Consolidated Statements of Operations The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 38 (in thousands, except per share data) FOR THE FISCAL YEARS ENDED JUNE 30, 2019, JULY 1, 2018 AND JULY 2, 2017 2019 2018 2017 NET SALES $ 1,836,605 $ 1,881,294 $ 1,786,103 COST OF GOODS SOLD 1,535,554 1,483,212 1,402,274 Gross Profit 301,051 398,082 383,829 ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 349,276 375,230 300,062 EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATES 9,029 9,257 11,056 Income (Loss) from Operations (39,196) 32,109 94,823 INTEREST EXPENSE (29,242 ) (25,320 ) (20,293 ) OTHER INCOME, Net 340 4,312 5,131 Income (Loss) Before Income Taxes (68,098 ) 11,101 79,661 PROVISION (CREDIT) FOR INCOME TAXES (14,015) 22,421 23,011 NET INCOME (LOSS) $ (54,083 ) $ (11,320 ) $ 56,650 EARNINGS (LOSS) PER SHARE Basic $ (1.31) $ (0.28) $ 1.31 Diluted $ (1.31 ) $ (0.28 ) $ 1.31 WEIGHTED AVERAGE SHARES OUTSTANDING Basic 41,647 42,068 42,178 Diluted 41,647 42,068 42,263