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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Operating activities:    
Net income $ 1,552 $ 1,593
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation and amortization 1,609 1,913
Amortization of deferred loan costs 8 8
Provision for obsolete inventory 21 13
Provision for warranty 16 12
Loss on disposal of assets 206 2
Share-based compensation expense 74 168
Deferred income taxes (360) (263)
Changes in operating assets and liabilities:    
Trade receivables (10,140) (2,997)
Contract assets 399 (4,866)
Cash received from arbitration settlement 0 6,684
Inventories (17,327) (442)
Other assets (829) (1,703)
Accounts payable 13,643 1,385
Accrued compensation and vacation 600 (906)
Other liabilities 215 (280)
Cash (used in) provided by operating activities (10,313) 321
Investing activities:    
Purchase of property and equipment (3,046) (1,674)
Proceeds from sale of fixed assets 696 0
Cash receipts from deferred purchase price of factored receivables 1,079 1,893
Cash (used in) provided by investing activities (1,271) 219
Financing activities:    
Payment of financing costs (2) (4)
Proceeds from issuance of long term debt 5,000 0
Repayments of long term debt (1,468) (1,468)
Borrowings under revolving credit agreement 45,799 51,856
Repayments of revolving credit agreement (37,842) (49,908)
Cash provided by financing activities 11,487 476
Net (decrease) increase in cash and cash equivalents (97) 1,016
Cash and cash equivalents, beginning of period 601 343
Cash and cash equivalents, end of period 504 1,359
Noncash investing and financing items:    
Beneficial interest in transferred receivables (1,788) (1,976)
Supplemental cash flow information:    
Interest payments 593 685
Income tax payments (refunds), net of refunds $ 213 $ (226)