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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 27, 2019
Dec. 28, 2018
Cash flows from operating activities:    
Net (loss) income $ (12,759) $ 6,982
Adjustments to reconcile net (loss) income to net cash provided (used) by operating activities, net of acquired assets:    
Depreciation and amortization 5,926 4,510
Restructuring expenses 3,844
Provision for deferred income taxes (3,901) 2,555
Stock compensation expense and other non-cash changes, net 774 1,506
Amortization of inventory fair value step-up 2,173
Net change in operating assets and liabilities 6,232 (21,505)
Net cash provided (used) by operating activities 116 (3,779)
Cash flows from investing activities:    
Acquisitions of fixed assets (6,860) (6,676)
Proceeds from sale of fixed assets 55 63
Other, net (129) (129)
Acquisition of Veth Propulsion, less cash acquired (59,651)
Net cash used by investing activities (6,934) (66,393)
Cash flows from financing activities:    
Borrowings under revolving loan arrangement 58,993 93,675
Repayments of revolver loans (48,130) (62,326)
Repayments of long term debt (603) (24,230)
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 36
Borrowings under term debt arrangement 35,000
Net cash provided by financing activities 9,220 73,324
Effect of exchange rate changes on cash 72 219
Net change in cash 2,474 3,371
Cash:    
Beginning of period 12,362 15,171
End of period $ 14,836 $ 18,542