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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 02, 2022
Sep. 26, 2021
Operating activities:    
Net loss $ (33,692) $ (13,199)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,694 10,970
Amortization of deferred financing costs 345 299
Deferred income taxes (381) (741)
Bad debt expense 265 (96)
Stock-based compensation 1,555 3,005
Other non-cash items 326 260
Changes in operating items:    
Trade receivables (25,416) (9,708)
Inventories (95,038) (128,577)
Prepaid and other (19,425) (16,852)
Accounts payable and accrued expenses 11,742 2,415
Other assets and liabilities 702 2,060
Net cash used in operating activities (146,323) (150,164)
Investing activities:    
Capital expenditures, net of non-cash expenditures (11,033) (11,122)
Net cash used in investing activities (11,033) (11,122)
Financing activities:    
Acquisition of treasury stock 0 (9,065)
Proceeds from exercise of employee stock options 0 563
Proceeds from bank borrowings 140,000 0
Repayment of notes payable and bank borrowings (5,000) 0
Debt issuance cost 333 0
Net cash provided by (used in) financing activities 135,333 (8,502)
Net change in cash and cash equivalents (22,023) (169,788)
Cash and cash equivalents:    
Beginning of period 31,465 173,573
End of period $ 9,442 $ 3,785