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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 27, 2019
Sep. 28, 2018
Cash flows from operating activities:    
Net (loss) income $ (6,293) $ 2,903
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquired assets:    
Depreciation and amortization 2,926 2,349
Provision for deferred income taxes (1,663) 3,460
Stock compensation expense and other non-cash changes, net 457 892
Net change in operating assets and liabilities 6,054 (9,953)
Amortization of inventory fair value step-up 1,171
Net cash provided by operating activities 1,481 822
Cash flows from investing activities:    
Acquisitions of fixed assets (4,037) (3,556)
Proceeds from sale of fixed assets 29 30
Other, net (129) (129)
Acquisition of Veth Propulsion, less cash acquired (59,649)
Net cash used by investing activities (4,137) (63,304)
Cash flows from financing activities:    
Borrowings under revolving loan arrangement 33,095 67,103
Repayments of revolver loans (25,397) (45,231)
Dividends paid to noncontrolling interest (127) (115)
Payments of withholding taxes on stock compensation (913) (926)
Proceeds from issuance of common stock, net 32,210
Proceeds from exercise of stock options 12
Borrowings under term debt arrangement 35,000
Repayments of term debt loan (24,234)
Net cash provided by financing activities 6,658 63,819
Effect of exchange rate changes on cash 141 49
Net change in cash 4,143 1,386
Cash:    
Beginning of period 12,362 15,171
End of period $ 16,505 $ 16,557