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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating activities:    
Net income $ 4,094 $ 2,409
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 6,857 3,933
Amortization of interest rate swap 270 226
Amortization of deferred loan costs 85 106
Provision for obsolete inventory 0 520
Provision for warranty 280 285
Provision for doubtful accounts 32 54
Loss on disposal of assets (124) 0
Gain on insurance proceeds, net of losses (4,040) 0
Share-based compensation expense 178 218
Deferred income taxes (1,635) (1,040)
Changes in operating assets and liabilities:    
Trade receivables (16,083) (27,565)
Contract assets (7,925) 1,338
Inventories 1,426 (18,257)
Other assets 6,980 (1,550)
Accounts payable 10,657 32,350
Accrued compensation and vacation (1,190) (2,812)
Other liabilities (16,961) (1,851)
Cash used in operating activities (17,099) (11,636)
Investing activities:    
Purchase of property and equipment (4,867) (4,076)
Proceeds from sale of fixed assets 0 2
Proceeds from insurance 3,500 0
Cash used in investing activities (1,367) (4,074)
Financing activities:    
Payment of financing costs 0 (118)
Proceeds from issuance of long term debt 0 9,393
Repayments of long term debt (1,721) (1,603)
Borrowings under revolving credit agreement 447,718 441,681
Repayments under revolving credit agreement (426,126) (432,833)
Principal payments on finance leases (3,075) (2,561)
Cash provided by financing activities 16,796 13,959
Net decrease in cash and cash equivalents (1,670) (1,751)
Cash and cash equivalents, beginning of period 1,707 3,473
Cash and cash equivalents, end of period 37 1,722
Supplemental cash flow information:    
Interest payments 7,127 3,647
Income tax payments, net of refunds 817 998
Recognition of operating lease liabilities and right-of-use assets 5,152 5,246
Recognition of financing lease liabilities and right-of-use assets $ 4,404 $ 8,757