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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 1,124 $ 335
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 3,011 2,787
Amortization of interest rate swap 0 58
Amortization of deferred loan costs 138 55
Noncash lease expense 1,094 1,528
Inventory write-down to net realizable value 296 265
Provision for warranty 16 118
Provision for doubtful accounts 212 0
Loss on disposal of assets 8 0
Gain on insurance proceeds, net of losses 0 (431)
Share-based compensation expense 67 59
Deferred income taxes (1,207) (901)
Changes in operating assets and liabilities:    
Trade receivables (1,636) 9,157
Contract assets (2,377) (2,978)
Inventories 8,958 10,867
Other assets (6,661) 1,417
Accounts payable 4,374 (14,261)
Accrued compensation and vacation 360 (1,491)
Other liabilities 2,170 (961)
Cash provided by operating activities 9,947 5,623
Investing activities:    
Purchase of property and equipment (377) (527)
Proceeds from insurance 0 2,249
Cash (used in) provided by investing activities (377) 1,722
Financing activities:    
Payment of financing costs (126) (491)
Repayments of long term debt (778) (707)
Borrowings under revolving credit agreement 119,987 138,320
Repayments of revolving credit agreement (126,003) (143,170)
Principal payments on finance leases (847) (1,326)
Cash used in financing activities (7,767) (7,374)
Net increase (decrease) in cash and cash equivalents 1,803 (29)
Cash and cash equivalents, beginning of period 4,752 3,603
Cash and cash equivalents, end of period 6,555 3,574
Supplemental cash flow information:    
Interest payments 3,303 3,042
Income tax payments, net of refunds $ 228 $ 1,168