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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Operating activities:    
Net income $ 2,376 $ 3,182
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 3,143 3,767
Amortization of deferred loan costs 15 15
Provision for obsolete inventory 41 58
Provision for warranty 89 16
Loss on disposal of assets 206 0
Share-based compensation expense 141 274
Deferred income taxes (318) (131)
Changes in operating assets and liabilities:    
Trade receivables (13,514) (10,787)
Contract assets 5,090 (7,212)
Cash received from arbitration settlement 0 6,684
Inventories (9,754) 7,432
Other assets (3,689) (4,963)
Accounts payable 6,877 (3,104)
Accrued compensation and vacation 195 (350)
Other liabilities 664 23
Cash used in operating activities (8,438) (5,096)
Investing activities:    
Purchase of property and equipment (5,360) (3,586)
Proceeds from sale of fixed assets 696 17
Cash receipts from deferred purchase price of factored receivables 2,695 3,302
Cash used in investing activities (1,969) (267)
Financing activities:    
Payment of financing costs (5) (8)
Proceeds from issuance of long term debt 5,000 0
Repayments of long term debt (3,352) (2,936)
Borrowings under revolving credit agreement 91,216 94,468
Repayments of revolving credit agreement (82,554) (86,312)
Cash provided by financing activities 10,305 5,212
Net decrease in cash and cash equivalents (102) (151)
Cash and cash equivalents, beginning of period 601 343
Cash and cash equivalents, end of period 499 192
Noncash investing and financing items:    
Beneficial interest in transferred receivables (1,718) (2,117)
Supplemental cash flow information:    
Interest payments 1,235 1,332
Income tax payments (refunds), net of refunds $ 426 $ (50)