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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 24, 2022
Mar. 25, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 44,373 $ 47,398
Depreciation and amortization 13,619 13,665
Gain on disposition of assets, net (1,754) (2,733)
Deferred income tax expense 983 1,737
Stock-based compensation expense 2,649 2,330
Change in assets and liabilities:    
Accounts receivable, net (2,370) (7,553)
Inventories (63,129) 20,311
Prepaid expenses and other current assets 915 1,834
Accounts payable 1,767 7,498
Accrued expenses (10,046) (6,138)
Income taxes payable (1,917) (3,727)
Other long-term assets and liabilities 532 605
Other, net 1,823 1,799
Net cash (used in) provided by operating activities (12,555) 77,026
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (12,836) (15,769)
Proceeds from insurance recoveries 0 2,506
Proceeds from dispositions of assets, net 3,950 299
Proceeds from the sale of life insurance policies 3,225 0
Other (827) (656)
Net cash used in investing activities (6,488) (13,620)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings (repayments) 57,210 (1,003)
Principal payments on long-term debt (2,849) (4,365)
Increase (decrease) in bank overdraft 221 (532)
Dividends paid (34,534) (57,463)
Taxes paid related to net share settlement of equity awards (1,010) (535)
Net cash provided by (used in) financing activities 19,038 (63,898)
NET DECREASE IN CASH (5) (492)
Cash, beginning of period 672 1,535
Cash, end of period $ 667 $ 1,043