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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jun. 27, 2015
Operating activities:      
Net income $ 5,617 $ 6,533 $ 4,304
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 7,232 6,162 5,910
Amortization of Debt Issuance Costs 17 0 0
Excess tax benefit from exercise of stock options 0 (402) (50)
Provision for obsolete inventory 496 757 520
Provision for warranty 68 95 115
(Recovery of) provision for doubtful accounts (10) 38 97
Loss on disposal of assets 101 0 70
Share-based compensation expense 692 764 732
Deferred income taxes 471 1,313 1,517
Changes in operating assets and liabilities, net of acquisition:      
Trade receivables (3,505) 11,136 (2,080)
Inventories 4,920 (16,169) (14,708)
Other assets 636 1,739 (4,249)
Accounts payable (5,889) (2,561) 17,999
Accrued compensation and vacation 434 104 (283)
Other liabilities (913) (2,303) 807
Cash provided by operating activities 9,425 4,580 7,667
Investing activities:      
Payment for acquisition, net of cash acquired 0 0 (47,964)
Purchases of property and equipment (9,307) (13,277) (8,808)
Proceeds from sale of fixed assets 834 7,612 8,641
Cash used in investing activities (8,473) (5,665) (48,131)
Financing activities:      
Payment of financing costs (221) (113) (62)
Proceeds from issuance of long term debt 3,919 0 35,000
Repayments of long term debt (5,435) (5,000) (3,750)
Borrowings under revolving credit agreement 161,240 197,568 137,987
Repayments of revolving credit agreement (160,978) (191,126) (126,356)
Proceeds from accounts receivable transfer agreement 0 0 1,116
Payments towards accounts receivable transfer agreement 0 0 (8,969)
Excess tax benefit from exercise of stock options 0 402 50
Proceeds from exercise of stock options 0 0 17
Tax withholding from exercise of share-based compensation (122) 0 0
Cash (used in) provided by financing activities (1,597) 1,731 35,033
Net (decrease) increase in cash and cash equivalents (645) 646 (5,431)
Cash and cash equivalents, beginning of period 1,018 372 5,803
Cash and cash equivalents, end of period 373 1,018 372
Supplemental cash flow information:      
Interest payments 2,238 2,308 1,221
Income tax payments, net of refunds $ 1,799 $ 813 $ 3,274