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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 29, 2022
Dec. 23, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 32,452 $ 32,496
Depreciation and amortization 10,099 9,143
Loss (gain) on disposition of assets, net 19 (1,765)
Deferred income tax expense 628 1,783
Stock-based compensation expense 2,287 1,771
Change in assets and liabilities:    
Accounts receivable, net (2,822) 1,302
Inventories 32,020 (30,743)
Prepaid expenses and other current assets (1,885) (3,429)
Accounts payable 1,492 16,244
Accrued expenses (1,794) (8,971)
Income taxes payable (2,523) (3,606)
Other long-term assets and liabilities 721 379
Other, net 258 1,216
Net cash provided by operating activities 70,952 15,820
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (11,420) (9,485)
Acquisition of Just the Cheese brand (3,500) 0
Proceeds from dispositions of assets, net 0 3,950
Other, net (56) (354)
Net cash used in investing activities (14,976) (5,889)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term (repayments) borrowings (17,634) 27,232
Principal payments on long-term debt (1,984) (1,887)
Increase in bank overdraft 1,756 575
Dividends paid (37,553) (34,534)
Taxes paid related to net share settlement of equity awards (356) (962)
Net cash used in financing activities (55,771) (9,576)
NET INCREASE IN CASH 205 355
Cash, beginning of period 415 672
Cash, end of period $ 620 $ 1,027