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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 29, 2019
Mar. 30, 2018
Cash flows from operating activities:    
Net income $ 11,569 $ 3,690
Adjustments to reconcile net income to net cash (used) provided by operating activities, net of acquired assets:    
Depreciation and amortization 6,974 4,908
Amortization of inventory fair value step-up 3,223
Restructuring expenses 28 162
Gain on sale of Mill Log (865)
Gain on contingent consideration of Veth Propulsion acquisition (492)
Provision for deferred income taxes 1,158 3,455
Stock compensation expense and other non-cash changes, net 2,123 1,330
Net change in operating assets and liabilities (35,876) (12,544)
Net cash (used) provided by operating activities (12,158) 1,001
Cash flows from investing activities:    
Proceeds from sale of Mill Log, net of costs to sell 5,158
Acquisition of Veth Propulsion, less cash acquired (60,195)
Acquisitions of fixed assets (8,911) (4,354)
Proceeds from sale of fixed assets 145 141
Other, net (229) (129)
Net cash used by investing activities (64,032) (4,342)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 32,210
Proceeds from exercise of stock options 36
Borrowings under long-term debt arrangement 44,151
Repayments of long-term borrowings (23,872)
Borrowings under revolving loan arrangement 123,904 54,415
Repayments of revolver loans (99,156) (53,138)
Dividends paid to noncontrolling interest (115) (172)
Payments of withholding taxes on stock compensation (926) (422)
Net cash provided by financing activities 76,232 683
Effect of exchange rate changes on cash 544 1,406
Net change in cash 586 (1,252)
Cash:    
Beginning of period 15,171 16,367
End of period $ 15,757 $ 15,115