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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 29, 2017
Jun. 30, 2016
Jun. 25, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 36,125 $ 30,395 $ 29,305
Depreciation and amortization 15,559 16,585 16,284
Loss on disposition of properties, net 71 392 100
Deferred income tax benefit (1,744) (170) (2,384)
Stock-based compensation expense 2,504 2,489 1,952
Change in assets and liabilities:      
Accounts receivable, net 13,243 (2,436) (19,862)
Inventories (25,847) 41,424 (15,167)
Prepaid expenses and other current assets 201 (19) (1,587)
Accounts payable 6,384 (1,126) 307
Accrued expenses 1,484 421 1,798
Income taxes receivable/payable 2,217 (805) 2,495
Other long-term liabilities 579 (443) 862
Other long-term assets (266) 767 (1,541)
Other, net 2,158 1,774 1,371
Net cash provided by operating activities 52,668 89,248 13,933
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (10,885) (15,018) (14,392)
Proceeds from disposition of assets 1 1 90
Other, net 341 92 21
Net cash used in investing activities (10,543) (14,925) (14,281)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facilities 340,229 316,945 339,684
Repayments of revolving credit borrowings (322,857) (366,014) (319,073)
Principal payments on long-term debt (3,482) (3,376) (3,349)
Increase (decrease) in bank overdraft 121 (226) (1,377)
Dividends paid (56,464) (22,486) (16,759)
Proceeds from the exercise of stock options 63 155 643
Tax benefit of equity award exercises 0 953 641
Net cash (used in) provided by financing activities (42,390) (74,049) 410
NET (DECREASE) INCREASE IN CASH (265) 274 62
Cash, beginning of period 2,220 1,946 1,884
Cash, end of period 1,955 2,220 1,946
Supplemental disclosures of cash flow information:      
Interest paid 2,763 3,326 3,760
Income taxes paid, excluding refunds of $232, $168, and $548, respectively $ 17,635 $ 16,526 $ 15,288