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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 30, 2018
Dec. 31, 2017
Operating activities:    
Net income $ 51,312 $ 57,477
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 15,812 16,761
Amortization of deferred financing costs 452 480
Deferred income taxes (654) (12,338)
Bad debt expense 582 418
Stock-based compensation 2,628 2,069
Other non-cash items (501) (103)
Changes in operating items:    
Trade receivables (36,047) (30,769)
Inventories 24,819 15,295
Prepaid and other 3,159 (4,272)
Accounts payable and accrued expenses 78,361 69,269
Other assets (410) (97)
Other liabilities 70 (24)
Net cash provided by operating activities 139,583 114,166
Investing activities:    
Working capital adjustment related to sale of business (8,500)
Capital expenditures, net of non-cash expenditures (11,786) (8,864)
Net cash used in investing activities (11,786) (17,364)
Financing activities:    
Acquisition of treasury stock (13,405) (11,085)
Proceeds from exercise of employee stock options 365 15
Proceeds from bank borrowings 30,000 30,000
Repayment of bank borrowings (34,312) (32,875)
Net cash used in financing activities (17,352) (13,945)
Net change in cash and cash equivalents 110,445 82,857
Cash and cash equivalents:    
Beginning of period 147,240 149,732
End of period $ 257,685 $ 232,589