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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jun. 29, 2019
Operating activities:      
Net income (loss) $ 4,341,000 $ 4,758,000 $ (7,982,000)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Goodwill and intangible assets impairment 0 0 12,448,000
Depreciation and amortization 6,856,000 5,591,000 7,298,000
Amortization of Deferred Charges 276,000 0 0
Amortization of deferred loan costs 95,000 30,000 30,000
Excess tax benefit from exercise of stock options (43,000) 0 0
Provision for obsolete inventory 753,000 136,000 91,000
Provision for warranty 145,000 121,000 83,000
Provision for doubtful accounts 117,000 551,000 58,000
Loss on disposal of assets 0 207,000 3,000
Share-based compensation expense 192,000 266,000 436,000
Deferred income taxes 942,000 958,000 1,116,000
Changes in operating assets and liabilities      
Trade receivables (24,318,000) (28,254,000) 3,344,000
Contract assets (1,028,000) (1,592,000) (10,255,000)
Cash received from arbitration settlement 0 0 6,684,000
Inventories (23,062,000) (14,725,000) (1,417,000)
Other assets 2,317,000 (7,728,000) (4,490,000)
Accounts payable 12,618,000 6,632,000 (2,627,000)
Accrued compensation and vacation 1,043,000 3,669,000 (1,346,000)
Other liabilities 5,588,000 292,000 (323,000)
Cash provided by (used in) operating activities (15,052,000) (31,004,000) 919,000
Investing activities:      
Purchases of property and equipment (10,602,000) (8,623,000) (8,386,000)
Proceeds from sale of fixed assets 0 696,000 22,000
Cash receipts from deferred purchase price of factored receivables 0 4,350,000 6,455,000
Cash used in investing activities (10,602,000) (3,577,000) (1,909,000)
Financing activities:      
Payment of financing costs (617,000) (84,000) (15,000)
Proceeds from issuance of long term debt 11,000,000 5,000,000 0
Payments for Hedge, Financing Activities (925,000) 0 0
Repayments of long term debt (11,720,000) (7,121,000) (5,871,000)
Borrowings under revolving credit agreement 414,943,000 177,343,000 181,688,000
Repayments of revolving credit agreement (384,150,000) (140,605,000) (174,554,000)
Excess tax benefit from exercise of stock options 43,000 0 0
Cash provided by financing activities 28,574,000 34,533,000 1,248,000
Net increase (decrease) in cash and cash equivalents 2,920,000 (48,000) 258,000
Cash and cash equivalents, beginning of period 553,000 601,000 343,000
Cash and cash equivalents, end of period 3,473,000 553,000 601,000
Supplemental cash flow information:      
Interest payments 3,777,000 2,483,000 2,773,000
Income tax payments, net of refunds 2,014,000 683,000 (511,000)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 3,103,000 $ 0 $ 0