XML 40 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (126,863) $ (20,099)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 66,639 74,827
Stock-based compensation expense 18,423 27,446
Stock-based matching contributions on defined contribution plan 12,180 9,715
Benefit for deferred income taxes (17,260) (34,644)
Bad debt expense 11,690 92
Other non-cash items 445 629
Cash settlement for termination of interest rate swap 7,403 5,995
Changes in operating assets and liabilities:    
Accounts receivable, unbilled receivables, and costs in excess of billings 78,326 (53,705)
Inventory (7,010) (70,029)
Prepaid income taxes (27,964) 3,866
Prepaid expenses and other current assets 174 (1,154)
Other non-current assets (234) 2,752
Accounts payable, accrued expenses, and accrued compensation (25,885) (11,765)
Deferred revenues and customer advances 14,211 39,051
Income taxes payable (13,872) (4,229)
Other non-current liabilities (1,782) (2,612)
Net cash used in operating activities (11,379) (33,864)
Cash flows from investing activities:    
Purchases of property and equipment (23,943) (29,950)
Other investing activities 0 150
Net cash used in investing activities (23,943) (29,800)
Cash flows from financing activities:    
Proceeds from employee stock plans 3,163 2,393
Borrowings under credit facilities 105,000 100,000
Payments under credit facilities 0 (40,000)
Purchase and retirement of common stock (15) (63)
Payments of deferred financing and offering costs (1,931) 0
Net cash provided by financing activities 106,217 62,330
Effect of exchange rate changes on cash and cash equivalents 187 121
Net increase (decrease) in cash and cash equivalents 71,082 (1,213)
Cash and cash equivalents at beginning of period 71,563 65,654
Cash and cash equivalents at end of period 142,645 64,441
Cash paid during the period for:    
Interest 26,660 18,751
Income taxes, net of refunds 14,451 21,928
Supplemental disclosures—non-cash activities:    
Non-cash investing activity: Purchases of property and equipment incurred but not yet paid $ 7,509 $ 5,105