XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 27, 2018
Dec. 28, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 17,870 $ 18,320
Depreciation and amortization 8,535 7,064
Loss on disposition of assets, net 57 319
Deferred income tax expense 433 3,116
Stock-based compensation expense 1,516 1,429
Change in assets and liabilities, net of business acquired:    
Accounts receivable, net 3,041 (3,176)
Inventories 2,654 15,953
Prepaid expenses and other current assets (1,659) (5,671)
Accounts payable 9,655 34,014
Accrued expenses 2,833 (9,124)
Income taxes payable 2,285 (5,422)
Other long-term assets and liabilities 261 694
Other, net 885 915
Net cash provided by operating activities 48,366 58,431
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (9,367) (6,966)
Acquisition of Squirrel Brand L.P.   (21,909)
Other 44 72
Net cash used in investing activities (9,323) (28,803)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings (6,737) 544
Principal payments on long-term debt (3,588) (2,052)
Increase in bank overdraft 1,825 1,962
Dividends paid (29,074) (28,370)
Issuance of Common Stock under equity award plans   16
Taxes paid related to net share settlement of equity awards (335) (631)
Net cash used in financing activities (37,909) (28,531)
NET INCREASE IN CASH 1,134 1,097
Cash, beginning of period 1,449 1,955
Cash, end of period $ 2,583 3,052
Supplemental disclosure of non-cash investing activities:    
Acquisition of Squirrel Brand L.P. through note payable   $ 11,500