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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 28, 2024
Mar. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 50,236 $ 48,184
Depreciation and amortization 18,053 15,323
Loss on disposition of assets, net 287 47
Deferred income tax expense 2,191 862
Stock-based compensation expense 3,228 3,228
Bargain purchase gain, net (2,226) 0
Change in assets and liabilities, net of Acquisition:    
Accounts receivable, net (2,829) (4,923)
Inventories (2,236) 14,744
Prepaid expenses and other current assets (1,125) 535
Accounts payable 8,892 (5,285)
Accrued expenses (6,390) 1,312
Income taxes receivable (2,593) (2,575)
Other long-term assets and liabilities 268 335
Other, net 682 602
Net cash provided by operating activities 66,438 72,389
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (17,468) (15,586)
Business acquisitions, net (58,974) (3,500)
Other, net (53) (56)
Net cash used in investing activities (76,495) (19,142)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term borrowings (repayments) 32,093 (12,614)
Debt issue costs (316) 0
Principal payments on long-term debt (498) (2,995)
Increase in bank overdraft 1,066 244
Dividends paid (23,175) (37,553)
Taxes paid related to net share settlement of equity awards (684) (379)
Net cash provided by (used in) financing activities 8,486 (53,297)
NET INCREASE IN CASH AND CASH EQUIVALENTS (1,571) (50)
Cash and cash equivalents, beginning of period 1,948 415
Cash, end of period $ 377 $ 365