XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Cash flows from operating activities:    
Net (loss) income $ (5,640) $ 44,119
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 70,021 46,241
Stock-based compensation expense 26,262 21,865
Benefit for deferred income taxes (5,241) (6,357)
Other non-cash items (1,092) 3,094
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Accounts receivable, unbilled receivables, and costs in excess of billings (65,203) (28,351)
Inventory (28,386) (37,499)
Prepaid income taxes (7,710) 2,480
Prepaid expenses and other current assets (10,528) 3,939
Other non-current assets 3,211 3,424
Accounts payable, accrued expenses, and accrued compensation 45,572 9,072
Deferred revenues and customer advances (14,591) 10,509
Income taxes payable 3 0
Other non-current liabilities (6,112) (2,483)
Net cash provided by operating activities 566 70,053
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (243,255) (305,263)
Purchases of property and equipment (19,476) (34,708)
Other investing activities (3,214) 0
Proceeds from sale of investment 0 1,538
Net cash used in investing activities (265,945) (338,433)
Cash flows from financing activities:    
Proceeds from employee stock plans 2,516 3,199
Borrowings under credit facilities 251,500 160,000
Purchase and retirement of common stock (7,716) (66)
Payments of deferred financing and offering costs (2,662) 0
Net cash provided by financing activities 243,638 163,133
Effect of exchange rate changes on cash and cash equivalents (404) 352
Net decrease in cash and cash equivalents (22,145) (104,895)
Cash and cash equivalents at beginning of period 113,839 226,838
Cash and cash equivalents at end of period 91,694 121,943
Cash paid during the period for:    
Interest 2,424 548
Income taxes 15,023 8,454
Non-cash investing activity $ 4,615 $ 892