XML 57 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 26, 2014
Jun. 27, 2013
Jun. 28, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 26,287 $ 21,760 $ 17,122
Depreciation and amortization 16,278 16,717 17,117
(Gain) loss on disposition of properties, net (1,526) (575) 16
Deferred income tax expense (benefit) 567 (947) (809)
Stock-based compensation expense 1,105 905 820
Change in assets and liabilities, net of business acquired:      
Accounts receivable, net (6,231) 358 (10,836)
Inventories (24,124) (12,322) (17,446)
Prepaid expenses and other current assets 1,136 (805) (19)
Accounts payable 616 10,527 4,784
Accrued expenses (2,434) (2,696) 5,442
Income taxes receivable/payable (1,669) (754) (1,003)
Other long-term liabilities 1,153 3,356 (114)
Other, net 792 229 831
Net cash provided by operating activities 11,950 35,753 15,905
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (9,928) (7,207) (7,531)
Proceeds from disposition of assets 7,879 993 434
Other (7) (165) (89)
Net cash used in investing activities (2,056) (6,379) (7,186)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facilities 304,910 313,059 310,727
Repayments of revolving credit borrowings (296,235) (327,040) (312,864)
Principal payments on long-term debt (3,340) (6,575) (4,309)
Increase (decrease) in book overdraft 1,362 (895) 308
Dividends paid (16,599) (10,889)  
Credit facility amendment costs     (241)
Payment of contingent consideration     (1,702)
Proceeds from the exercise of stock options 616 1,219 452
Tax benefit of equity award exercises 442 122 48
Net cash used in financing activities (8,844) (30,999) (7,581)
NET INCREASE (DECREASE) IN CASH 1,050 (1,625) 1,138
Cash, beginning of period 834 2,459 1,321
Cash, end of period 1,884 834 2,459
Supplemental disclosures of cash flow information:      
Interest paid 4,046 4,131 5,011
Income taxes paid, excluding refunds of $292, $14, and $565, respectively $ 14,366 $ 15,135 $ 11,383