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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Operating activities    
Net income $ 23,095 $ 18,219
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,983 31,352
Loss (gain) on impairment and disposal of fixed assets, net 1,472 (1)
Income from equity method investment (60) (71)
Amortization of deferred financing costs 938 846
Non-cash interest expense on finance lease obligation 3,333 935
Reduction of operating lease right of use assets 8,513 7,822
Non-cash portion of gain on lease modification 0 (499)
Deferred income taxes (10,474) (9,697)
Share-based compensation 4,503 1,911
Distributions from equity method investments 62 72
Change in fair value of earnout liability (48,921) (40,682)
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable and notes receivable, net 1,099 (995)
Inventories (483) (1,178)
Prepaids, other current assets and other assets (9,329) (1,913)
Accounts payable and accrued expenses 13,418 16,613
Operating lease liabilities 6,017 (7,093)
Other current liabilities (182) (163)
Other long-term liabilities (571) 605
Net cash provided by operating activities 29,413 16,083
Investing activities    
Purchases of property and equipment (41,579) (50,674)
Purchases of intangible assets 0 (112)
Proceeds from sale of property and equipment 1,655 0
Proceeds from sale of intangibles 0 65
Acquisitions, net of cash acquired 0 (125,855)
Net cash used in investing activities (39,924) (176,576)
Financing activities    
Repurchase of Class A common stock into Treasury stock (7,646) (130,140)
Payments for tax withholdings on share-based compensation (164) (84)
Payment of cash dividends (8,552) 0
Payment of long-term debt (249) (3,109)
Payment on finance leases (1,381) (1,576)
Proceeds on finance leases 334 0
Proceeds from Revolver draws 0 140,000
Payment of deferred financing costs (148) 0
Net cash (used in) provided by financing activities (17,806) 5,091
Effect of exchange rates on cash (207) (143)
Net decrease in cash and cash equivalents (28,524) (155,545)
Cash and cash equivalents at beginning of period 66,972 195,633
Cash and cash equivalents at end of period $ 38,448 $ 40,088