XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Operating activities:    
Net income $ 1,792 $ 817
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,619 1,516
Excess tax benefit from share-based compensation 0 325
Provision for obsolete inventory 55 405
Provision for (recovery of) warranty 2 (22)
Recovery of doubtful accounts (8) (4)
Loss on disposal of assets 71 0
Share-based compensation expense 197 189
Deferred income taxes (477) (1,127)
Changes in operating assets and liabilities:    
Trade receivables (3,107) (905)
Inventories 6,746 (9,611)
Other assets (733) (1,904)
Accounts payable (5,899) 13,429
Accrued compensation and vacation (2,202) (2,011)
Other liabilities 527 847
Cash (used in) provided by operating activities (1,417) 1,294
Investing activities:    
Purchase of property and equipment (2,956) (3,512)
Proceeds from sale of fixed assets 93 2,439
Cash used in investing activities (2,863) (1,073)
Financing activities:    
Payment of financing costs (28) (28)
Repayments of long term debt (1,250) (1,250)
Borrowings under revolving credit agreement 40,832 50,721
Repayments of revolving credit agreement (35,909) (50,221)
Excess tax benefit from share-based compensation 0 325
Shares withheld for taxes (108) 0
Cash provided by (used in) financing activities 3,537 (453)
Net decrease in cash and cash equivalents (743) (232)
Cash and cash equivalents, beginning of period 1,018 372
Cash and cash equivalents, end of period 275 140
Supplemental cash flow information:    
Interest payments 569 491
Income tax payments, net of refunds $ 330 $ 552