand names (9,355 ) (9,182 ) (8,665 ) Non-compete (99 ) (86 ) (45 ) (24,406 ) (23,734 ) (21,548 ) Net intangible assets $ 13,954 $ 14,626 $ 16,812 Customer relationships are being amortized on an accelerated basis. The brand names remaining to be amortized consist of the Squirrel Brand Southern Style Nuts Total amortization expense related to intangible assets, which is a component of Administrative expense, was $672 for the quarter ended September 26, 2019. Amortization expense for the remainder of fiscal 2020 is expected to be approximately $1,829 , Fiscal year ending June 24, 2021 $ 2,165 June 30, 2022 1,896 June 29, 2023 1,657 June 27, 2024 1,414 June 26, 2025 1,156 Our net goodwill of $9,650 relates entirely to the Squirrel Brand acquisition (the “Acquisition”) completed in the second quarter of fiscal 2018. There was no change in the carrying amount of goodwill during the quarter ended September 26, 2019.

Credit Facility

Credit Facility	3 Months Ended
	Sep. 26, 2019
Debt Disclosure [Abstract]
Credit Facility	Note 6 – Credit Facility On February 7, 2008, we entered into a Credit Agreement with a bank group providing a $117,500 revolving loan commitment and letter of credit subfacility (the “Credit Facility”). The Credit Facility is secured by substantially all our assets other than real property and fixtures. At September 26, 2019, we had $97,508 of available credit under the Credit Facility which reflects borrowings of $ 16,042 (as defined below).

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Sep. 26, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 7 – 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 September 26, 2019 September 27, 2018 Weighted average number of shares outstanding – basic 11,444,560 11,406,009 Effect of dilutive securities: Stock options and restricted stock units 94,416 85,922 Weighted average number of shares outstanding – diluted 11,538,976 11,491,931 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. 26, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	Note 8 – Stock-Based Compensation Plans During the quarter ended September 26, 2019 there was no significant stock option or restricted stock unit activity. Compensation expense attributable to stock-based compensation during the first quarter of fiscal 2020 and fiscal 2019 was $633 and $616, respectively. As of September 26, 2019, there was $3,011 of total unrecognized compensation cost related to non-vested,

Retirement Plan

Retirement Plan	3 Months Ended
	Sep. 26, 2019
Retirement Benefits [Abstract]
Retirement Plan	Note 9 – Retirement Plan The Supplemental Employee Retirement Plan is an unfunded, non-qualified For September 26, 2019 September 27, 2018 Service cost $ 178 $ 152 Interest cost 223 224 Amortization of prior service cost 239 239 Amortization of loss 104 24 Net periodic benefit cost $ 744 $ 639 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. 26, 2019
Equity [Abstract]
Accumulated Other Comprehensive Loss	Note 10 – Accumulated Other Comprehensive Loss The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the quarter ended September 26, 2019 and September 27, 2018. Changes to AOCL (a) For September 26, September 27, Balance at beginning of period $ (4,325 ) $ (3,181 ) Other comprehensive income before reclassifications — — Amounts reclassified from accumulated other comprehensive loss 343 263 Tax effect (86 ) (66 ) Net current-period other comprehensive income 257 197 Impact of adopting ASU 2018-02 (b) (976 ) — Balance at end of period $ (5,044 ) $ (2,984 ) (a) Amounts in parenthesis indicate debits/expense. (b) See Note 14 – “Recent Accounting Pronouncements” for additional information. The reclassifications out of AOCL for the quarter ended September 26, 2019 and September 27, 2018 were as follows: Reclassifications from AOCL to earnings ( c For the Quarter Ended Affected line item in the September 26, September 27, Amortization of defined benefit pension items: Unrecognized prior service cost $ (239 ) $ (239 ) Other expense Unrecognized net loss (104 ) (24 ) Other expense Total before tax (343 ) (263 ) Tax effect 86 66 Income tax expense Amortization of defined pension items, net of tax $ (257 ) $ (197 ) (c) Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details .

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Sep. 26, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Note 11 – 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 Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 26, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 12 – Fair Value of Financial Instruments 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), and because of 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 26, June 2019 September 27, 2018 Carrying value of long-term debt: $ 25,606 $ 27,798 $ 32,860 Fair value of long-term debt: 25,710 27,720 31,600 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.

Related Party Transaction

Related Party Transaction	3 Months Ended
	Sep. 26, 2019
Related Party Transactions [Abstract]
Related Party Transaction	Note 13 – Related Party Transaction In connection with the acquisition of the Squirrel Brand business in the second quarter of fiscal 2018, we incurred $11,500 of unsecured debt to the principal owner and seller of the Squirrel Brand business, who was subsequently appointed as an executive officer of the Company and is considered a related party. The interest rate on the Promissory Note is 5.5% per annum and the outstanding balance at September 26, 2019 was $4,472. Interest paid on the Promissory Note for the quarter ended September 26, 2019 was $70.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Sep. 26, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 1 4 The following recent accounting pronouncements have been adopted in the current fiscal year: In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842) No. 2016-02 is No. 2016-02 No. 2018-11 Leases (Topic 842): Targeted Improvements non-lease No. 2018-10 Codification Improvements to Topic 842, Leases No. 2016-02. No. 2018-20 Leases (Topic 842) – Narrow Scope Improvements for Lessors non-lease No. 2019-01 Leases (Topic 842) – Codification Improvements No. 2016-02. We have implemented processes and information technology tools to assist in our ongoing lease data analysis. We have also updated our accounting policies and internal controls that are impacted by the new guidance. We adopted ASU No. 2016-02 use-of-hindsight right-of-use non-lease In February 2018, the FASB issued ASU No. 2018-02 “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“AOCL”) 2018-02 fiscal reclassified $976 ASU 2018-02 was not applied retrospectively. There are no recent accounting pronouncements that have been issued and not yet adopted that are expected to have a material impact on our Consolidated Financial Statements.

Subsequent Event

Subsequent Event	3 Months Ended
	Sep. 26, 2019
Subsequent Events [Abstract]
Subsequent Event	Note 15 – Subsequent Events On October 7, 2019 we experienced a fire at our peanut processing facility located in Garysburg, North Carolina. No personnel were injured, and there was no damage to our peanut shelling and inventory storage areas. The fire occurred in our roasting room where all of the roasting equipment was destroyed. The fire also damaged some equipment in our packaging room and a portion of the roof. Due to order lead times for roasting equipment, we do not expect to have roasting capability for inshell peanuts for approximately one year. We have already secured supply of inshell roasted peanuts to meet our near term production requirements, and we will package those peanuts in our other facilities. We are currently evaluating our options with regard to our peanut production operations, which include (among other things) complete restoration of these damaged equipment or outsourcing our roasted inshell peanut requirements. We have adequate property damage and business interruption insurance (subject to applicable deductibles) and do not expect this event to have a material effect on our financial performance for the 2020 fiscal year. On October 29, 2019, our Board of Directors declared a special cash dividend of $2.00 per share on all issued and outstanding shares of Common Stock and Class A Stock of the Company (the “October 2019 Dividend”). The October 2019 Dividend will be paid on December 10, 2019 to stockholders of record as of the close of business on November 26, 2019.

Revenue Recognition (Policies)

Revenue Recognition (Policies)	3 Months Ended
	Sep. 26, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 2 – Revenue Recognition We recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. For each customer contract, a five-step process is followed in which we identify the contract, identify performance obligations, determine the transaction price, allocate the contract transaction price to the performance obligations, and recognize the revenue when (or as) the performance obligation is transferred to the customer. When Performance Obligations Are Satisfied A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account for revenue recognition. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The Company’s performance obligations are primarily for the delivery of raw and processed recipe and snack nuts, nut butters and trail mixes. Our customer contracts do not include more than one performance obligation. If a contract were to contain more than one performance obligation, we are required to allocate the contract’s transaction price to each performance obligation based on its relative standalone selling price. The standalone selling price for each distinct good is generally determined by directly observable data. Revenue recognition is generally completed at a point in time when product control is transferred to the customer. For approximately 99% of our revenues, control transfers to the customer when the product is shipped or delivered to the customer based upon applicable shipping terms, as the customer can then direct the use and obtain substantially all of the remaining benefits from the asset at that point in time. Therefore, for 99% of our revenues, the timing of revenue recognition requires little judgment. Variable Consideration Some of our products are sold through specific incentive programs consisting of promotional allowances, volume and customer rebates, in-store Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are also offered through various programs to customers and consumers. A provision for estimated trade promotions is recorded as a reduction of revenue (and a reduction in the transaction price) in the same period when the sale is recognized. Revenues are also recorded net of expected customer deductions which are provided for based upon past experiences. Evaluating these estimates requires management judgment. We generally use the most likely amount method to determine the variable consideration. We believe there will not be significant changes to our estimates of variable consideration when any related uncertainties are resolved with our customers. The Company reviews and updates its estimates and related accruals of variable consideration and trade promotions at least quarterly based on the terms of the agreements and historical experience. Any uncertainties in the ultimate resolution of variable consideration due to factors outside of the Company’s influence are typically resolved within a short timeframe, therefore, no additional constraint on the variable consideration is required. Contract Balances Contract assets or liabilities result from transactions with revenue recorded over time. If the measure of remaining rights exceeds the measure of the remaining performance obligations the Company records a contract asset. Conversely, if the measure of the remaining performance obligations exceeds the measure of the remaining rights, the Company records a contract liability. There was no contract asset balance at September 26, 2019. Disaggregation of Revenue Revenue disaggregated by sales channel is as follows: For Distribution September 26, 2019 September 27, 2018 Consumer $ 157,146 $ 139,444 Commercial Ingredients 36,888 37,202 Contract Packaging 23,812 27,642 Total $ 217,846 $ 204,288

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Sep. 26, 2019
Revenue from Contract with Customer [Abstract]
Summary of Revenue Disaggregated by Sales Channel	Revenue disaggregated by sales channel is as follows: For Distribution September 26, 2019 September 27, 2018 Consumer $ 157,146 $ 139,444 Commercial Ingredients 36,888 37,202 Contract Packaging 23,812 27,642 Total $ 217,846 $ 204,288

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 26, 2019
Leases [Abstract]
Supplemental information related to operating lease right-of-use assets and liabilities	The following table provides supplemental information related to operating lease right-of-use September 26, 2019 Affected Line Item in Condensed Consolidated Assets Operating lease right-of-use $ 5,170 Operating lease right-of-use Total lease right-of-use $ 5,170 Liabilities Current: Operating leases $ 1,390 Other accrued expenses Noncurrent: Operating leases 3,774 Long-term operating lease liabilities Total lease liabilities $ 5,164
Summary of company's total lease costs and other information arising from operating lease transactions	The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions: For the Operating lease costs ( a $ 374 Variable lease costs ( b 16 Total Lease Cost $ 390 ( a Includes short-term leases which are immaterial . ( b Variable lease costs consist of sales tax .
Supplemental cash flow and other information related to leases	Supplemental cash flow and other information related to leases was as follows: For the Operating cash flows information: Cash paid for amounts included in measurements for lease liabilities $ 365 Non-cash Right - - $ 152
Summary of other information	For the Weighted Average Remaining Lease Term (in years) 4.0 Weighted Average Discount Rate 4.5 %
Summary of maturities of operating lease liabilities	Maturities of operating lease liabilities as of September 26, 2019 are as follows: Fiscal year ending June 25, 2020 (excluding the quarter ended September 26, 2019) $ 1,206 June 24, 2021 1,439 June 30, 2022 1,312 June 29, 2023 1,064 June 27, 2024 469 Thereafter 132 Total lease payment 5,622 Less imputed interest (458 ) Present value of operating lease liabilities $ 5,164
Schedule of future minimum payments under non-cancelable operating leases	As the Company has not recast prior year information for its adoption of Topic 842, the following presents its future minimum lease payments for operating leases under Topic 840 on June 27, 2019: Fiscal year ending June 25, 2020 $ 1,715 June 24, 2021 1,540 June 30, 2022 1,392 June 29, 2023 1,109 June 27, 2024 464 Thereafter 133 $ 6,353
Summary of operating lease revenue	Leasing revenue is as follows: For the Quarter September 26, 2019 Gross leasing revenue from operating leases $ 543
Undiscounted fixed lease consideration under non-cancelable tenant operating leases	The future minimum, undiscounted fixed lease consideration under non-cancelable Fiscal year ending June 25, 2020 (excluding the quarter ended September 26, 2019) $ 1,641 June 24, 2021 1,949 June 30, 2022 1,717 June 29, 2023 1,737 June 27, 2024 1,756 Thereafter 2,467 $ 11,267

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Sep. 26, 2019
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consist of the following: September 26, 2019 June 27, 2019 September 27, 2018 Raw material and supplies $ 48,989 $ 58,927 $ 55,681 Work-in-process 107,464 98,097 125,350 Total $ 156,453 $ 157,024 $ 181,031

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Sep. 26, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Identifiable Intangible Assets	Identifiable intangible assets that are subject to amortization consist of the following: September 26, June 27, September 27, Customer relationships $ 21,100 $ 21,100 $ 21,100 Brand names 16,990 16,990 16,990 Non-compete 270 270 270 38,360 38,360 38,360 Less accumulated amortization: Customer relationships (14,952 ) (14,466 ) (12,838 ) Brand names (9,355 ) (9,182 ) (8,665 ) Non-compete (99 ) (86 ) (45 ) (24,406 ) (23,734 ) (21,548 ) Net intangible assets $ 13,954 $ 14,626 $ 16,812
Summary of Expected Amortization Expense	Total amortization expense related to intangible assets, which is a component of Administrative expense, was $672 for the quarter ended September 26, 2019. Amortization expense for the remainder of fiscal 2020 is expected to be approximately $1,829 , Fiscal year ending June 24, 2021 $ 2,165 June 30, 2022 1,896 June 29, 2023 1,657 June 27, 2024 1,414 June 26, 2025 1,156

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Sep. 26, 2019
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 September 26, 2019 September 27, 2018 Weighted average number of shares outstanding – basic 11,444,560 11,406,009 Effect of dilutive securities: Stock options and restricted stock units 94,416 85,922 Weighted average number of shares outstanding – diluted 11,538,976 11,491,931

Retirement Plan (Tables)

Retirement Plan (Tables)	3 Months Ended
	Sep. 26, 2019
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost	The components of net periodic benefit cost are as follows: For September 26, 2019 September 27, 2018 Service cost $ 178 $ 152 Interest cost 223 224 Amortization of prior service cost 239 239 Amortization of loss 104 24 Net periodic benefit cost $ 744 $ 639

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 26, 2019
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, 2019 and September 27, 2018. Changes to AOCL (a) For September 26, September 27, Balance at beginning of period $ (4,325 ) $ (3,181 ) Other comprehensive income before reclassifications — — Amounts reclassified from accumulated other comprehensive loss 343 263 Tax effect (86 ) (66 ) Net current-period other comprehensive income 257 197 Impact of adopting ASU 2018-02 (b) (976 ) — Balance at end of period $ (5,044 ) $ (2,984 ) (a) Amounts in parenthesis indicate debits/expense. (b) See Note 14 – “Recent Accounting Pronouncements” for additional information.
Reclassifications Out of AOCL	The reclassifications out of AOCL for the quarter ended September 26, 2019 and September 27, 2018 were as follows: Reclassifications from AOCL to earnings ( c For the Quarter Ended Affected line item in the September 26, September 27, Amortization of defined benefit pension items: Unrecognized prior service cost $ (239 ) $ (239 ) Other expense Unrecognized net loss (104 ) (24 ) Other expense Total before tax (343 ) (263 ) Tax effect 86 66 Income tax expense Amortization of defined pension items, net of tax $ (257 ) $ (197 ) (c) Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details .

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 26, 2019
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 26, June 2019 September 27, 2018 Carrying value of long-term debt: $ 25,606 $ 27,798 $ 32,860 Fair value of long-term debt: 25,710 27,720 31,600

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Detail)	3 Months Ended
	Sep. 26, 2019Channel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of distribution channels	3

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
Disaggregation of Revenue [Line Items]
Contract assets	$ 0	$ 117	$ 196
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Risk percentage	99.00%

Revenue Recognition - Summary o

Revenue Recognition - Summary of Revenue Disaggregated by Sales Channel (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
Disaggregation of Revenue [Line Items]
Total	$ 217,846	$ 204,288
Consumer [Member]
Disaggregation of Revenue [Line Items]
Total	157,146	139,444
Commercial Ingredients [Member]
Disaggregation of Revenue [Line Items]
Total	36,888	37,202
Contract Packaging [Member]
Disaggregation of Revenue [Line Items]
Total	$ 23,812	$ 27,642

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2019	Sep. 26, 2019	Jun. 28, 2019
Operating Leased Assets [Line Items]
Operating lease right-of-use assets		$ 5,170
Operating lease, liability		$ 5,164
Minimum [Member]
Operating Leased Assets [Line Items]
Discount rate	4.20%
Maximum [Member]
Operating Leased Assets [Line Items]
Discount rate	5.80%
Remaining lease term	6 years
Accounting Standards Update 2016-02 [Member]
Operating Leased Assets [Line Items]
Operating lease right-of-use assets			$ 5,361
Operating lease, liability			$ 5,320

Leases - Operating Lease Assets

Leases - Operating Lease Assets And Liabilities (Detail) $ in Thousands	Sep. 26, 2019USD ($)
Assets
Operating Lease, Right-of-Use Asset	$ 5,170
Noncurrent
Operating Lease, Liability, Noncurrent	3,774
Total lease liabilities	5,164
Operating LeaseRight Of UseAssets [Member]
Assets
Operating Lease, Right-of-Use Asset	5,170
Other Liabilities [Member]
Current
Operating Lease, Liability, Current	1,390
Non Current Operating Lease Liabilities [Member]
Noncurrent
Operating Lease, Liability, Noncurrent	$ 3,774

Leases - LeaseCost (Detail)

Leases - LeaseCost (Detail) $ in Thousands	3 Months Ended
	Sep. 26, 2019USD ($)
Leases [Abstract]
Operating lease costs	$ 374	[1]
Variable lease costs	16	[2]
Total Lease Cost	$ 390
[1]	Includes short-term leases which are immaterial.
[2]	Variable lease costs consist of sales tax.

Leases - Operating Leases Cash

Leases - Operating Leases Cash Flow Related Information (Detail) $ in Thousands	3 Months Ended
	Sep. 26, 2019USD ($)
Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities	$ 365
Non-cash activity:
Right of use assets obtained in exchange for new operating lease obligations	$ 152

Leases - Other Information Rela

Leases - Other Information Related to Operating Lease (Detail)	Sep. 26, 2019
Leases [Abstract]
Weighted Average Remaining Lease Term (in years)	4 years
Weighted Average Discount Rate	4.50%

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Liability Maturity (Detail) $ in Thousands	Sep. 26, 2019USD ($)
Leases [Abstract]
June 25, 2020 (excluding the quarter ended September 26, 2019)	$ 1,206
June 24, 2021	1,439
June 30, 2022	1,312
June 29, 2023	1,064
June 27, 2024	469
Thereafter	132
Total lease payment	5,622
Less imputed interest	(458)
Present value of operating lease liabilities	$ 5,164

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Payments for Operating Leases (Detail) $ in Thousands	Sep. 26, 2019USD ($)
Leases [Abstract]
June 25, 2020	$ 1,715
June 24, 2021	1,540
June 30, 2022	1,392
June 29, 2023	1,109
June 27, 2024	464
Thereafter	133
Total	$ 6,353

Leases - Operating Lease Revenu

Leases - Operating Lease Revenue (Detail) $ in Thousands	3 Months Ended
	Sep. 26, 2019USD ($)
Leases [Abstract]
Gross leasing revenue from operating leases	$ 543

Leases - Lessor Operating Lease

Leases - Lessor Operating Lease Payments To Be Received Maturity (Detail) $ in Thousands	Sep. 26, 2019USD ($)
Leases [Abstract]
June 25, 2020 (excluding three months ended September 26, 2019)	$ 1,641
June 24, 2021	1,949
June 30, 2022	1,717
June 29, 2023	1,737
June 27, 2024	1,756
Thereafter	2,467
Total	$ 11,267

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
Inventory Disclosure [Abstract]
Raw material and supplies	$ 48,989	$ 58,927	$ 55,681
Work-in-process and finished goods	107,464	98,097	125,350
Total	$ 156,453	$ 157,024	$ 181,031

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense for remainder of fiscal 2019	$ 1,829
Goodwill related to acquisition of Squirrel Brand	9,650	$ 9,650	$ 9,650
Administrative Expenses [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	672
Squirrel Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill related to acquisition of Squirrel Brand	$ 9,650

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components of Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 38,360	$ 38,360	$ 38,360
Less accumulated amortization:
Total accumulated amortization	(24,406)	(23,734)	(21,548)
Net intangible assets	13,954	14,626	16,812
Customer Relationships [Member] | Squirrel Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	21,100	21,100	21,100
Less accumulated amortization:
Total accumulated amortization	(14,952)	(14,466)	(12,838)
Brand Names [Member] | Squirrel Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	16,990	16,990	16,990
Less accumulated amortization:
Total accumulated amortization	(9,355)	(9,182)	(8,665)
Non-compete Agreement [Member] | Squirrel Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	270	270	270
Less accumulated amortization:
Total accumulated amortization	$ (99)	$ (86)	$ (45)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Expected Amortization Expense (Detail) $ in Thousands	Sep. 26, 2019USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
June 25, 2020	$ 2,165
June 24, 2021	1,896
June 30, 2022	1,657
June 29, 2023	1,414
June 27, 2024	$ 1,156

Credit Facility - Additional I

Credit Facility - Additional Information (Detail) - Revolving Credit Facility [Member] - USD ($)	Sep. 26, 2019	Feb. 07, 2008
Debt Instrument [Line Items]
Revolving loan commitment and letter of credit sub facility		$ 117,500,000
Available credit under the Credit Facility	$ 97,508,000
Outstanding letters of credit	3,950,000
Revolving credit facility borrowings	$ 16,042,000

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. 26, 2019	Sep. 27, 2018
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average number of shares outstanding - basic	11,444,560	11,406,009
Effect of dilutive securities:
Stock options and restricted stock units	94,416	85,922
Weighted average number of shares outstanding - diluted	11,538,976	11,491,931

Stock-Based Compensation Plans

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected weighted average recognize period of unrecognized compensation cost related to non-vested share-based compensation	1 year 2 months 12 days
Stock-based compensation expense	$ 633	$ 616
Unrecognized compensation expense related to non-vested share-based compensation	$ 3,011

Retirement Plan - Schedule of N

Retirement Plan - Schedule of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
Retirement Benefits [Abstract]
Service cost	$ 178	$ 152
Interest cost	223	224
Amortization of loss	104	24
Amortization of prior service cost	239	239
Net periodic benefit cost	$ 744	$ 639

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands		3 Months Ended
		Sep. 26, 2019	Sep. 27, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		$ (4,325)
Other comprehensive income, net of tax:		257	$ 197
Balance at end of period		(5,044)	(2,984)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(4,325)	(3,181)
Other comprehensive income before reclassifications
Amounts reclassified from accumulated other comprehensive loss		343	263
Tax effect		(86)	(66)
Other comprehensive income, net of tax:		257	197
Impact of adopting ASU 2018-02	[1]	(976)
Balance at end of period		$ (5,044)	$ (2,984)
[1]	See Note 14 – “Recent Accounting Pronouncements” for additional information.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications Out of AOCL (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Sep. 27, 2018
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	(104)	(24)
Amortization of Defined Benefit Pension Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(343)	(263)
Tax effect	86	66
Amortization of defined pension items, net of tax	$ (257)	$ (197)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Carrying Value and Fair Value Estimate of Current and Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 26, 2019	Jun. 27, 2019	Sep. 27, 2018
Fair Value Disclosures [Abstract]
Carrying value of long-term debt:	$ 25,606	$ 27,798	$ 32,860
Fair value of long-term debt:	$ 25,710	$ 27,720	$ 31,600

Related Party Transaction - Add

Related Party Transaction - Additional Information (Detail) - Promissory Note [Member] - USD ($) $ in Thousands	3 Months Ended
	Sep. 26, 2019	Dec. 28, 2017
Purchase price financed by seller through unsecured debt		$ 11,500
Interest rate	5.50%
Outstanding balance	$ 4,472
Interest paid	$ 70

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Detail) $ in Thousands	3 Months Ended
	Sep. 26, 2019USD ($)
Change in Accounting Estimate [Line Items]
Right of use assets	$ 5,170
Lease liability	5,164
Accumulated Other Comprehensive Loss [Member]
Change in Accounting Estimate [Line Items]
Impact of adopting ASU 2018-02	(976)	[1]
Accounting Standards Update 2016-02 [Member]
Change in Accounting Estimate [Line Items]
Right of use assets	5,361
Lease liability	$ 5,320
[1]	See Note 14 – “Recent Accounting Pronouncements” for additional information.

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Subsequent Event [Member]	Oct. 29, 2019$ / shares
Subsequent Event [Line Items]
Special cash dividend	$ 2
Dividend payable date, declared day	Oct. 29, 2019
Dividend payable date	Dec. 10, 2019
Stockholders of record date	Nov. 26, 2019