XML 16 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jan. 01, 2017
Dec. 27, 2015
Cash Flows from Operating Activities:    
Net income (loss) $ (799) $ 2,662
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 2,989 3,007
Amortization of intangible assets 4,410 4,962
Deferred income taxes 32 36
Stock-based compensation expense 1,277 869
Reversal of accrued contingent consideration 0 (1,530)
Amortization of deferred financing costs 249 140
Excess tax benefit from stock-based compensation 0 (161)
Changes in operating assets and liabilities (net of acquisitions):    
Accounts receivable (637) 14,363
Inventories and cost of contracts in progress 18,000 (2,266)
Prepaid expenses and other assets 599 (2,567)
Performance based payments on customer contracts 127 111
Accounts payable and accrued expenses (11,576) (6,517)
Net cash provided by operating activities 14,671 13,109
Cash Flows from Investing Activity:    
Acquisition of businesses, net of cash acquired 0 (750)
Purchases of property, plant and equipment (2,570) (3,263)
Net cash used in investing activity (2,570) (2,513)
Cash Flows from Financing Activities:    
Borrowings from credit facility 59,644 46,300
Repayments against credit facility (71,144) (67,000)
Payments under capital lease agreements (129) 0
Payment of debt financing costs (15) 0
Repurchase of stock 0 (141)
Excess tax benefit from stock-based compensation 0 161
Net cash used in financing activities (11,644) (20,680)
Net increase (decrease) in cash and cash equivalents 457 (10,084)
Cash and cash equivalents at beginning of period 132 14,914
Cash and cash equivalents at end of period 589 4,830
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,972 1,508
Cash paid for income taxes 354 766
Supplemental disclosure of non-cash investing activities:    
Machinery and equipment financed under capital leases 148 0
Adjustments to acquired companies' opening balance sheets $ 0 $ 3,840