XML 55 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 28, 2012
Jun. 30, 2011
Jun. 24, 2010
Cash flows from operating activities:      
Net income $ 17,122 $ 2,835 $ 14,425
Depreciation and amortization 17,117 16,968 15,825
Loss/(gain) on disposition of properties 16 817 (85)
Deferred income tax (benefit)/expense (809) (3,021) 557
Stock-based compensation expense 820 730 491
Goodwill impairment   5,662  
Change in assets and liabilities, net of business acquired:      
Accounts receivable, net (10,836) 767 (2,169)
Inventories (17,446) (14,575) 2,574
Prepaid expenses and other current assets (19) 1,420 1,573
Accounts payable 4,784 (1,365) 3,988
Accrued expenses 5,442 (1,420) 1,774
Income taxes receivable/payable (1,003) 921 (153)
Other long-term liabilities (114) (4,436) 2,778
Other, net 831 1,933 479
Net cash provided by operating activities 15,905 7,236 42,057
Cash flows from investing activities:      
Purchases of property, plant and equipment (7,531) (5,195) (8,481)
Proceeds from disposition of assets 434 255 148
Purchase of assets of Orchard Valley Harvest, Inc.   (115) (32,772)
Cash surrender value of officers' life insurance (89) (122) (135)
Net cash used in investing activities (7,186) (5,177) (41,240)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 310,727 274,130 233,559
Repayments of revolving credit borrowings (312,864) (266,582) (226,354)
Principal payments on long-term debt (4,309) (5,257) (4,055)
Increase / (decrease) in book overdraft 308 (422) (3,571)
Credit facility amendment costs (241)    
Payment of contingent consideration (1,702) (4,135)  
Proceeds from the exercise of stock options 452 84 157
Tax benefit of equity award exercises 48 7 21
Net cash used in financing activities (7,581) (2,175) (243)
Net increase / (decrease) in cash 1,138 (116) 574
Cash:      
Beginning of period 1,321 1,437 863
End of period 2,459 1,321 1,437
Supplemental disclosures of cash flow information:      
Interest paid 5,011 5,876 4,968
Income taxes paid, excluding refunds of $565, $81 and $29, respectively 11,383 2,163 7,586
Capital lease obligations incurred   $ 267 $ 146