XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Operating activities:    
Net income $ 6,233 $ 10,186
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,792 1,955
Excess tax benefit from exercise of stock options (113) (103)
Provision for obsolete inventory 227 422
Provision for warranty 19 16
Provision for doubtful accounts 37 62
Gain (Loss) on Disposition of Assets 10 27
Share-based compensation expense 483 647
Deferred income taxes (1,532) 1,495
Changes in operating assets and liabilities:    
Trade receivables (5,665) 12,212
Inventories (872) 10,274
Other assets (1,411) (2,199)
Accounts payable 2,140 (15,741)
Accrued compensation and vacation (1,116) 460
Other liabilities 1,120 1,127
Cash provided by operating activities 2,352 20,840
Investing activities:    
Payment for acquisition (6,027) 0
Proceeds from Life Insurance Policies 0 144
Purchase of property and equipment (4,467) (2,768)
Cash used in investing activities (10,494) (2,624)
Financing activities:    
Payments of Financing Costs (23) (75)
Principal payments on capital lease obligations (576) (542)
Borrowings under revolving credit agreement 0 66,528
Repayment of revolving credit agreement 0 (81,539)
Excess tax benefit from exercise of stock options 113 103
Proceeds from exercise of stock options 50 9
Cash used in financing activities (436) (15,516)
Net (decrease) increase in cash and cash equivalents (8,578) 2,700
Cash and cash equivalents, beginning of period 10,819 502
Cash and cash equivalents, end of period 2,241 3,202
Supplemental cash flow information:    
Interest payments 56 289
Income tax payments, net of refunds $ 1,850 $ 1,781