XBRL Financials

Cover Page - shares	9 Months Ended
Cover Page - shares	Mar. 25, 2021	Apr. 22, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 25, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
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	--06-24
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock
Entity Address, State or Province	IL
Entity File Number	0-19681
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2419677
Entity Address, Address Line One	1703 North Randall Road
Entity Address, City or Town	Elgin
Entity Address, Postal Zip Code	60123-7820
City Area Code	847
Local Phone Number	289-1800
Document Quarterly Report	true
Document Transition Report	false
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,870,912
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,597,426

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Statement of Comprehensive Income [Abstract]
Net sales	$ 207,892	$ 211,624	$ 651,740	$ 675,893
Cost of sales	161,846	168,819	513,567	540,860
Gross profit	46,046	42,805	138,173	135,033
Operating expenses:
Selling expenses	15,090	13,880	44,868	44,095
Administrative expenses	9,859	9,528	25,539	28,013
Total operating expenses	24,949	23,408	70,407	72,108
Income from operations	21,097	19,397	67,766	62,925
Other expense:
Interest expense including $162, $172, $494 and $651 to related parties	309	579	1,135	1,535
Rental and miscellaneous expense, net	379	308	1,176	986
Other expense	630	566	1,889	1,699
Total other expense, net	1,318	1,453	4,200	4,220
Income before income taxes	19,779	17,944	63,566	58,705
Income tax expense	5,078	4,478	16,168	14,852
Net income	14,701	13,466	47,398	43,853
Other comprehensive income:
Amortization of prior service cost and actuarial loss included in net periodic pension cost	416	343	1,246	1,030
Income tax expense related to pension adjustments	(104)	(86)	(311)	(258)
Other comprehensive income, net of tax	312	257	935	772
Comprehensive income	$ 15,013	$ 13,723	$ 48,333	$ 44,625
Net income per common share-basic	$ 1.28	$ 1.17	$ 4.12	$ 3.83
Net income per common share-diluted	$ 1.27	$ 1.17	$ 4.10	$ 3.80

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Statement of Comprehensive Income [Abstract]
Interest expense to related parties	$ 162	$ 172	$ 494	$ 651

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
CURRENT ASSETS:
Cash	$ 1,043	$ 1,535	$ 993
Accounts receivable, less allowance for doubtful accounts of $291, $391 and $387	64,502	56,953	68,042
Inventories	151,757	172,068	188,514
Prepaid expenses and other current assets	6,481	8,315	5,249
TOTAL CURRENT ASSETS	223,783	238,871	262,798
PROPERTY, PLANT AND EQUIPMENT:
Land	9,277	9,285	9,285
Buildings	110,739	110,294	110,278
Machinery and equipment	225,583	218,021	215,310
Furniture and leasehold improvements	5,322	5,179	5,170
Vehicles	604	682	682
Construction in progress	9,662	2,244	4,104
Property, plant and equipment gross	361,187	345,705	344,829
Less: Accumulated depreciation	247,812	239,013	237,171
Property, plant and equipment net	113,375	106,692	107,658
Rental investment property, less accumulated depreciation of $12,623, $12,018 and $11,816	16,500	17,105	17,306
TOTAL PROPERTY, PLANT AND EQUIPMENT	129,875	123,797	124,964
Intangible assets, net	10,464	12,125	12,704
Cash surrender value of officers' life insurance and other assets	9,647	11,875	9,967
Deferred income taxes	5,051	6,788	5,973
Goodwill	9,650	9,650	9,650
Operating lease right-of-use assets	3,758	4,351	4,638
TOTAL ASSETS	392,228	407,457	430,694
CURRENT LIABILITIES:
Revolving credit facility borrowings	26,005	27,008	38,175
Current maturities of long-term debt, including related party debt of $616, $585 and $574 and net of unamortized debt issuance costs of $17, $25 and $27	3,828	5,285	6,197
Accounts payable	43,684	36,323	54,856
Bank overdraft	1,509	2,041	2,091
Accrued payroll and related benefits	19,224	25,641	21,116
Other accrued expenses	12,422	15,870	12,774
TOTAL CURRENT LIABILITIES	106,672	112,168	135,209
LONG-TERM LIABILITIES:
Long-term debt, less current maturities, including related party debt of $8,481, $8,947 and $9,097 and net of unamortized debt issuance costs of $7, $19 and $24	11,842	14,730	15,670
Retirement plan	32,433	31,573	25,449
Long-term operating lease liabilities, net of current portion	2,359	2,990	3,259
Other	8,019	7,758	7,839
TOTAL LONG-TERM LIABILITIES	54,653	57,051	52,217
TOTAL LIABILITIES	161,325	169,219	187,426
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Capital in excess of par value	125,693	123,899	123,613
Retained earnings	113,993	124,058	125,273
Accumulated other comprehensive loss	(7,695)	(8,630)	(4,529)
Treasury stock, at cost; 117,900 shares of Common Stock	(1,204)	(1,204)	(1,204)
TOTAL STOCKHOLDERS' EQUITY	230,903	238,238	243,268
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	392,228	407,457	430,694
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	90	89	89
TOTAL STOCKHOLDERS' EQUITY	$ 90	$ 89	$ 89

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Allowance for doubtful accounts for accounts receivable, current	$ 291	$ 391	$ 387
Accumulated depreciation of rental investment property	12,623	12,018	11,816
Current maturities of long-term debt, related party debt	616	585	574
Unamortized debt issuance costs, current	17	25	27
Related party debt, Non-current	8,481	8,947	9,097
Unamortized debt issuance costs, noncurrent	$ 7	$ 19	$ 24
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	8,988,812	8,939,890	8,939,390

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. 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	0		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
Net income	17,461		17,461
Cash dividends	(22,947)		(22,947)
Pension liability amortization, net of income tax (expense)	258			258
Equity award exercises , net of shares withheld for employee taxes	(761)	(761)
Equity award exercises , net of shares withheld for employee taxes, shares							27,830
Stock-based compensation expense	855	855
Balance at Dec. 26, 2019	228,916	122,984	111,807	(4,786)	(1,204)	$ 26	$ 89
Balance, Shares at Dec. 26, 2019						2,597,426	8,937,236
Net income	13,466		13,466
Pension liability amortization, net of income tax (expense)	257			257
Equity award exercises , net of shares withheld for employee taxes	(73)	(73)
Equity award exercises , net of shares withheld for employee taxes, shares							2,154
Stock-based compensation expense	702	702
Balance at Mar. 26, 2020	243,268	123,613	125,273	(4,529)	(1,204)	$ 26	$ 89
Balance, Shares at Mar. 26, 2020						2,597,426	8,939,390
Balance at Jun. 25, 2020	238,238	123,899	124,058	(8,630)	(1,204)	$ 26	$ 89
Balance, Shares at Jun. 25, 2020						2,597,426	8,939,890
Net income	12,812		12,812
Cash dividends	(28,685)		(28,685)
Pension liability amortization, net of income tax (expense)	312			312
Equity award exercises , net of shares withheld for employee taxes, shares							221
Stock-based compensation expense	622	622
Balance at Sep. 24, 2020	223,299	124,521	108,185	(8,318)	(1,204)	$ 26	$ 89
Balance, Shares at Sep. 24, 2020						2,597,426	8,940,111
Balance at Jun. 25, 2020	238,238	123,899	124,058	(8,630)	(1,204)	$ 26	$ 89
Balance, Shares at Jun. 25, 2020						2,597,426	8,939,890
Net income	47,398
Balance at Mar. 25, 2021	230,903	125,693	113,993	(7,695)	(1,204)	$ 26	$ 90
Balance, Shares at Mar. 25, 2021						2,597,426	8,988,812
Balance at Sep. 24, 2020	223,299	124,521	108,185	(8,318)	(1,204)	$ 26	$ 89
Balance, Shares at Sep. 24, 2020						2,597,426	8,940,111
Net income	19,885		19,885
Pension liability amortization, net of income tax (expense)	311			311
Equity award exercises , net of shares withheld for employee taxes	(486)	(487)					$ 1
Equity award exercises , net of shares withheld for employee taxes, shares							43,477
Stock-based compensation expense	998	998
Balance at Dec. 24, 2020	244,007	125,032	128,070	(8,007)	(1,204)	$ 26	$ 90
Balance, Shares at Dec. 24, 2020						2,597,426	8,983,588
Net income	14,701		14,701
Cash dividends	(28,778)		(28,778)
Pension liability amortization, net of income tax (expense)	312			312
Equity award exercises , net of shares withheld for employee taxes	(49)	(49)
Equity award exercises , net of shares withheld for employee taxes, shares							5,224
Stock-based compensation expense	710	710
Balance at Mar. 25, 2021	$ 230,903	$ 125,693	$ 113,993	$ (7,695)	$ (1,204)	$ 26	$ 90
Balance, Shares at Mar. 25, 2021						2,597,426	8,988,812

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 25, 2021	Sep. 24, 2020	Dec. 26, 2019	Sep. 26, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share	$ 2.50	$ 2.50	$ 2.00	$ 3.00
Pension liability amortization income tax expense	$ 104	$ 104	$ 86	$ 86

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 47,398	$ 43,853
Depreciation and amortization	13,665	13,521
Gain on disposition of assets, net	(2,733)	(899)
Deferred income tax expense (benefit)	1,737	(250)
Stock-based compensation expense	2,330	2,190
Change in assets and liabilities:
Accounts receivable, net	(7,553)	(6,196)
Inventories	20,311	(31,490)
Prepaid expenses and other current assets	1,834	398
Accounts payable	7,498	12,080
Accrued expenses	(6,138)	(1,576)
Income taxes payable	(3,727)	1,039
Other long-term assets and liabilities	605	806
Other, net	1,799	1,486
Net cash provided by operating activities	77,026	34,962
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(15,769)	(10,560)
Proceeds from insurance recoveries	2,506	232
Other	(357)	(205)
Net cash used in investing activities	(13,620)	(10,533)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net short-term (repayments) borrowings	(1,003)	38,175
Debt issue costs		(410)
Principal payments on long-term debt	(4,365)	(5,880)
(Decrease) increase in bank overdraft	(532)	1,190
Dividends paid	(57,463)	(57,268)
Taxes paid related to net share settlement of equity awards	(535)	(834)
Net cash used in financing activities	(63,898)	(25,027)
NET DECREASE IN CASH	(492)	(598)
Cash, beginning of period	1,535	1,591
Cash, end of period	$ 1,043	993
Supplemental disclosure of non-cash activities:
Right-of-use assets recognized at ASU No. 2016-02 transition		$ 5,361

Basis of Presentation and Description of Business

9 Months Ended

Mar. 25, 2021

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

weeks (four thirteen-week quarters). Additional information on the comparability of the periods presented is as follows:

•

References herein to fiscal 2021 and fiscal 2020 are to the fiscal year ending June 24, 2021 and the fiscal year ended June 25, 2020, respectively.

•

References herein to the third quarter of fiscal 2021 and fiscal 2020 are to the quarters ended March 25, 2021 and March 26, 2020, respectively.

•

References herein to the first three quarters or first thirty-nine weeks of fiscal 2021 and fiscal 2020 are to the thirty-nine weeks ended March 25, 2021 and March 26, 2020, 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 our

Fisher

,

Orchard Valley Harvest

,

Squirrel Brand

,

Southern Style Nuts

and

Sunshine Country

brand names and under a variety of private brands. 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, cashew butter, candy and confections, snacks and trail mixes, snack bites, sunflower kernels, dried fruit, corn snacks, chickpea snacks, sesame sticks and other sesame snack products under our brand names and under private brands. Our products are sold through three primary distribution channels, including food retailers in the consumer channel, commercial ingredient users and contract packaging customers.

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 25, 2020 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 2020 Annual Report on Form

10-K

for the fiscal year ended June 25, 2020.

Revenue Recognition

9 Months Ended

Mar. 25, 2021

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 virtually all 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, the timing of our 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

display incentives and marketing allowances, among others, to consumer and some commercial ingredient customers. The ultimate cost of these programs is dependent on certain factors such as actual purchase volumes or customer activities and is dependent on significant management judgment when determining estimates. The Company accounts for these programs as variable consideration and recognizes a reduction in revenue (and a corresponding reduction in the transaction price) in the same period as the underlying program based upon the terms of the specific arrangements.

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 for any periods presented. The Company generally does not have material deferred revenue or contract liability balances arising from transactions with customers.

Disaggregation of Revenue

Revenue disaggregated by sales channel is as follows:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
Distribution Channel	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Consumer	$	169,415	$	158,616	$	528,201	$	503,848
Commercial Ingredients		21,052		30,312		64,399		101,447
Contract Packaging		17,425		22,696		59,140		70,598

Total	$	207,892	$	211,624	$	651,740	$	675,893

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases

9 Months Ended

Mar. 25, 2021

Leases [Abstract]

Leases

Note 3 – Leases

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 facility. Our leases generally do not contain

non-lease

components 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

assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease

right-of-use

assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental collateralized borrowing rate based on the information available at the commencement date in determining the present value of lease payments. Implicit rates are used when readily determinable. None of our leases currently contain options to extend the term. In the event of an option to extend the term of a lease, the lease term used in measuring the liability would include options to extend or terminate the lease if it is reasonably certain that the Company will exercise that option. Lease expense for operating lease payments is recognized on a straight-line basis over the respective lease term. Our leases have remaining terms of up to 5.3 years.

It is our accounting policy to not apply lease recognition requirements to short term leases, defined as leases with an initial term of 12 months or less. As such, leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheet. We have also made the policy election to not separate lease and

non-lease

components for all leases.

The following table provides supplemental information related to operating lease

right-of-use

assets and liabilities:


	March 25, 2021		June 25, 2020		March 26, 2020		Affected Line Item in Consolidated Balance Sheet
Assets
Operating lease right-of-use assets	$	3,758	$	4,351	$	4,638	Operating lease right-of-use assets

Total lease right-of-use assets	$	3,758	$	4,351	$	4,638

Liabilities
Current:
Operating leases	$	1,449	$	1,376	$	1,374	Other accrued expenses
Noncurrent:
Operating leases		2,359		2,990		3,259	Long-term operating lease liabilities

Total lease liabilities	$	3,808	$	4,366	$	4,633

The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions:


	For the Quarter Ended				For the Thirty-nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Operating lease costs (a)	$	437	$	432	$	1,387	$	1,266
Variable lease costs (b)		17		16		54		47
Total Lease Cost	$	454	$	448	$	1,441	$	1,313

(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 Thirty-nine Weeks Ended
	March 25, 2021		March 26, 2020
Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities	$	1,171	$	1,163
Non-cash activity:
Right-of-use assets obtained in exchange for new operating lease obligations	$	490	$	326


	March 25, 2021			June 25, 2020			March 26, 2020
Weighted Average Remaining Lease Term (in years)		3.0			3.4			3.6
Weighted Average Discount Rate		4.3	%		4.4	%		4.4	%

Maturities of operating lease liabilities as of March 25, 2021 are as follows:


Fiscal year ending
June 24, 2021 (excluding the thirty-nine weeks ended March 25, 2021)	$	438
June 30, 2022		1,486
June 29, 2023		1,236
June 27, 2024		593
June 26, 2025		231
June 25, 2026		59
Thereafter		—

Total lease payment		4,043
Less imputed interest		(235	)

Present value of operating lease liabilities	$	3,808

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 ended				For the Thirty-nine weeks ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Lease income related to lease payments	$	451	$	510	$	1,354	$	1,515

The future minimum, undiscounted fixed cash flows under

non-cancelable

tenant operating leases for each of the next five years and thereafter is presented below.


Fiscal year ending
June 24, 2021 (excluding the thirty-nine weeks ended March 25, 2021)	$	499
June 30, 2022		1,747
June 29, 2023		1,790
June 27, 2024		1,818
June 26, 2025		1,228
June 25, 2026		670
Thereafter		614

	$	8,366

Inventories

9 Months Ended

Mar. 25, 2021

Inventory Disclosure [Abstract]

Inventories

Note 4 – Inventories

Inventories consist of the following:


	March 25, 2021		June 25, 2020		March 26, 2020
Raw material and supplies	$	73,068	$	69,276	$	87,120
Work-in-process and finished goods		78,689		102,792		101,394

Total	$	151,757	$	172,068	$	188,514

Goodwill and Intangible Assets

9 Months Ended

Mar. 25, 2021

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:


	March 25, 2021			June 25, 2020			March 26, 2020
Customer relationships	$	21,100		$	21,100		$	21,100
Brand names		16,990			16,990			16,990
Non-compete agreement		270			270			270

		38,360			38,360			38,360
Less accumulated amortization:
Customer relationships		(17,326	)		(16,223	)		(15,830	)
Brand names		(10,390	)		(9,873	)		(9,700	)
Non-compete agreement		(180	)		(139	)		(126	)

		(27,896	)		(26,235	)		(25,656	)

Net intangible assets	$	10,464		$	12,125		$	12,704

Customer relationships are being amortized on an accelerated basis. The brand names remaining to be amortized consist of the

Squirrel Brand

and

Southern Style Nuts

brand names.

Total amortization expense related to intangible assets, which is recorded within Administrative expense, was $504 and $1,661 for the quarter and thirty-nine weeks ended March 25, 2021, respectively. Amortization expense for the remainder of fiscal 2021 is expected to be approximately $504 and expected amortization expense the next five fiscal years is as follows:


Fiscal year ending
June 30, 2022	$	1,896
June 29, 2023		1,657
June 27, 2024		1,414
June 26, 2025		1,156
June 25, 2026		861

Our net goodwill of $9,650 relates entirely to the Squirrel Brand acquisition completed in the second quarter of fiscal 2018. There was no change in the carrying amount of goodwill during the thirty-nine weeks ended March 25, 2021.

Credit Facility	9 Months Ended
Credit Facility	Mar. 25, 2021
Debt Disclosure [Abstract]
Credit Facility	Note 6 – Credit Facility Our Amended and Restated Credit Agreement dated March 5, 2020 provides for a $117,500 senior secured revolving credit facility (the “Credit Facility”). The Credit Facility is secured by substantially all our assets other than machinery and equipment, real property and fixtures. At March 25, 2021, we had $88,310 of available credit under the Credit Facility which reflects borrowings of $26,005 and reduced availability as a result of $3,185 in outstanding letters of credit. As of March 25, 2021, we were in compliance with all financial covenants under the Credit Facility and Mortgage Facility (as defined below).

Earnings Per Common Share

9 Months Ended

Mar. 25, 2021

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 the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Weighted average number of shares outstanding – basic		11,515,465		11,475,874		11,495,504		11,459,653
Effect of dilutive securities:
Stock options and restricted stock units		58,552		63,767		57,206		75,015

Weighted average number of shares outstanding – diluted		11,574,017		11,539,641		11,552,710		11,534,668

The following table presents a summary of anti-dilutive awards excluded from the computation of diluted earnings per share:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Weighted average number of anti-dilutive awards:		—		28,040		—		9,347
Weighted average exercise price per award:	$	—	$	90.26	$	—	$	90.26

Stock-Based Compensation Plans

9 Months Ended

Mar. 25, 2021

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation Plans

Note 8 – Stock-Based Compensation Plans

The following is a summary of restricted stock unit (“RSU”) activity for the first thirty-nine weeks of fiscal 2021:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 25, 2020		166,879		$	51.62
Activity:
Granted		54,966			68.97
Vested (a)		(55,826	)		48.46
Forfeited		(2,356	)		70.58

Outstanding at March 25, 2021		163,663		$	58.25

(a)	The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy the statutory income tax withholding requirements.

At March 25, 2021, there are 47,127 RSUs outstanding that are vested but deferred.

The following table summarizes compensation expense charged to earnings for all equity compensation plans for the periods presented:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Stock-based compensation expense	$	710	$	702	$	2,330	$	2,190

As of March 25, 2021, there was $4,602 of total unrecognized compensation expense related to

non-vested

RSUs granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.6 years.

Retirement Plan

9 Months Ended

Mar. 25, 2021

Retirement Benefits [Abstract]

Retirement Plan

Note 9 – Retirement Plan

The Supplemental Employee Retirement Plan is an unfunded,

non-qualified

deferred compensation plan that will provide eligible participants with monthly benefits upon retirement, disability or death, subject to certain conditions. The monthly benefit is based upon each participant’s earnings and his or her number of years of service. The components of net periodic benefit cost are as follows:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Service cost	$	236	$	178	$	708	$	534
Interest cost		214		223		643		669
Amortization of prior service cost		120		239		359		718
Amortization of loss		296		104		887		312

Net periodic benefit cost	$	866	$	744	$	2,597	$	2,233

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.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
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+ Details

Accumulated Other Comprehensive Loss

9 Months Ended

Mar. 25, 2021

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 thirty-nine weeks ended March 25, 2021 and March 26, 2020.

These changes are all related to our defined benefit pension plan.


	For the Thirty-Nine Weeks Ended
Changes to AOCL (a)	March 25, 2021			March 26, 2020
Balance at beginning of period	$	(8,630	)	$	(4,325	)
Other comprehensive income before reclassifications		—			—
Amounts reclassified from accumulated other comprehensive loss		1,246			1,030
Tax effect		(311	)		(258	)

Net current-period other comprehensive income		935			772
Impact of adopting ASU 2018-02		—			(976	)

Balance at end of period	$	(7,695	)	$	(4,529	)

(a)	Amounts in parenthesis indicate debits/expense.

The reclassifications out of AOCL for the quarter and thirty-nine weeks ended March 25, 2021 and March 26, 2020 were as follows:


													Affected line item in the Consolidated Statements of Comprehensive Income
Reclassifications from AOCL to earnings (b)	For the Quarter Ended						For the Thirty-Nine Weeks Ended
Reclassifications from AOCL to earnings (b)	March 25, 2021			March 26, 2020			March 25, 2021			March 26, 2020
Amortization of defined benefit pension items:
Unrecognized prior service cost	$	(120	)	$	(239	)	$	(359	)	$	(718	)		Other expense
Unrecognized net loss		(296	)		(104	)		(887	)		(312	)		Other expense

Total before tax		(416	)		(343	)		(1,246	)		(1,030	)
Tax effect		104			86			311			258			Income tax expense

Amortization of defined pension items, net of tax	$	(312	)	$	(257	)	$	(935	)	$	(772	)

(b)	Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details.

Commitments and Contingent Liabilities	9 Months Ended
Commitments and Contingent Liabilities	Mar. 25, 2021
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. Where 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 Instruments

9 Months Ended

Mar. 25, 2021

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:


	March 25, 2021		June 25, 2020		March 26, 2020
Carrying value of long-term debt:	$	15,694	$	20,059	$	21,918
Fair value of long-term debt:		16,250		20,186		22,946

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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Related Party Transaction	9 Months Ended
Related Party Transaction	Mar. 25, 2021
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 pursuant to a promissory note (the “Promissory Note”) to the principal owner and seller of the Squirrel Brand business, who was subsequently appointed as an executive officer of the Company and was considered a related party. Late in the second quarter of fiscal 2020, the employment of this executive officer with the Company ceased. He is no longer considered a related party, and therefore the outstanding bala n ce on the Promissory Note is not reflected as related party debt on our Consolidated Balance Sheet for any periods presented. There was no related party interest paid to this former executive officer during the thirty-nine weeks ended March 25 , 2021 or the quarter ended March 26 , 2020. Interest paid while the former executive officer was a related party was $127 for the thirty-nine weeks ended March 26 , 2020.

Garysburg, North Carolina Facility	9 Months Ended
Garysburg, North Carolina Facility	Mar. 25, 2021
Damage From Fire In Business Unit [Abstract]
Garysburg, North Carolina Facility	Note 14 – Garysburg, North Carolina Facility On October 7, 2019 we experienced a fire at our peanut processing facility located in Garysburg, North Carolina. 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. During fiscal 2020, the building and roof were repaired and brought back to their original condition. After evaluating our options with regard to our peanut production operations, the Company currently plans to cease all operations permanently at the Garysburg facility. We completed shelling of the 2019 peanut crop during the second quarter of this fiscal year and the facility will continue to be used to store and ship inshell peanuts through the remainder of fiscal 2021. During fiscal 2020 we manufactured and sold approximately 6 million pounds of inshell peanuts from this facility and plan to discontinue that product line at the end of the current fiscal year. We also expect to spend the remainder of the 2021 fiscal year cleaning and preparing the facility for sale or other utilization in our operations. Employee separation and related closure costs were immaterial for all periods presented. Insurance proceeds totaling $2,934 were received from the insurance carrier in fiscal 2020, and the final payment of $2,730 was received during the current third quarter. Insurance proceeds received for damage to capital equipment are recorded as investing activities on the Consolidated Statements of Cash Flows when received.

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Mar. 25, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 15 – Recent Accounting Pronouncements The following recent accounting pronouncements have been adopted in the current fiscal year: In August 2018, the FASB issued ASU No. 2018-15 “ Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract ”. The amendments in this Update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). ASU No. 2018-15 was adopted using the prospective method in the first quarter of fiscal 2021 and did not have a material impact on our Consolidated Financial Statements. In August 2018, the FASB issued ASU No. 2018-14 “ Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans ”. The amendments in this Update modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The amendments in this Update remove disclosures that no longer are considered cost beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. ASU No. 2018-14 was adopted on a retrospective basis to all periods presented in the first quarter of fiscal 2021 and had no impact on our quarterly Consolidated Financial Statements. In January 2017, the FASB issued ASU No. 2017-04 “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The amendments in this Update eliminate the need for entities to calculate the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination, commonly referred to as “Step 2”. Under this amendment, an entity will perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge is recognized for the amount by which the carrying value exceeds the reporting unit’s fair value. ASU No. 2017-04 was adopted in the first quarter of fiscal 2021 and did not have a material impact on our Consolidated Financial Statements. In June 2016, the FASB issued ASU No. 2016-13 “ Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ”. The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU No. 2016-13 was adopted using a modified retrospective transition method in the first quarter of fiscal 2021 and did not have a material impact on our Consolidated Financial Statements. 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.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

Revenue Recognition (Policies)

9 Months Ended

Mar. 25, 2021

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 virtually all 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, the timing of our 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

display incentives and marketing allowances, among others, to consumer and some commercial ingredient customers. The ultimate cost of these programs is dependent on certain factors such as actual purchase volumes or customer activities and is dependent on significant management judgment when determining estimates. The Company accounts for these programs as variable consideration and recognizes a reduction in revenue (and a corresponding reduction in the transaction price) in the same period as the underlying program based upon the terms of the specific arrangements.

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 for any periods presented. The Company generally does not have material deferred revenue or contract liability balances arising from transactions with customers.

Disaggregation of Revenue

Revenue disaggregated by sales channel is as follows:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
Distribution Channel	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Consumer	$	169,415	$	158,616	$	528,201	$	503,848
Commercial Ingredients		21,052		30,312		64,399		101,447
Contract Packaging		17,425		22,696		59,140		70,598

Total	$	207,892	$	211,624	$	651,740	$	675,893

Revenue Recognition (Tables)

9 Months Ended

Mar. 25, 2021

Revenue from Contract with Customer [Abstract]

Summary of Revenue Disaggregated by Sales Channel

Revenue disaggregated by sales channel is as follows:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
Distribution Channel	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Consumer	$	169,415	$	158,616	$	528,201	$	503,848
Commercial Ingredients		21,052		30,312		64,399		101,447
Contract Packaging		17,425		22,696		59,140		70,598

Total	$	207,892	$	211,624	$	651,740	$	675,893

Leases (Tables)

9 Months Ended

Mar. 25, 2021

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

assets and liabilities:


	March 25, 2021		June 25, 2020		March 26, 2020		Affected Line Item in Consolidated Balance Sheet
Assets
Operating lease right-of-use assets	$	3,758	$	4,351	$	4,638	Operating lease right-of-use assets

Total lease right-of-use assets	$	3,758	$	4,351	$	4,638

Liabilities
Current:
Operating leases	$	1,449	$	1,376	$	1,374	Other accrued expenses
Noncurrent:
Operating leases		2,359		2,990		3,259	Long-term operating lease liabilities

Total lease liabilities	$	3,808	$	4,366	$	4,633

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 Quarter Ended				For the Thirty-nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Operating lease costs (a)	$	437	$	432	$	1,387	$	1,266
Variable lease costs (b)		17		16		54		47
Total Lease Cost	$	454	$	448	$	1,441	$	1,313

(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 Thirty-nine Weeks Ended
	March 25, 2021		March 26, 2020
Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities	$	1,171	$	1,163
Non-cash activity:
Right-of-use assets obtained in exchange for new operating lease obligations	$	490	$	326

Summary of other information


	March 25, 2021			June 25, 2020			March 26, 2020
Weighted Average Remaining Lease Term (in years)		3.0			3.4			3.6
Weighted Average Discount Rate		4.3	%		4.4	%		4.4	%

Summary of maturities of operating lease liabilities

Maturities of operating lease liabilities as of March 25, 2021 are as follows:


Fiscal year ending
June 24, 2021 (excluding the thirty-nine weeks ended March 25, 2021)	$	438
June 30, 2022		1,486
June 29, 2023		1,236
June 27, 2024		593
June 26, 2025		231
June 25, 2026		59
Thereafter		—

Total lease payment		4,043
Less imputed interest		(235	)

Present value of operating lease liabilities	$	3,808

Summary of operating lease revenue

Leasing revenue is as follows:


	For the Quarter ended				For the Thirty-nine weeks ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Lease income related to lease payments	$	451	$	510	$	1,354	$	1,515

Undiscounted fixed lease consideration under non-cancelable tenant operating leases

The future minimum, undiscounted fixed cash flows under

non-cancelable

tenant operating leases for each of the next five years and thereafter is presented below.


Fiscal year ending
June 24, 2021 (excluding the thirty-nine weeks ended March 25, 2021)	$	499
June 30, 2022		1,747
June 29, 2023		1,790
June 27, 2024		1,818
June 26, 2025		1,228
June 25, 2026		670
Thereafter		614

	$	8,366

Inventories (Tables)

9 Months Ended

Mar. 25, 2021

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consist of the following:


	March 25, 2021		June 25, 2020		March 26, 2020
Raw material and supplies	$	73,068	$	69,276	$	87,120
Work-in-process and finished goods		78,689		102,792		101,394

Total	$	151,757	$	172,068	$	188,514

Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 25, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Identifiable Intangible Assets

Identifiable intangible assets that are subject to amortization consist of the following:


	March 25, 2021			June 25, 2020			March 26, 2020
Customer relationships	$	21,100		$	21,100		$	21,100
Brand names		16,990			16,990			16,990
Non-compete agreement		270			270			270

		38,360			38,360			38,360
Less accumulated amortization:
Customer relationships		(17,326	)		(16,223	)		(15,830	)
Brand names		(10,390	)		(9,873	)		(9,700	)
Non-compete agreement		(180	)		(139	)		(126	)

		(27,896	)		(26,235	)		(25,656	)

Net intangible assets	$	10,464		$	12,125		$	12,704

Summary of Expected Amortization Expense

expected amortization expense the next five fiscal years is as follows:


Fiscal year ending
June 30, 2022	$	1,896
June 29, 2023		1,657
June 27, 2024		1,414
June 26, 2025		1,156
June 25, 2026		861

Earnings Per Common Share (Tables)

9 Months Ended

Mar. 25, 2021

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				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Weighted average number of shares outstanding – basic		11,515,465		11,475,874		11,495,504		11,459,653
Effect of dilutive securities:
Stock options and restricted stock units		58,552		63,767		57,206		75,015

Weighted average number of shares outstanding – diluted		11,574,017		11,539,641		11,552,710		11,534,668

Summary of Anti-dilutive Awards Excluded from Computation of Diluted Earnings Per Share

The following table presents a summary of anti-dilutive awards excluded from the computation of diluted earnings per share:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Weighted average number of anti-dilutive awards:		—		28,040		—		9,347
Weighted average exercise price per award:	$	—	$	90.26	$	—	$	90.26

Stock-Based Compensation Plans (Tables)

9 Months Ended

Mar. 25, 2021

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of RSU Activity

The following is a summary of restricted stock unit (“RSU”) activity for the first thirty-nine weeks of fiscal 2021:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 25, 2020		166,879		$	51.62
Activity:
Granted		54,966			68.97
Vested (a)		(55,826	)		48.46
Forfeited		(2,356	)		70.58

Outstanding at March 25, 2021		163,663		$	58.25

(a)	The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy the statutory income tax withholding requirements.

Summary of Compensation Cost and Income Tax Benefit

The following table summarizes compensation expense charged to earnings for all equity compensation plans for the periods presented:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Stock-based compensation expense	$	710	$	702	$	2,330	$	2,190

Retirement Plan (Tables)

9 Months Ended

Mar. 25, 2021

Retirement Benefits [Abstract]

Schedule of Net Periodic Pension Cost

The components of net periodic benefit cost are as follows:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Service cost	$	236	$	178	$	708	$	534
Interest cost		214		223		643		669
Amortization of prior service cost		120		239		359		718
Amortization of loss		296		104		887		312

Net periodic benefit cost	$	866	$	744	$	2,597	$	2,233

Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Mar. 25, 2021

Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss

The table below sets forth the changes to accumulated other comprehensive loss (“AOCL”) for the thirty-nine weeks ended March 25, 2021 and March 26, 2020.

These changes are all related to our defined benefit pension plan.


	For the Thirty-Nine Weeks Ended
Changes to AOCL (a)	March 25, 2021			March 26, 2020
Balance at beginning of period	$	(8,630	)	$	(4,325	)
Other comprehensive income before reclassifications		—			—
Amounts reclassified from accumulated other comprehensive loss		1,246			1,030
Tax effect		(311	)		(258	)

Net current-period other comprehensive income		935			772
Impact of adopting ASU 2018-02		—			(976	)

Balance at end of period	$	(7,695	)	$	(4,529	)

(a)	Amounts in parenthesis indicate debits/expense.

Reclassifications Out of AOCL

The reclassifications out of AOCL for the quarter and thirty-nine weeks ended March 25, 2021 and March 26, 2020 were as follows:


													Affected line item in the Consolidated Statements of Comprehensive Income
Reclassifications from AOCL to earnings (b)	For the Quarter Ended						For the Thirty-Nine Weeks Ended
Reclassifications from AOCL to earnings (b)	March 25, 2021			March 26, 2020			March 25, 2021			March 26, 2020
Amortization of defined benefit pension items:
Unrecognized prior service cost	$	(120	)	$	(239	)	$	(359	)	$	(718	)		Other expense
Unrecognized net loss		(296	)		(104	)		(887	)		(312	)		Other expense

Total before tax		(416	)		(343	)		(1,246	)		(1,030	)
Tax effect		104			86			311			258			Income tax expense

Amortization of defined pension items, net of tax	$	(312	)	$	(257	)	$	(935	)	$	(772	)

(b)	Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details.

Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 25, 2021

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:


	March 25, 2021		June 25, 2020		March 26, 2020
Carrying value of long-term debt:	$	15,694	$	20,059	$	21,918
Fair value of long-term debt:		16,250		20,186		22,946

Basis of Presentation and Description of Business - Additional Information (Detail)	9 Months Ended
	Mar. 25, 2021 Channel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of distribution channels	3

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Mar. 26, 2020
Disaggregation of Revenue [Line Items]
Contract assets	$ 0	$ 0

Revenue Recognition - Summary of Revenue Disaggregated by Sales Channel (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Disaggregation of Revenue [Line Items]
Total	$ 207,892	$ 211,624	$ 651,740	$ 675,893
Consumer [Member]
Disaggregation of Revenue [Line Items]
Total	169,415	158,616	528,201	503,848
Commercial Ingredients [Member]
Disaggregation of Revenue [Line Items]
Total	21,052	30,312	64,399	101,447
Contract Packaging [Member]
Disaggregation of Revenue [Line Items]
Total	$ 17,425	$ 22,696	$ 59,140	$ 70,598

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Leases - Additional Information (Detail)	Mar. 25, 2021
Maximum [Member]
Operating Leased Assets [Line Items]
Remaining lease term	5 years 3 months 18 days

Leases - Operating Lease Assets And Liabilities (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Assets
Operating lease right-of-use assets	$ 3,758	$ 4,351	$ 4,638
Noncurrent
Operating Lease, Liability, Noncurrent	2,359	2,990	3,259
Total lease liabilities	3,808	4,366	4,633
Operating LeaseRight Of UseAssets [Member]
Assets
Operating lease right-of-use assets	3,758	4,351	4,638
Other Liabilities [Member]
Current
Operating Lease, Liability, Current	1,449	1,376	1,374
Non Current Operating Lease Liabilities [Member]
Noncurrent
Operating Lease, Liability, Noncurrent	$ 2,359	$ 2,990	$ 3,259

Leases - LeaseCost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases - LeaseCost (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Leases [Abstract]
Operating lease costs	$ 437	$ 432	$ 1,387	$ 1,266
Variable lease costs	17	16	54	47
Total Lease Cost	$ 454	$ 448	$ 1,441	$ 1,313

Leases - Operating Leases Cash Flow Related Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020
Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities	$ 1,171	$ 1,163
Non-cash activity:
Right of use assets obtained in exchange for new operating lease obligations	$ 490	$ 326

Leases - Other Information Related to Operating Lease (Detail)	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Leases [Abstract]
Weighted Average Remaining Lease Term (in years)	3 years	3 years 4 months 24 days	3 years 7 months 6 days
Weighted Average Discount Rate	4.30%	4.40%	4.40%

Leases - Lessee Operating Lease Liability Maturity (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Leases [Abstract]
June 24, 2021 (excluding the thirty-nine weeks ended March 25, 2021)	$ 438
June 30, 2022	1,486
June 29, 2023	1,236
June 27, 2024	593
June 26, 2025	231
June 25, 2026	59
Thereafter	0
Total lease payment	4,043
Less imputed interest	(235)
Present value of operating lease liabilities	$ 3,808	$ 4,366	$ 4,633

Leases - Operating Lease Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Leases [Abstract]
Lease income related to lease payments	$ 451	$ 510	$ 1,354	$ 1,515

Leases - Lessor Operating Lease Payments To Be Received Maturity (Detail) $ in Thousands	Mar. 25, 2021 USD ($)
Leases [Abstract]
June 24, 2021 (excluding the thirty-nine weeks ended March 25, 2021)	$ 499
June 30, 2022	1,747
June 29, 2023	1,790
June 27, 2024	1,818
June 26, 2025	1,228
June 25, 2026	670
Thereafter	614
Total	$ 8,366

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Inventory Disclosure [Abstract]
Raw material and supplies	$ 73,068	$ 69,276	$ 87,120
Work-in-process and finished goods	78,689	102,792	101,394
Total	$ 151,757	$ 172,068	$ 188,514

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 25, 2021	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Goodwill and Intangible Assets [Line Items]
Amortization expense for remainder of fiscal 2021	$ 504	$ 504
Goodwill related to acquisition of Squirrel Brand	9,650	9,650	$ 9,650	$ 9,650
Administrative Expenses [Member]
Goodwill and Intangible Assets [Line Items]
Amortization of intangible assets	504	1,661
Squirrel Brand [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill related to acquisition of Squirrel Brand	$ 9,650	$ 9,650

Goodwill and Intangible Assets - Components of Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 38,360	$ 38,360	$ 38,360
Less accumulated amortization:
Total accumulated amortization	(27,896)	(26,235)	(25,656)
Net intangible assets	10,464	12,125	12,704
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	21,100	21,100	21,100
Less accumulated amortization:
Total accumulated amortization	(17,326)	(16,223)	(15,830)
Brand Names [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	16,990	16,990	16,990
Less accumulated amortization:
Total accumulated amortization	(10,390)	(9,873)	(9,700)
Non-compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	270	270	270
Less accumulated amortization:
Total accumulated amortization	$ (180)	$ (139)	$ (126)

Goodwill and Intangible Assets - Summary of Expected Amortization Expense (Detail) $ in Thousands	Mar. 25, 2021 USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
June 30, 2022	$ 1,896
June 29, 2023	1,657
June 27, 2024	1,414
June 26, 2025	1,156
June 25, 2026	$ 861

Credit Facility - Additional Information (Detail) - Senior Secured Revolving Credit Facility [Member] - USD ($) $ in Thousands	Mar. 25, 2021	Mar. 05, 2020
Debt Instrument [Line Items]
Revolving loan commitment and letter of credit sub facility		$ 117,500
Available credit under the Credit Facility	$ 88,310
Outstanding letters of credit	3,185
Revolving credit facility borrowings	$ 26,005

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Earnings Per Common Share - Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings Per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average number of shares outstanding - basic	11,515,465	11,475,874	11,495,504	11,459,653
Effect of dilutive securities:
Stock options and restricted stock units	58,552	63,767	57,206	75,015
Weighted average number of shares outstanding - diluted	11,574,017	11,539,641	11,552,710	11,534,668

Earnings Per Common Share - Summary of Anti-dilutive Awards Excluded from Computation of Diluted Earnings Per Share (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Earnings Per Share [Abstract]
Weighted average number of anti-dilutive awards:	0	28,040	0	9,347
Weighted average exercise price per award:	$ 0	$ 90.26	$ 0	$ 90.26

Stock-Based Compensation Plans - Additional Information (Detail) $ in Thousands	9 Months Ended
	Mar. 25, 2021 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected weighted average recognize period of unrecognized compensation cost related to non-vested share-based compensation	1 year 7 months 6 days
Unrecognized compensation expense related to non-vested share-based compensation \| $	$ 4,602
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units vested \| shares	47,127

Stock-Based Compensation Plans - Summary of RSU Activity (Detail)

9 Months Ended

Mar. 25, 2021

$ / shares

shares

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Outstanding beginning balance, Shares | shares

166,879

Granted, Shares | shares

54,966

Vested, Shares | shares

(55,826)

^[1]

Forfeited, Shares | shares

(2,356)

Outstanding ending balance, Shares | shares

163,663

Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares

$ 51.62

Granted, Weighted-Average Grant-Date Fair Value | $ / shares

68.97

Vested, Weighted-Average Grant-Date Fair Value | $ / shares

48.46

^[1]

Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares

70.58

Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares

$ 58.25

[1]	The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy the statutory income tax withholding requirements.

Stock-Based Compensation Plans - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation cost charged to earnings	$ 710	$ 702	$ 2,330	$ 2,190

Retirement Plan - Schedule of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020	Mar. 25, 2021	Mar. 26, 2020
Retirement Benefits [Abstract]
Service cost	$ 236	$ 178	$ 708	$ 534
Interest cost	214	223	643	669
Amortization of prior service cost	120	239	359	718
Amortization of loss	296	104	887	312
Net periodic benefit cost	$ 866	$ 744	$ 2,597	$ 2,233

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 25, 2021

Mar. 26, 2020

Sep. 26, 2019

Mar. 25, 2021

Mar. 26, 2020

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

$ (8,630)

Net current-period other comprehensive income

$ 312

$ 257

935

$ 772

Impact of adopting ASU 2018-02

$ 0

Balance at end of period

(7,695)

(4,529)

(7,695)

(4,529)

Accumulated Other Comprehensive Loss [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

^[1]

(8,630)

(4,325)

Other comprehensive income before reclassifications

^[1]

0

Amounts reclassified from accumulated other comprehensive loss

^[1]

1,246

1,030

Tax effect

^[1]

(311)

(258)

Net current-period other comprehensive income

^[1]

935

772

Impact of adopting ASU 2018-02

$ (976)

(976)

^[1]

Balance at end of period

^[1]

$ (7,695)

$ (4,529)

$ (7,695)

$ (4,529)

[1]	Amounts in parenthesis indicate debits/expense.

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

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-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e640-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

Accumulated Other Comprehensive Loss - Reclassifications Out of AOCL (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 25, 2021

Mar. 26, 2020

Mar. 25, 2021

Mar. 26, 2020

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

^[1]

$ (120)

$ (239)

$ (359)

$ (718)

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

^[1]

(296)

(104)

(887)

(312)

Amortization of Defined Benefit Pension Items [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Total before tax

^[1]

(416)

(343)

(1,246)

(1,030)

Tax effect

^[1]

104

86

311

258

Amortization of defined pension items, net of tax

^[1]

$ (312)

$ (257)

$ (935)

$ (772)

[1]	Amounts in parenthesis indicate debits to expense. See Note 9 – “Retirement Plan” above for additional details.

Fair Value of Financial Instruments - Carrying Value and Fair Value Estimate of Current and Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 25, 2021	Jun. 25, 2020	Mar. 26, 2020
Fair Value Disclosures [Abstract]
Carrying value of long-term debt:	$ 15,694	$ 20,059	$ 21,918
Fair value of long-term debt:	$ 16,250	$ 20,186	$ 22,946

Related Party Transaction - Additional Information (Detail) - Promissory Note [Member] - USD ($) $ in Thousands	9 Months Ended
	Mar. 25, 2021	Mar. 26, 2020
Purchase price financed by seller through unsecured debt	$ 11,500
Executive Officer [Member]
Interest paid to related parties	$ 127	$ 127

Garysburg, North Carolina Facility - Additional Information (Detail) $ in Thousands, £ in Millions	3 Months Ended	9 Months Ended
	Mar. 25, 2021 USD ($)	Mar. 25, 2021 GBP (£)	Mar. 25, 2021 USD ($)
Fire Note [Line Items]
Quantity of inshell peanuts manufactured at this facility \| £		£ 6
Damage from Fire, Explosion or Other Hazard [Member]
Fire Note [Line Items]
Advance payment of insurance \| $	$ 2,934		$ 2,730