XML 24 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2016
Jun. 25, 2015
Jun. 26, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 30,395 $ 29,305 $ 26,287
Depreciation and amortization 16,585 16,284 16,278
Loss (gain) on disposition of properties, net 392 100 (1,526)
Deferred income tax (benefit) expense (170) (2,384) 567
Stock-based compensation expense 2,489 1,952 1,105
Change in assets and liabilities, net of business acquired:      
Accounts receivable, net (2,436) (19,862) (6,231)
Inventories 41,424 (15,167) (24,124)
Prepaid expenses and other current assets (19) (1,587) 1,136
Accounts payable (1,126) 307 616
Accrued expenses 421 1,798 (2,434)
Income taxes receivable/payable (805) 2,495 (1,669)
Other long-term liabilities (443) 862 1,153
Other long-term assets 767 (1,541) (400)
Other, net 1,774 1,371 1,192
Net cash provided by operating activities 89,248 13,933 11,950
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (15,018) (14,392) (9,928)
Proceeds from disposition of assets 1 90 7,879
Other 92 21 (7)
Net cash used in investing activities (14,925) (14,281) (2,056)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facilities 316,945 339,684 304,910
Repayments of revolving credit borrowings (366,014) (319,073) (296,235)
Principal payments on long-term debt (3,376) (3,349) (3,340)
(Decrease) increase in book overdraft (226) (1,377) 1,362
Dividends paid (22,486) (16,759) (16,599)
Proceeds from the exercise of stock options 155 643 616
Tax benefit of equity award exercises 953 641 442
Net cash (used in) provided by financing activities (74,049) 410 (8,844)
NET INCREASE IN CASH 274 62 1,050
Cash, beginning of period 1,946 1,884 834
Cash, end of period 2,220 1,946 1,884
Supplemental disclosures of cash flow information:      
Interest paid 3,326 3,760 4,046
Income taxes paid, excluding refunds of $168, $548, and $292, respectively $ 16,526 $ 15,288 $ 14,366