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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating activities:    
Net income (loss) $ (802,000) $ 4,094,000
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 8,247,000 6,857,000
Amortization of interest rate swap 97,000 270,000
Amortization of deferred loan costs 221,000 85,000
Noncash lease expense 4,289,000 4,413,000
Inventory write-down to net realizable value 80,000 455,000
Provision for warranty 129,000 280,000
Provision for doubtful accounts 49,000 32,000
Gain on disposal of assets (32,000) (124,000)
Gain on insurance proceeds, net of losses (431,000) (4,040,000)
Share-based compensation expense 163,000 178,000
Deferred income taxes (2,578,000) (1,635,000)
Changes in operating assets and liabilities:    
Trade receivables 14,909,000 (16,083,000)
Contract assets 1,306,000 (7,925,000)
Inventories 22,716,000 971,000
Other assets (1,500,000) 2,567,000
Accounts payable (33,701,000) 10,657,000
Accrued compensation and vacation (6,281,000) (1,190,000)
Other liabilities (800,000) (16,961,000)
Cash provided by (used in) operating activities 6,081,000 (17,099,000)
Investing activities:    
Purchase of property and equipment (3,398,000) (4,867,000)
Proceeds from insurance 2,365,000 3,500,000
Cash used in investing activities (1,033,000) (1,367,000)
Financing activities:    
Payment of financing costs (706,000) 0
Proceeds from issuance of long term debt 1,161,000 0
Repayments of long term debt (2,214,000) (1,721,000)
Borrowings under revolving credit agreement 403,034,000 447,718,000
Repayments of revolving credit agreement (400,840,000) (426,126,000)
Principal payments on finance leases (3,831,000) (3,075,000)
Cash (used in) provided by financing activities (3,396,000) 16,796,000
Net increase (decrease) in cash and cash equivalents 1,652,000 (1,670,000)
Cash and cash equivalents, beginning of period 3,603,000 1,707,000
Cash and cash equivalents, end of period 5,255,000 37,000
Supplemental cash flow information:    
Interest payments 8,841,000 7,127,000
Income tax payments, net of refunds 1,899,000 817,000
Recognition of operating lease liabilities and right-of-use assets 3,621,000 5,152,000
Recognition of financing lease liabilities and right-of-use assets $ 0 $ 4,404,000