XML 74 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 26, 2020
Mar. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 43,853 $ 28,201
Depreciation and amortization 13,521 12,747
Gain on disposition of assets, net (899) (130)
Deferred income tax (benefit) expense (250) 471
Stock-based compensation expense 2,190 2,037
Change in assets and liabilities:    
Accounts receivable, net (6,196) 7,763
Inventories (31,490) (4,547)
Prepaid expenses and other current assets 398 (884)
Accounts payable 12,080 (15,080)
Accrued expenses (1,576) 8,270
Income taxes payable 1,039 1,839
Other long-term assets and liabilities 806 835
Other, net 1,486 1,295
Net cash provided by operating activities 34,962 42,817
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (10,560) (12,080)
Proceeds from insurance recoveries 232 371
Other (205) (139)
Net cash used in investing activities (10,533) (11,848)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings 38,175 3,821
Debt issue costs (410) 0
Principal payments on long-term debt (5,880) (5,396)
Increase (decrease) in bank overdraft 1,190 (340)
Dividends paid (57,268) (29,074)
Taxes paid related to net share settlement of equity awards (834) (339)
Net cash used in financing activities (25,027) (31,328)
NET DECREASE IN CASH (598) (359)
Cash, beginning of period 1,591 1,449
Cash, end of period 993 1,090
Supplemental disclosure of non-cash activities:    
Right-of-use assets recognized at ASU No. 2016-02 transition, see Note 3 $ 5,361 $ 0