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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 02, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:      
Net earnings (loss) $ (59,003) $ 2,982 $ (166,328)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 13,388 15,412 27,019
Loss on impairment and abandonment of assets 2,126 5,638 105,158
Intangible impairment charge   1,639  
Amortization of financing costs and interest expense 4,719 7,177 1,606
Loss (Gain) on disposal of assets 82 (1,389) 46
Gain on sale-leaseback   (49,639)  
Stock-based compensation 5,881 2,054 2,720
Gain on repurchase of term loan (939)    
Loss on refinancing of revolving credit facility 588    
Rights Offering and Backstop agreement   19,990  
Gain on lease terminations   (93,278)  
Deferred income taxes (118) 24 311
Construction allowances from landlords 548 451 1,312
Change in operating assets and liabilities:      
Inventories (3,387) (30,114) 122,825
Prepaid and other current assets 982 323 (2,547)
Operating lease assets and liabilities (6,815) (7,941) 2,941
Accounts payable (4,841) (43,051) 2,726
Accrued liabilities (13,228) 10,082 (3,105)
Other liabilities—non-current (1,596) 1,585 (814)
Net cash provided by (used in) operating activities (61,613) (158,055) 93,870
Cash flows from investing activities:      
Capital expenditures (6,537) (3,783) (15,825)
Purchase of intellectual property     (27)
Proceeds from sale-leaseback   68,566  
Proceeds from sales of assets   1,897 1,950
Net cash provided by (used in) investing activities (6,537) 66,680 (13,902)
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facility 921,533 811,031 308,506
Repayments of borrowings under revolving credit facility (866,342) (799,131) (343,056)
Change in cash overdraft     (4,996)
Repurchase of term loan (5,000)    
Proceeds from term loan   25,000  
Proceeds from Rights Offering   40,000  
Proceeds from the exercise of employee stock options 459 45  
Tax payments related to vested deferred stock awards (151)    
Payments on finance leases (124) (217) (224)
Payments of financing fees (3,264) (3,174) (4,917)
Net cash provided by (used in) financing activities 47,111 73,554 (44,687)
Net increase (decrease) in cash, cash equivalents and restricted cash (21,039) (17,821) 35,281
Cash, cash equivalents and restricted cash, beginning of period 28,855 46,676 11,395
Cash, cash equivalents and restricted cash, end of period 7,816 28,855 46,676
Supplemental cash flow information:      
Interest paid 5,857 2,623 2,141
Income taxes paid (refunded) $ (352) $ 478 $ (104)