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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2024
Jun. 29, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 60,249 $ 62,857 $ 61,787
Depreciation and amortization 24,581 20,513 18,286
Amortization of operating lease right-of-use assets 2,023 1,625 1,425
Loss (gain) on disposition of properties, net 558 281 (1,753)
Deferred income tax (benefit) expense (704) (1,115) 551
Stock-based compensation expense 4,389 3,565 3,565
Bargain purchase gain, net (2,226) 0 0
Loss on previously held equity interest 0 1,000 0
Change in assets and liabilities:      
Accounts receivable, net (12,106) (3,123) (3,277)
Inventories 11,873 32,159 (56,857)
Prepaid expenses and other current assets (4,216) 1,471 285
Accounts payable 10,558 (5,036) (94)
Accrued expenses 8,407 9,946 (4,696)
Income taxes receivable/payable (1,944) (104) (1,841)
Other long-term liabilities (896) (162) (1,153)
Other long-term assets (59) (529) 564
Other, net 1,186 1,307 2,812
Net cash provided by operating activities 101,673 124,655 19,604
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (28,312) (20,732) (17,754)
Business acquisitions, net (58,974) (3,500) 0
Proceeds from dispositions of assets, net 2 1 3,950
Proceeds from the sale of life insurance policies 0 0 3,225
Other, net (65) (56) (797)
Net cash used in investing activities (87,349) (24,287) (11,376)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net short-term borrowings (repayments) 20,420 (40,439) 31,786
Principal payments on long-term debt (672) (3,154) (3,822)
Increase (decrease) in bank overdraft 260 71 (879)
Dividends paid (34,796) (54,934) (34,534)
Debt issue costs (316) 0 0
Taxes paid related to net share settlement of equity awards (684) (379) (1,036)
Net cash used in financing activities (15,788) (98,835) (8,485)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,464) 1,533 (257)
Cash and cash equivalents, beginning of period 1,948 415 672
Cash and cash equivalents, end of period 484 1,948 415
Interest paid 2,370 2,116 1,742
Income taxes paid, excluding refunds of $227, $120, and $139, respectively $ 22,214 $ 23,427 $ 21,278