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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Operating activities:      
Net income (loss) $ 4,758 $ (7,982) $ (1,325)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Goodwill and intangible assets impairment 0 12,448 0
Depreciation and amortization 5,591 7,298 7,774
Amortization of deferred loan costs 30 30 30
Provision for obsolete inventory 136 91 31
Provision for warranty 121 83 74
Provision for (recovery of) doubtful accounts 551 58 (84)
Loss on disposal of assets 207 3 20
Share-based compensation expense 266 436 447
Deferred income taxes 958 1,116 1,562
Loss on settlement of arbitration 0 0 4,535
Changes in operating assets and liabilities      
Trade receivables (28,254) 3,344 (1,327)
Contract assets (1,592) (10,255) 0
Cash received from arbitration settlement 0 6,684 0
Inventories (14,725) (1,417) (18,101)
Other assets (7,728) (4,490) (10,461)
Accounts payable 6,632 (2,627) 22,920
Accrued compensation and vacation 3,669 (1,346) (1,900)
Other liabilities 292 (323) 2,051
Cash provided by (used in) operating activities (31,004) 919 3,122
Investing activities:      
Purchases of property and equipment (8,623) (8,386) (4,523)
Proceeds from sale of fixed assets 696 22 1,041
Cash receipts from deferred purchase price of factored receivables 4,350 6,455 8,335
Cash provided by (used in) investing activities (3,577) (1,909) 4,853
Financing activities:      
Payment of financing costs (84) (15) (21)
Proceeds from issuance of long term debt 5,000 0 0
Repayments of long term debt (7,121) (5,871) (5,871)
Borrowings under revolving credit agreement 177,343 181,688 187,419
Repayments of revolving credit agreement (140,605) (174,554) (189,532)
Cash provided by (used in) financing activities 34,533 1,248 (8,005)
Net increase (decrease) in cash and cash equivalents (48) 258 (30)
Cash and cash equivalents, beginning of period 601 343 373
Cash and cash equivalents, end of period 553 601 343
Supplemental cash flow information:      
Interest payments 2,483 2,773 2,529
Income tax payments, net of refunds $ 683 $ (511) $ 304