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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Operating activities:    
Net income $ 2,604 $ 103
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 3,034 2,808
Excess tax benefit from share-based compensation (402) (50)
Provision for obsolete inventory 515 139
Provision for warranty 40 42
(Recovery of) provision for doubtful accounts (19) 84
Gain on disposal of assets 0 (6)
Share-based compensation expense 426 344
Deferred income taxes (2,227) 3,588
Changes in operating assets and liabilities, net of acquisition:    
Trade receivables 12,031 2,274
Inventories (6,830) 5,902
Other assets (756) (3,499)
Accounts payable (4,689) (584)
Accrued compensation and vacation (2,085) (2,321)
Other liabilities 1,665 (3,661)
Cash provided by operating activities 3,307 5,163
Investing activities:    
Payment for acquisition, net of cash acquired 0 (47,964)
Purchase of property and equipment (7,544) (4,701)
Proceeds from sale of fixed assets 6,183 3,924
Cash used in investing activities (1,361) (48,741)
Financing activities:    
Payment of financing costs (56) (11)
Proceeds from issuance of long term debt 0 35,000
Repayments of long term debt (2,500) (1,250)
Borrowings under revolving credit agreement 101,397 69,050
Repayment of revolving credit agreement (100,368) (57,058)
Proceeds from accounts receivable purchase agreement 0 1,147
Payments towards accounts receivable purchase agreement 0 (8,969)
Excess tax benefit from share-based compensation 402 50
Proceeds from exercise of stock options 0 17
Cash (used in) provided by financing activities (1,125) 37,976
Net increase (decrease) in cash and cash equivalents 821 (5,602)
Cash and cash equivalents, beginning of period 372 5,803
Cash and cash equivalents, end of period 1,193 201
Supplemental cash flow information:    
Interest payments 1,032 664
Income tax payments, net of refunds $ 836 $ 1,788