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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Operating activities:    
Net income $ 1,152 $ 815
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 2,385 1,335
Amortization of interest rate swap 153 75
Amortization of deferred loan costs 37 32
Provision for warranty 152 75
Provision for doubtful accounts 14 26
Gain on disposal of assets (123) 0
Gain on insurance proceeds, net of losses (934) 0
Share-based compensation expense 40 68
Deferred income taxes (344) (220)
Changes in operating assets and liabilities:    
Trade receivables (1,776) (16,155)
Contract assets (4,384) 1,130
Inventories (13,544) (5,802)
Other assets 3,601 (7,092)
Accounts payable 12,732 18,835
Accrued compensation and vacation (2,771) (2,995)
Other liabilities (2,227) (4,753)
Cash used in operating activities (5,837) (14,626)
Investing activities:    
Purchase of property and equipment (2,526) (1,791)
Cash used in investing activities (2,526) (1,791)
Financing activities:    
Payment of financing costs 0 (80)
Proceeds from issuance of long term debt 0 5,055
Repayments of long term debt (543) (532)
Borrowings on revolver, net 10,354 10,446
Principal payments on finance leases (1,022) (401)
Cash provided by financing activities 8,789 14,488
Net increase (decrease) in cash and cash equivalents 426 (1,929)
Cash and cash equivalents, beginning of period 1,707 3,473
Cash and cash equivalents, end of period 2,133 1,544
Supplemental cash flow information:    
Interest payments 1,894 999
Income tax payments, net of refunds 414 210
Recognition of operating lease liabilities and right-of-use assets 4,613 4,695
Recognition of financing lease liabilities and right-of-use assets $ 0 $ 4,456