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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 26, 2019
Dec. 27, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 30,387 $ 17,870
Depreciation and amortization 9,225 8,535
(Gain) loss on disposition of assets, net (33) 57
Deferred income tax expense 107 433
Stock-based compensation expense 1,488 1,516
Change in assets and liabilities:    
Accounts receivable, net 8,316 3,041
Inventories (15,316) 2,654
Prepaid expenses and other current assets (345) (1,659)
Accounts payable 28,486 9,655
Accrued expenses (8,964) 2,833
Income taxes payable (640) 2,285
Other long-term assets and liabilities 582 261
Other, net 992 885
Net cash provided by operating activities 54,285 48,366
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (6,465) (9,367)
Proceeds from insurance recoveries 232  
Other 85 44
Net cash used in investing activities (6,148) (9,323)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings (repayments) 13,495 (6,737)
Debt issue costs (218)  
Principal payments on long-term debt (4,031) (3,588)
Increase in bank overdraft 448 1,825
Dividends paid (57,268) (29,074)
Taxes paid related to net share settlement of equity awards (761) (335)
Net cash used in financing activities (48,335) (37,909)
NET (DECREASE) INCREASE IN CASH (198) 1,134
Cash, beginning of period 1,591 1,449
Cash, end of period 1,393 $ 2,583
Supplemental disclosure of non-cash activities:    
Right-of-use assets recognized at ASU No. 2016-02 transition, see Note 3 $ 5,361