XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 24, 2016
Mar. 26, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 23,118 $ 20,836
Depreciation and amortization 12,362 12,078
Loss on disposition of assets, net 362 46
Deferred income tax expense (benefit) 1,284 (211)
Stock-based compensation expense 1,810 1,405
Change in assets and liabilities:    
Accounts receivable, net 4,152 (10,855)
Inventories (9,322) (45,547)
Prepaid expenses and other current assets (1,045) (2,533)
Accounts payable 13,968 18,851
Accrued expenses (1,093) (2,790)
Income taxes payable (5,797) (50)
Other long-term assets and liabilities 216 (416)
Other, net 988 730
Net cash provided by (used in) operating activities 41,003 (8,456)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (12,595) (11,136)
Proceeds from dispositions of assets 0 90
Other 41 7
Net cash used in investing activities (12,554) (11,039)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facility 262,171 267,006
Repayments of revolving credit borrowings (268,191) (232,934)
Principal payments on long-term debt (2,529) (2,509)
Increase in book overdraft 2,524 3,698
Dividends paid (22,486) (16,759)
Issuance of Common Stock under equity award plans 156 567
Tax benefit of equity award exercises 883 606
Net cash (used in) provided by financing activities (27,472) 19,675
NET INCREASE IN CASH 977 180
Cash, beginning of period 1,946 1,884
Cash, end of period $ 2,923 $ 2,064