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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 29, 2013
Operating activities:      
Net income $ 4,304 $ 7,613 $ 12,583
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 5,910 3,829 2,965
Excess tax benefit from exercise of stock options (50) (73) (103)
Provision for obsolete inventory 520 257 525
Provision for warranty 115 35 26
Provision for doubtful accounts 97 37 62
Loss on disposal of property, plant and equipment 70 12 27
Share-based compensation expense 732 659 848
Deferred income taxes (1,517) (687) 2,493
Deferred compensation 0 0 (546)
Changes in operating assets and liabilities, net of acquisition:      
Trade receivables (2,080) (2,686) 13,638
Inventories (14,708) (10,450) 13,250
Other assets (4,249) (3,145) (2,381)
Accounts payable 17,999 6,059 (16,625)
Accrued compensation and vacation (283) 149 1,148
Other liabilities 807 (151) 1,372
Cash provided by operating activities 7,667 1,458 29,282
Investing activities:      
Payment for acquisition, net of cash acquired (47,964) (6,027) 0
Purchase of property and equipment (8,808) (7,763) (3,470)
Proceeds from sale of fixed assets 8,641 0 27
Proceeds from life insurance 0 0 144
Cash used in investing activities (48,131) (13,790) (3,299)
Financing activities:      
Payment of financing costs (62) (84) (75)
Proceeds from issuance of long term debt 35,000 0 0
Repayments of long term debt and capital lease obligations (3,750) (576) (729)
Borrowings under revolving credit agreement 137,987 8,212 66,528
Repayment of revolving credit agreement (126,356) (8,212) (81,539)
Proceeds from accounts receivable transfer agreement 1,116 7,853 0
Payments towards accounts receivable transfer agreement (8,969) 0 0
Excess tax benefit from exercise of stock options 50 73 103
Proceeds from exercise of stock options 17 50 46
Cash provided by (used in) financing activities 35,033 7,316 (15,666)
Net (decrease) increase in cash and cash equivalents (5,431) (5,016) 10,317
Cash and cash equivalents, beginning of period 5,803 10,819 502
Cash and cash equivalents, end of period 372 5,803 10,819
Supplemental cash flow information:      
Interest payments 1,221 90 317
Income tax payments, net of refunds $ 3,274 $ 2,184 $ 2,708