XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 24, 2020
Sep. 26, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,812 $ 12,926
Depreciation and amortization 4,368 4,412
(Gain) loss on disposition of assets, net (241) 3
Deferred income tax benefit (199) (249)
Stock-based compensation expense 622 633
Change in assets and liabilities:    
Accounts receivable, net (12,928) 497
Inventories 21,697 571
Prepaid expenses and other current assets 1,962 356
Accounts payable 5,661 9,655
Accrued expenses (13,970) (10,969)
Income taxes payable 28 3,839
Other long-term assets and liabilities 166 300
Other, net 599 494
Net cash provided by operating activities 20,577 22,468
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (6,298) (3,118)
Other 280 16
Net cash used in investing activities (6,018) (3,102)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings 17,160 16,042
Principal payments on long-term debt (1,870) (2,192)
(Decrease) increase in bank overdraft (1,956) 401
Dividends paid (28,685) (34,321)
Net cash used in financing activities (15,351) (20,070)
NET DECREASE IN CASH (792) (704)
Cash, beginning of period 1,535 1,591
Cash, end of period $ 743 887
Supplemental disclosure of non-cash activities:    
Right-of-use assets recognized at ASU No. 2016-02 transition   $ 5,361