XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 1,593 $ 432
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,913 1,964
Amortization of deferred loan costs 8 8
Provision for obsolete inventory 13 8
Provision for warranty 12 11
Recovery of doubtful accounts 0 (84)
Loss on disposal of assets 2 12
Share-based compensation expense 168 104
Deferred income taxes (263) (569)
Changes in operating assets and liabilities:    
Trade receivables (2,997) 7,542
Contract assets (4,866) 0
Cash received from arbitration settlement 6,684 0
Inventories (442) (4,076)
Other assets (1,703) (4,575)
Accounts payable 1,385 3,584
Accrued compensation and vacation (906) (2,440)
Other liabilities (280) (580)
Cash provided by operating activities 321 1,341
Investing activities:    
Purchase of property and equipment (1,674) (1,287)
Proceeds from sale of fixed assets 0 981
Cash receipts from deferred purchase price of factored receivables 1,893 1,378
Cash provided by investing activities 219 1,072
Financing activities:    
Payment of financing costs (4) (6)
Repayments of long term debt (1,468) (1,468)
Borrowings under revolving credit agreement 51,856 43,387
Repayments of revolving credit agreement (49,908) (43,722)
Cash provided by (used in) financing activities 476 (1,809)
Net increase in cash and cash equivalents 1,016 604
Cash and cash equivalents, beginning of period 343  
Cash and cash equivalents, end of period 1,359  
Noncash investing and financing items:    
Beneficial interest in transferred receivables (1,976) (2,128)
Supplemental cash flow information:    
Interest payments 685 545
Income tax payments (refunds), net of refunds $ (226) $ 483