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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 28, 2023
Dec. 29, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Pro forma net income $ 36,759 $ 32,452
Depreciation and amortization 11,715 10,099
Loss on disposition of assets, net 140 19
Deferred income tax expense 2,280 628
Stock-based compensation expense 2,130 2,287
Bargain purchase gain, net (2,226) 0
Change in assets and liabilities:    
Accounts receivable, net (4,542) (2,822)
Inventories 11,101 32,020
Prepaid expenses and other current assets (2,942) (1,885)
Accounts payable 20,557 1,492
Accrued expenses (10,077) (1,794)
Income taxes receivable (4,180) (2,523)
Other long-term assets and liabilities 132 721
Other, net 325 258
Net cash provided by operating activities 61,172 70,952
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (10,882) (11,420)
Business acquisitions, net (58,974) (3,500)
Other, net (53) (56)
Net cash used in investing activities (69,909) (14,976)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings (repayments) 32,052 (17,634)
Debt issue costs (316) 0
Principal payments on long-term debt (328) (1,984)
Increase in bank overdraft 1,215 1,756
Dividends paid (23,175) (37,553)
Taxes paid related to net share settlement of equity awards (684) (356)
Net cash provided by (used in) financing activities 8,764 (55,771)
NET INCREASE IN CASH AND CASH EQUIVALENTS 27 205
Cash, beginning of period 1,948 415
Cash, end of period $ 1,975 $ 620