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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating activities:    
Net income $ 5,157 $ 3,377
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 9,542 7,562
Amortization of interest rate swap 328 301
Amortization of deferred loan costs 154 143
Noncash lease expense 5,712 4,261
Inventory write-down to net realizable value 427 950
Provision for warranty 313 446
Provision for doubtful accounts 37 67
Gain on disposal of assets (21) (12)
Gain on insurance proceeds, net of losses (4,301) 0
Share-based compensation expense 254 293
Deferred income taxes (1,989) 481
Changes in operating assets and liabilities    
Trade receivables (14,760) (25,619)
Contract assets (7,951) 2,807
Inventories 17,403 (19,362)
Other assets (1,684) (5,912)
Accounts payable (5,494) 28,569
Accrued compensation and vacation 1,515 365
Other liabilities (15,953) (3,624)
Cash used in operating activities (11,311) (4,907)
Investing activities:    
Purchases of property and equipment (9,771) (6,813)
Proceeds from sale of fixed assets 1,925 14
Prepayments on finance lease obligations (188) (1,252)
Proceeds from insurance 3,500 0
Cash used in investing activities (4,534) (8,051)
Financing activities:    
Payment of financing costs (245) (118)
Proceeds from issuance of long term debt 4,375 11,594
Repayments of long-term debt (2,417) (2,143)
Borrowings under revolving credit agreement 596,121 581,893
Repayments of revolving credit agreement (575,802) (577,703)
Principal payments on finance leases (4,291) (2,331)
Cash provided by financing activities 17,741 11,192
Net increase (decrease) in cash and cash equivalents 1,896 (1,766)
Cash and cash equivalents, beginning of period 1,707 3,473
Cash and cash equivalents, end of period 3,603 1,707
Supplemental cash flow information:    
Interest payments 802 5,110
Income tax payments, net of refunds 1,414 1,315
Recognition of operating lease liabilities and right-of-use assets 5,184 5,247
Recognition of financing lease liabilities and right-of-use assets $ 1,940 $ 13,096