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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Jun. 24, 2021
Jun. 25, 2020
Jun. 27, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 59,741 $ 54,110 $ 39,466
Depreciation and amortization 18,308 17,934 17,045
Gain on disposition of properties, net (2,717) (844) (164)
Deferred income tax expense (benefit) 840 104 (298)
Stock-based compensation expense 2,908 2,472 2,644
Change in assets and liabilities:      
Accounts receivable, net (9,391) 4,015 4,447
Inventories 24,070 (15,044) 17,338
Prepaid expenses and other current assets (253) (2,668) (470)
Accounts payable 11,442 (6,721) (16,958)
Accrued expenses (1,487) 2,898 15,784
Income taxes receivable/payable (2,302) 4,154 2,348
Other long-term liabilities (765) (887) 711
Other long-term assets 1,481 1,749 (404)
Other, net 2,822 2,341 1,970
Net cash provided by operating activities 104,697 63,613 83,459
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (25,176) (15,022) (15,075)
Proceeds from insurance recoveries 2,506 1,109 429
Other, net (280) (136) 32
Net cash used in investing activities (22,950) (14,049) (14,614)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net short-term (repayments) borrowings (18,355) 27,008 (31,278)
Debt issue costs   (459)  
Principal payments on long-term debt (5,309) (7,739) (6,851)
(Decrease) increase in bank overdraft (948) 1,140 (1,161)
Dividends paid (57,463) (68,740) (29,074)
Proceeds from the exercise of stock options   4  
Taxes paid related to net share settlement of equity awards (535) (834) (339)
Net cash used in financing activities (82,610) (49,620) (68,703)
NET (DECREASE) INCREASE IN CASH (863) (56) 142
Cash, beginning of period 1,535 1,591 1,449
Cash, end of period 672 1,535 1,591
Interest paid 1,319 1,954 2,872
Income taxes paid, excluding refunds of $545, $18, and $16, respectively $ 21,967 14,415 $ 10,883
Supplemental disclosure of non-cash activities:      
Right-of-use assets recognized at ASU No. 2016-02 transition   $ 5,361