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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Dec. 29, 2019
Mar. 28, 2021
Mar. 29, 2020
Jun. 28, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 5,910 $ 4,913   $ 25,556 $ 6,498    
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation       14,730 14,349    
Foreign currency transaction loss (gain) (386) (2,515)   1,926 (2,067)    
Loss on disposal of property, plant and equipment       1,421 270    
Unrealized (gain) loss on peso forward contracts (32) 1,048   (512) 1,048    
Stock based compensation expense       775 789    
Equity earnings of joint ventures 56 921   (1,844) (55)    
Non-cash compensation expense     $ 4,500   4,473 $ 4,800 $ 4,200
Deferred income taxes         (1,032)    
Change in operating assets and liabilities:              
Receivables       (39,176) 11,014    
Inventories       (3,930) (11,086)    
Other assets       (1,119) 1,798    
Accounts payable and accrued liabilities       27,213 3,683    
Other, net       356 252    
Net cash provided by operating activities       25,396 29,934    
CASH FLOWS FROM INVESTING ACTIVITIES:              
Investment in VAST LLC       (100)      
Purchase of property, plant and equipment       (6,401) (10,307)    
Proceeds received on sale of property, plant and equipment       8 29    
Net cash used in investing activities       (6,493) (10,278)    
CASH FLOWS FROM FINANCING ACTIVITIES:              
Repayment of borrowings under credit facility       (19,000) (15,000)    
Dividends paid to non-controlling interests of subsidiaries       (490) (980)    
Dividends paid         (1,572)    
Exercise of stock options and employee stock purchases       585 543    
Net cash used in financing activities       (18,905) (17,009)    
Foreign currency impact on cash       (437) (283)    
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS       (439) 2,364    
CASH AND CASH EQUIVALENTS              
Beginning of period     $ 7,809 11,774 7,809 7,809  
End of period $ 11,335 $ 10,173   11,335 10,173 $ 11,774 $ 7,809
Cash paid during the period for:              
Income taxes       3,701 768    
Interest       276 838    
Non-cash investing activities:              
Change in capital expenditures in accounts payable       $ (873) $ (1,318)