XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 02, 2023
Mar. 27, 2022
Statement Of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of period $ 53,290 $ 78,253
Operating activities:    
Net (loss) income (31,055) 11,675
Adjustments to reconcile net (loss) income to net cash used by operating activities:    
Equity in earnings of unconsolidated affiliates (539) (385)
Distribution received from unconsolidated affiliate   750
Depreciation and amortization expense 20,388 19,176
Non-cash compensation expense 2,791 3,081
Recovery of income taxes (3,799)  
Deferred income taxes (1,199) (3,019)
Other, net 252 (22)
Changes in assets and liabilities:    
Receivables, net 18,585 (13,537)
Inventories 31,080 (20,170)
Other current assets 4,271 (2,503)
Income taxes (1,241) 670
Accounts payable and other current liabilities (31,644) 1,084
Other, net 459 1,137
Net cash used by operating activities 8,349 (2,063)
Investing activities:    
Capital expenditures (32,461) (30,094)
Other, net (193) (2,150)
Net cash used by investing activities (32,654) (32,244)
Financing activities:    
Proceeds from ABL Revolver 142,400 80,300
Payments on ABL Revolver (121,000) (61,800)
Payments on ABL Term Loan (4,800) (7,500)
Proceeds from construction financing 6,533 2,340
Payments on finance lease obligations (1,413) (2,876)
Common stock repurchased and retired under publicly announced program   (2,156)
Other, net (683) (345)
Net cash provided by financing activities 21,037 7,963
Effect of exchange rate changes on cash and cash equivalents (316) 1,063
Net decrease in cash and cash equivalents (3,584) (25,281)
Cash and cash equivalents at end of period $ 49,706 $ 52,972