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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Mar. 29, 2020
Cash flows from operating activities:      
Net income $ 4,000 $ 5,369  
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 310 310  
Non-cash rental expense 66 0  
Amortization of debt issuance costs 173 173  
Share-based compensation expense 29 28  
Income tax benefit on stock option exercises 0 228  
Provision for doubtful accounts 14 27 $ 71
Deferred income taxes (8) (8)  
Changes in operating assets and liabilities:      
Accounts and other receivables, net 2,870 (4,828)  
Inventories (367) (213)  
Prepaid expenses and other current assets 77 234  
Other assets 5 (10)  
Accounts payable, accrued expenses and other current liabilities (4,127) (2,351)  
Deferred franchise fees (61) (79)  
Other liabilities 21 84  
Net cash provided by (used in) operating activities 3,002 (1,036)  
Cash flows from investing activities:      
Purchase of property and equipment (237) (106)  
Net cash used in investing activities (237) (106)  
Cash flows from financing activities:      
Dividends paid to stockholders (1,440) (1,479)  
Repurchase of treasury stock (1,501) 0  
Proceeds from the exercise of stock options 0 1,078  
Net cash used in financing activities (2,941) (401)  
Net decrease in cash and cash equivalents (176) (1,543)  
Cash and cash equivalents, beginning of period 77,117 75,446 75,446
Cash and cash equivalents, end of period 76,941 73,903 $ 77,117
Cash paid during the period for:      
Interest 4,969 4,969  
Income taxes $ 349 $ 60  
Noncash financing activity:      
Dividends declared per share (in dollars per share) $ 0.35 $ 0.35