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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 01, 2018
Jul. 02, 2017
Jul. 03, 2016
Operating activities:      
Net income $ 40,791 $ 44,041 $ 35,868
Reconciliation of net income to net cash provided by operating activities, net of acquisitions/dispositions:      
Gain on sale of Fannie May (14,607)
Depreciation and amortization 32,469 33,376 32,384
Amortization of deferred financing costs 953 1,532 1,791
Deferred income taxes (7,668) (1,649) (3,000)
Foreign equity investment impairment 2,278
Loss on sale/impairment of iFlorist 1,990
Bad debt expense 1,068 1,158 1,278
Stock-based compensation 3,726 6,102 6,343
Excess tax benefit from stock-based compensation (2,400)
Other non-cash items 565 133 517
Changes in operating items:      
Trade receivables 70 (6,220) (4,210)
Insurance receivable 2,979
Inventories (12,963) (9,277) (10,216)
Prepaid and other (6,286) (2,609) (1,560)
Accounts payable and accrued expenses 5,249 9,132 (6,429)
Other assets (88) (36) (29)
Other liabilities 455 (66) 89
Net cash provided by operating activities 58,341 61,010 57,673
Investing activities:      
Proceeds from sale of business 111,955
Working capital adjustment related to sale of Fannie May (8,500)
Capital expenditures, net of non-cash expenditures (33,306) (33,653) (33,938)
Net cash provided by (used in) investing activities (41,806) 78,302 (33,938)
Financing activities:      
Acquisition of treasury stock (12,176) (10,735) (15,223)
Excess tax benefit from stock based compensation 2,400
Proceeds from exercise of employee stock options 337 286 3,517
Proceeds from bank borrowings 30,000 181,000 178,000
Repayment of notes payable and bank borrowings (37,188) (186,451) (192,543)
Debt issuance costs (1,506)
Net cash used in financing activities (19,027) (17,406) (23,849)
Net change in cash and cash equivalents (2,492) 121,906 (114)
Cash and cash equivalents:      
Beginning of year 149,732 27,826 27,940
End of year $ 147,240 $ 149,732 $ 27,826