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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 02, 2021
Jul. 03, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net income $ 62,044 $ 85,712 $ 46,775
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 67,083 49,330 46,392
Stock-based compensation expense 28,290 26,538 19,422
Benefit for deferred income taxes (1,125) (3,019) (1,557)
Gain on investments 0 (5,817) 0
Termination of interest rate swap 0 0 5,420
Other non-cash items 3,745 3,509 3,779
Changes in operating assets and liabilities, net of effects of businesses acquired:      
Accounts receivable, unbilled receivables, and costs in excess of billings (51,981) (31,079) (28,096)
Inventory (27,441) (31,609) (17,101)
Prepaid income taxes 1,703 (2,792) 3,843
Prepaid expenses and other current assets 1,718 (2,116) (1,075)
Other non-current assets 5,459 (1,260) 101
Accounts payable, accrued expenses and accrued compensation (6,315) 13,610 17,949
Deferred revenues and customer advances 13,731 7,082 (1,531)
Income taxes payable 4,080 (131) 3,152
Other non-current liabilities (3,744) 7,226 44
Net cash provided by operating activities 97,247 115,184 97,517
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (372,826) (96,502) (127,083)
Purchases of property and equipment (45,599) (43,294) (26,691)
Proceeds from sale of investment 1,538 4,310 0
Net cash used in investing activities (416,887) (135,486) (153,774)
Cash flows from financing activities:      
Proceeds from employee stock plans 6,295 5,317 3,661
Payments for retirement of common stock (66) (16,249) (7,968)
Payments under credit facilities 0 (200,000) (324,500)
Borrowings under credit facilities 200,000 200,000 129,500
Proceeds from equity offering, net 0 0 454,343
Termination of interest rate swap 0 0 (5,420)
Payments of deferred financing and offering costs 0 0 (1,851)
Net cash provided by (used in) financing activities 206,229 (10,932) 247,765
Effect of exchange rate changes on cash and cash equivalents 412 140 (97)
Net (decrease) increase in cash and cash equivalents (112,999) (31,094) 191,411
Cash and cash equivalents at beginning of year 226,838 257,932 66,521
Cash and cash equivalents at end of year 113,839 226,838 257,932
Cash paid during the period for:      
Interest 1,088 1,046 10,368
Income taxes 8,983 12,939 7,351
Non-cash investing activity (1,928) 2,623 0
Non-cash financing activity $ 0 $ 0 $ 770