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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jun. 27, 2020
Operating activities:      
Net income $ 3,377,000 $ 4,341,000 $ 4,758,000
Adjustments to reconcile net income to cash used in operating activities:      
Depreciation and amortization 7,562,000 6,856,000 5,591,000
Amortization of interest rate swap 301,000 276,000 0
Amortization of deferred loan costs 143,000 95,000 30,000
Excess tax benefit from exercise of stock options 0 (43,000) 0
Inventory write-down to net realizable value 950,000 753,000 136,000
Provision for warranty 446,000 145,000 121,000
Provision for doubtful accounts 67,000 117,000 551,000
(Gain) loss on disposal of assets (12,000) 0 207,000
Share-based compensation expense 293,000 192,000 266,000
Deferred income taxes (481,000) 942,000 958,000
Changes in operating assets and liabilities      
Trade receivables (25,619,000) (24,318,000) (28,254,000)
Contract assets 2,807,000 (1,028,000) (1,592,000)
Inventories (19,362,000) (23,062,000) (14,725,000)
Other assets (1,651,000) 2,317,000 (7,728,000)
Accounts payable 28,569,000 12,618,000 6,632,000
Accrued compensation and vacation 365,000 1,043,000 3,669,000
Other liabilities (3,624,000) 5,588,000 292,000
Cash used in operating activities (4,907,000) (15,052,000) (31,004,000)
Investing activities:      
Purchases of property and equipment (6,813,000) (10,602,000) (8,623,000)
Proceeds from sale of fixed assets 14,000 0 696,000
Repayments of Long-Term Capital Lease Obligations (1,252,000) 0 0
Cash receipts from deferred purchase price of factored receivables 0 0 4,350,000
Cash used in investing activities (8,051,000) (10,602,000) (3,577,000)
Financing activities:      
Payment of financing costs (118,000) (617,000) (84,000)
Proceeds from issuance of long term debt 11,594,000 11,000,000 5,000,000
Payments for Hedge, Financing Activities 0 (925,000) 0
Repayments of long term debt (2,143,000) (11,720,000) (7,121,000)
Borrowings under revolving credit agreement 581,893,000 414,943,000 177,343,000
Repayments of Lines of Credit (577,703,000) (384,150,000) (140,605,000)
Finance Lease, Principal Payments (2,331,000) 0 0
Excess tax benefit from exercise of stock options 0 43,000 0
Cash provided by financing activities 11,192,000 28,574,000 34,533,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (1,766,000) 2,920,000 (48,000)
Cash and cash equivalents, beginning of period 3,473,000 553,000 601,000
Cash and cash equivalents, end of period 1,707,000 3,473,000 553,000
Supplemental cash flow information:      
Interest payments 5,110,000 3,777,000 2,483,000
Income tax payments, net of refunds 1,315,000 2,014,000 683,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 5,247,000 3,103,000 0
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability $ 13,096,000 $ 0 $ 0