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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Operating activities:    
Net income (loss) $ 49,224 $ 43,071
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,268 22,840
Amortization of deferred financing costs 486 671
Deferred income taxes (1,597) 811
Bad debt expense 1,201 1,018
Stock-based compensation 6,441 4,531
Other non-cash items (23) (301)
Changes in operating items:    
Trade receivables (15,044) (7,249)
Inventories 19,353 14,448
Prepaid and other 3,148 2,675
Accounts payable and accrued expenses 31,442 14,741
Other assets and liabilities (557) (251)
Net cash provided by operating activities 117,342 97,005
Investing activities:    
Acquisitions, net of cash acquired (20,500)
Capital expenditures, net of non-cash expenditures (22,282) (16,845)
Purchase of equity investments (1,176)
Net cash used in investing activities (43,958) (16,845)
Financing activities:    
Acquisition of treasury stock (10,667) (14,765)
Proceeds from exercise of employee stock options 285 929
Proceeds from bank borrowings 20,000 30,000
Repayment of notes payable and bank borrowings (23,750) (37,187)
Debt issuance cost (60)
Net cash used in financing activities (14,192) (21,023)
Net change in cash and cash equivalents 59,192 59,137
Cash and cash equivalents:    
Beginning of period 172,923 147,240
End of period $ 232,115 $ 206,377