XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 02, 2023
Apr. 03, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 46,261 $ 46,723
Loss from discontinued operations, net of tax 21,139 7,674
Net income from continuing operations 67,400 54,397
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,833 7,329
Share-based compensation 2,892 2,927
Unrecognized tax benefits 111 1,340
Deferred income taxes 7,194 (3)
Amortization of debt issuance costs 172 178
Goodwill impairment 0 1,100
Changes in certain operating assets and liabilities 21,610 (15,946)
Other, net 153 541
Net cash provided by operating activities of continuing operations 107,365 51,863
Net cash used in operating activities of discontinued operations (2,403) (16,561)
Net cash provided by operating activities 104,962 35,302
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (18,871) (8,021)
Purchases of investments (83,509) 0
Maturities of investments 10,000 0
Net cash used in investing activities of continuing operations (92,380) (8,021)
Net cash used in investing activities of discontinued operations (501) (2,818)
Net cash used in investing activities (92,881) (10,839)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on revolving credit facility 0 (38,000)
Borrowings on revolving credit facility 0 12,000
Principal payments on long-term debt (2,250) (2,250)
Repurchase and retirement of common stock (15,972) (21,454)
Other, net (609) (245)
Net cash used in financing activities of continuing operations (18,831) (49,949)
NET CHANGE IN CASH AND CASH EQUIVALENTS (6,750) (25,486)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD 34,203 39,252
CASH AND CASH EQUIVALENTS — END OF PERIOD 27,453 13,766
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash payments for interest 1,773 874
Cash payments for income taxes 6,209 13,139
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures in accounts payable and accrued expenses $ 2,855 $ 421