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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Operating activities:    
Net income $ 335 $ 1,152
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 2,787 2,385
Amortization of interest rate swap 58 153
Amortization of deferred loan costs 55 37
Noncash Lease Expense 1,528 1,847
Inventory write-down to net realizable value 265 175
Provision for warranty 118 152
Provision for doubtful accounts 0 14
Loss (Gain) on disposal of assets 0 (123)
Gain on insurance proceeds, net of losses (431) (934)
Share-based compensation expense 59 40
Deferred income taxes (901) (344)
Changes in operating assets and liabilities:    
Trade receivables 9,157 (1,776)
Contract assets (2,978) (4,384)
Inventories 10,867 (13,719)
Other assets 1,417 1,754
Accounts payable (14,261) 12,732
Accrued compensation and vacation (1,491) (2,771)
Other liabilities (961) (2,227)
Cash provided by (used in) operating activities 5,623 (5,837)
Investing activities:    
Purchase of property and equipment (527) (2,526)
Proceeds from insurance 2,249 0
Cash provided by (used in) investing activities 1,722 (2,526)
Financing activities:    
Payment of financing costs (491) 0
Repayments of long term debt (707) (543)
Borrowings under revolving credit agreement 138,320 151,799
Repayments of revolving credit agreement (143,170) (141,445)
Principal payments on finance leases (1,326) (1,022)
Cash (used in) provided by financing activities (7,374) 8,789
Net (decrease) increase in cash and cash equivalents (29) 426
Cash and cash equivalents, beginning of period 3,603 1,707
Cash and cash equivalents, end of period 3,574 2,133
Supplemental cash flow information:    
Interest payments 3,042 1,894
Income tax payments, net of refunds 1,168 414
Recognition of operating lease liabilities and right-of-use assets $ 0 $ 4,613