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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 25, 2021
Mar. 26, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 47,398 $ 43,853
Depreciation and amortization 13,665 13,521
Gain on disposition of assets, net (2,733) (899)
Deferred income tax expense (benefit) 1,737 (250)
Stock-based compensation expense 2,330 2,190
Change in assets and liabilities:    
Accounts receivable, net (7,553) (6,196)
Inventories 20,311 (31,490)
Prepaid expenses and other current assets 1,834 398
Accounts payable 7,498 12,080
Accrued expenses (6,138) (1,576)
Income taxes payable (3,727) 1,039
Other long-term assets and liabilities 605 806
Other, net 1,799 1,486
Net cash provided by operating activities 77,026 34,962
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (15,769) (10,560)
Proceeds from insurance recoveries 2,506 232
Other (357) (205)
Net cash used in investing activities (13,620) (10,533)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term (repayments) borrowings (1,003) 38,175
Debt issue costs   (410)
Principal payments on long-term debt (4,365) (5,880)
(Decrease) increase in bank overdraft (532) 1,190
Dividends paid (57,463) (57,268)
Taxes paid related to net share settlement of equity awards (535) (834)
Net cash used in financing activities (63,898) (25,027)
NET DECREASE IN CASH (492) (598)
Cash, beginning of period 1,535 1,591
Cash, end of period $ 1,043 993
Supplemental disclosure of non-cash activities:    
Right-of-use assets recognized at ASU No. 2016-02 transition   $ 5,361