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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Operating activities:    
Net income $ 2,119 $ 1,402
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 4,658 2,613
Amortization of interest rate swap 211 151
Amortization of deferred loan costs 51 69
Provision for warranty 266 228
Provision for doubtful accounts 22 54
Gain on disposal of assets (123) 0
Gain on insurance proceeds, net of losses (3,644) 0
Share-based compensation expense 102 143
Deferred income taxes (120) (175)
Changes in operating assets and liabilities:    
Trade receivables 1,564 (13,143)
Contract assets (6,355) (1,187)
Inventories (16,007) (20,421)
Other assets 2,478 (13,537)
Accounts payable 19,310 39,019
Accrued compensation and vacation (4,023) (4,114)
Other liabilities (10,540) (1,630)
Cash used in operating activities (10,031) (10,528)
Investing activities:    
Purchase of property and equipment (3,859) (2,766)
Proceeds from sale of fixed assets 0 2
Proceeds from insurance 3,500 0
Cash used in investing activities (359) (2,764)
Financing activities:    
Payment of financing costs 0 (118)
Proceeds from issuance of long term debt 0 7,004
Repayments of long term debt (1,089) (1,066)
Borrowings on revolver, net 12,552 6,122
Principal payments on finance leases (1,970) (1,077)
Cash provided by financing activities 9,493 10,865
Net decrease in cash and cash equivalents (897) (2,427)
Cash and cash equivalents, beginning of period 1,707 3,473
Cash and cash equivalents, end of period 810 1,046
Supplemental cash flow information:    
Interest payments 3,712 1,811
Income tax payments, net of refunds 776 530
Recognition of operating lease liabilities and right-of-use assets 5,049 5,246
Recognition of financing lease liabilities and right-of-use assets $ 0 $ 5,973