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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 02, 2023
Mar. 27, 2022
Operating activities:    
Net income (loss) $ (22,155) $ 51,860
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Goodwill and intangible asset impairment 64,586 0
Depreciation and amortization 40,276 36,251
Amortization of deferred financing costs 998 943
Deferred income taxes (4,390) (1,678)
Bad debt expense 2,997 (873)
Stock-based compensation 5,941 6,803
Other non-cash items (245) 1,352
Changes in operating items:    
Trade receivables (15,977) (18,570)
Inventories 57,031 (51,928)
Prepaid and other 2,706 7,174
Accounts payable and accrued expenses (59,806) 6,847
Other assets and liabilities 1,102 547
Net cash provided by operating activities 73,064 38,728
Investing activities:    
Acquisitions, net of cash acquired (5,000) (22,105)
Capital expenditures, net of non-cash expenditures (31,351) (47,945)
Net cash used in investing activities (36,351) (70,050)
Financing activities:    
Acquisition of treasury stock (1,197) (34,788)
Proceeds from exercise of employee stock options 0 846
Proceeds from bank borrowings 195,900 125,000
Repayment of notes payable and bank borrowings (210,900) (140,000)
Debt issuance cost (383) (284)
Net cash used in financing activities (16,580) (49,226)
Net change in cash and cash equivalents 20,133 (80,548)
Cash and cash equivalents:    
Beginning of period 31,465 173,573
End of period $ 51,598 $ 93,025