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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jun. 29, 2014
Operating activities:      
Net income $ 35,868 $ 19,384 $ 14,675
Reconciliation of net income to net cash provided by operating activities, net of acquisitions/dispositions:      
Operating activities of discontinued operations 1,587
Gain on sale of discontinued operations (1,300)
Depreciation and amortization 32,384 29,124 19,848
Amortization of deferred financing costs 1,791 1,501 306
Deferred income taxes (3,000) 2,471 1,454
Foreign equity investment impairment 2,278
Loss on sale/impairment of iFlorist 1,990
Non-cash impact of write-offs related to warehouse fire 29,522
Bad debt expense 1,278 1,295 1,656
Stock-Based Compensation 6,343 5,962 4,664
Excess tax benefit from stock-based compensation (2,400) (2,550) (1,837)
Other non-cash items 517 1,439 755
Changes in operating items:      
Trade receivables (4,210) 8,331 (1,893)
Insurance receivable 2,979 (2,979)
Inventories (10,216) 26,390 (2,564)
Prepaid and other (1,560) 8,047 436
Accounts payable and accrued expenses (6,429) (2,235) 2,660
Other assets (29) (1,058) (262)
Other liabilities 89 1,089 2,355
Net cash provided by operating activities 57,673 125,733 42,539
Investing activities:      
Acquisitions, net of cash acquired (131,994) (9,000)
Capital expenditures, net of non-cash expenditures (33,938) (32,572) (22,985)
Other 963 (3)
Investing activities of discontinued operations 500
Net cash used in investing activities (33,938) (163,603) (31,488)
Financing activities:      
Acquisition of treasury stock (15,223) (8,360) (8,317)
Excess tax benefit from stock based compensation 2,400 2,550 1,837
Proceeds from exercise of employee stock options 3,517 5,542 527
Proceeds from bank borrowings 178,000 239,500 127,000
Repayment of notes payable and bank borrowings (192,543) (172,983) (127,052)
Debt issuance costs (5,642)
Other 3
Net cash (used in) provided by financing activities (23,849) 60,607 (6,002)
Net change in cash and cash equivalents (114) 22,737 5,049
Cash and cash equivalents:      
Beginning of year 27,940 5,203 154
End of year $ 27,826 $ 27,940 $ 5,203