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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 24, 2020
Dec. 26, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 32,697 $ 30,387
Depreciation and amortization 9,089 9,225
Gain on disposition of assets, net (2,530) (33)
Deferred income tax (benefit) expense (500) 107
Stock-based compensation expense 1,620 1,488
Change in assets and liabilities:    
Accounts receivable, net (1,247) 8,316
Inventories 16,697 (15,316)
Prepaid expenses and other current assets (1,557) (345)
Accounts payable 16,244 28,486
Accrued expenses (11,993) (8,964)
Income taxes payable 1,871 (640)
Other long-term assets and liabilities 344 582
Other, net 1,200 992
Net cash provided by operating activities 61,935 54,285
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (11,121) (6,465)
Proceeds from insurance recoveries 0 232
Other 387 85
Net cash used in investing activities (10,734) (6,148)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term (repayments) borrowings (17,839) 13,495
Debt issue costs 0 (218)
Principal payments on long-term debt (3,432) (4,031)
(Decrease) increase in bank overdraft (531) 448
Dividends paid (28,685) (57,268)
Taxes paid related to net share settlement of equity awards (486) (761)
Net cash used in financing activities (50,973) (48,335)
NET INCREASE (DECREASE) IN CASH 228 (198)
Cash, beginning of period 1,535 1,591
Cash, end of period 1,763 1,393
Supplemental disclosure of non-cash activities:    
Right-of-use assets recognized at ASU No. 2016-02 transition $ 0 $ 5,361