XML 50 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Oct. 27, 2012
Oct. 29, 2011
OPERATING ACTIVITIES:    
Net income $ 11,861 $ 12,966
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,311 15,958
Bad debt expense, net 9 36
Gain on sale of fixed assets (1,581) (2,918)
Deferred income tax provision (1,217) 3,520
Stock-based compensation 2,266 1,326
Amortization of debt issuance costs 329 323
Excess tax benefit from share-based awards (64) (175)
Change in operating assets and liabilities:    
Accounts receivable, net (12,015) (2,047)
Costs and estimated earnings in excess of billings, net 8,838 (10,864)
Other current assets and inventory (3,509) (8,305)
Other assets (62) 288
Income taxes receivable/payable 8,773 5,398
Accounts payable 3,879 3,563
Accrued liabilities, insurance claims, and other liabilities (5,102) 364
Net cash provided by operating activities 27,716 19,433
INVESTING ACTIVITIES:    
Capital expenditures (12,523) (20,857)
Proceeds from sale of assets 2,006 6,417
Changes in restricted cash 0 550
Net cash used in investing activities (10,517) (13,890)
FINANCING ACTIVITIES:    
Repurchases of common stock (15,203) 0
Exercise of stock options and other 166 940
Restricted stock tax withholdings (62) (37)
Excess tax benefit from share-based awards 64 175
Principal payments on capital lease obligations (19) (75)
Net cash (used in) provided by financing activities (15,054) 1,003
Net increase in cash and equivalents 2,145 6,546
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 52,581 44,766
CASH AND EQUIVALENTS AT END OF PERIOD 54,726 51,312
Cash paid during the period for:    
Interest 489 511
Income taxes 85 632
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 2,364 $ 2,893