XML 66 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Operating activities    
Net loss $ (10,029,000) $ (3,365,000)
Non-cash adjustments to reconcile net loss to net cash used in operating activities:    
Deferred income taxes 190,000 323,000
Depreciation 734,000 714,000
Gain on disposal of property and equipment (49,000) (68,000)
Stock-based compensation 670,000 1,005,000
Amortization of other intangible assets 322,000 350,000
Impairment of intangible assets and goodwill 1,708,000 0
Net changes in operating assets and liabilities:    
Accounts receivable, net 3,132,000 (3,246,000)
Inventories 92,000 188,000
Other current assets 67,000 (132,000)
Accounts payable (302,000) (827,000)
Other accrued liabilities and deferred revenues (700,000) 752,000
Accrued restructuring charges 57,000 171,000
Other long-term liabilities (81,000) 68,000
Net cash used in operating activities (4,189,000) (4,067,000)
Investing activities    
Purchase of property and equipment (101,000) (996,000)
Proceeds from sale of property and equipment 96,000 81,000
Net cash provided by (used in) investing activities (5,000) (915,000)
Financing activities    
Principal payments on line of credit, net (5,500,000) 1,900,000
Borrowings from long-term obligations 0 89,000
Principal payments on capital leases (28,000) (35,000)
Principal payments on long-term obligations (13,000) (33,000)
Proceeds from employee stock incentive program and employee stock purchase plan 296,000 120,000
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 7,608,000 0
Payment for taxes for restricted stock awards surrendered to satisfy tax obligation (75,000) (65,000)
Net cash provided by (used in) financing activities 2,197,000 1,976,000
Effect of exchange rates on cash and cash equivalents (9,000) 370,000
Net increase (decrease) in cash and cash equivalents (2,006,000) (2,636,000)
Cash and cash equivalents, beginning of period 8,722,000 8,627,000
Cash and cash equivalents, end of period 6,716,000 5,991,000
Cash paid during the period for:    
Interest 84,000 168,000
Taxes 20,000 31,000
Supplemental disclosure of non-cash investing and financing activities:    
Transferred from inventory to property and equipment 120,000 212,000
Temporary Equity, Accretion to Redemption Value, Adjustment (49,000) 0
Temporary Equity, Dividends, Adjustment $ 171,000 $ 0