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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 27, 2015
Dec. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 547 $ 2,892
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,667 1,536
Inventory obsolescence reserve 151 685
Non-cash interest expenses:    
Paid in kind interest   1,034
Amortization of deferred financing costs 15 61
Stock-based compensation 12,229  
Loss on extinguishment of debt 716 137
Change in common stock warrant fair value 3,401 5,765
Unrecognized tax benefits 1,000 (157)
Deferred income tax benefit (2,093) 4,811
Net provision for doubtful accounts (17) (240)
Changes in operating assets and liabilities:    
Accounts receivable 917 3,334
Inventories 104 (387)
Prepaid expenses and other current assets (351) (2,721)
Accounts payable (5,300) (3,432)
Income taxes (698) (101)
Accrued expenses and other current liabilities (733) 3,220
Net cash provided by operating activities 11,555 16,437
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,511) (1,657)
Net cash used in investing activities (1,511) (1,657)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 91,071  
Proceeds from issuance of long-term debt   50,000
Payment of costs directly associated with the issuance of common stock (7,202)  
Principal payments on long-term debt (71,250) (67,014)
Debt discount   (717)
Payments on revolving line of credit (8,189)  
Net cash provided by (used in) financing activities 4,430 (17,731)
NET CHANGE IN CASH AND CASH EQUIVALENTS 14,474 (2,951)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD 1,167 12,539
CASH AND CASH EQUIVALENTS — END OF PERIOD 15,641 9,588
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash payments for interest 321 1,078
Cash payments for income taxes 3,634 $ 506
Common stock warrant    
SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of shares in exchange of common stock warrants $ 12,290