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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Cash flows from operating activities:    
Net income $ 2,903 $ 3,405
Adjustments to reconcile net income to net cash provided (used) by operating activities, net of acquired assets:    
Depreciation and amortization 2,349 1,644
Amortization of inventory fair value step-up 1,171
Restructuring expenses (2) 190
Provision for deferred income taxes 3,460 (4,842)
Stock compensation expense and other non-cash changes, net 892 500
Net change in operating assets and liabilities (9,951) (2,328)
Net cash provided (used) by operating activities 822 (1,431)
Cash flows from investing activities:    
Acquisition of Veth Propulsion, less cash acquired (59,649)
Acquisitions of fixed assets (3,556) (1,467)
Proceeds from sale of fixed assets 30 17
Other, net (129) (129)
Net cash used by investing activities (63,304) (1,579)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 32,210
Borrowings under long-term debt agreement 35,000
Borrowings under revolving loan agreement 67,103 16,155
Proceeds from exercise of stock options 12
Repayments under revolving loan agreement (45,231) (14,236)
Repayments of long-term borrowings (24,234)
Dividends paid to noncontrolling interest (115) (172)
Payments of withholding taxes on stock compensation (926) (213)
Net cash provided by financing activities 63,819 1,534
Effect of exchange rate changes on cash 49 570
Net change in cash 1,386 (906)
Cash:    
Beginning of period 15,171 16,367
End of period $ 16,557 $ 15,461