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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 27, 2020
Mar. 29, 2019
Cash flows from operating activities:    
Net (loss) income $ (37,935) $ 11,569
Adjustments to reconcile net (loss) income to net cash provided (used) by operating activities, net of acquired assets:    
Depreciation and amortization 8,917 6,974
Restructuring expenses 2,556 28
Goodwill and other impairment charge 27,603
Provision for deferred income taxes (6,225) 1,158
Stock compensation expense and other non-cash changes, net 859 2,123
Amortization of inventory fair value step-up 3,223
Gain on sale of Mill Log (865)
Gain on contingent consideration of Veth Propulsion acquisition (492)
Net change in operating assets and liabilities 9,556 (35,876)
Net cash provided (used) by operating activities 5,331 (12,158)
Cash flows from investing activities:    
Acquisitions of fixed assets (9,155) (8,911)
Proceeds from sale of fixed assets 109 145
Other, net (27) (229)
Proceeds from sale of Mill Log, net of costs to sell 5,158
Acquisition of Veth Propulsion, less cash acquired (60,195)
Net cash used by investing activities (9,073) (64,032)
Cash flows from financing activities:    
Borrowings under revolving loan arrangement 78,597 123,904
Repayments of revolver loans (76,805) (99,156)
Repayments of long term debt (1,164) (23,872)
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 44,151
Net cash (used) provided by financing activities (412) 76,232
Effect of exchange rate changes on cash 226 544
Net change in cash (3,928) 586
Cash:    
Beginning of period 12,362 15,171
End of period $ 8,434 $ 15,757