Quarterly report pursuant to Section 13 or 15(d)

Inventories

v2.4.0.6
Inventories
6 Months Ended
Dec. 29, 2012
Inventory Disclosure [Abstract]  
Inventories
Inventories
Inventories, net of reserves, consist of the following (in thousands):
 
December 29,
2012
 
June 30,
2012
Raw materials
$
11,629

 
$
11,759

Work in process
16,520

 
18,986

Finished goods
140,208

 
130,888

 
$
168,357

 
$
161,633


Raw materials include finished yarn and direct materials for the basics segment and include direct embellishment materials for the branded segment as well as undecorated garments and headwear for the Junkfood and To The Game business units. We regularly review inventory quantities on hand and record reserves for obsolescence, excess quantities, irregulars and slow-moving inventory based on historical selling prices, current market conditions, and forecasted product demand to reduce inventory to its net realizable value.