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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Operating activities:    
Net income $ 30,158 $ 31,665
Reconciliation of net income to net provided by operating activities, net of acquisitions:    
Intangible impairment 0 19,762
Depreciation and amortization 27,168 27,346
Amortization of deferred financing costs 361 361
Deferred income taxes (1,496) (6,108)
Bad debt expense 131 225
Stock-based compensation 6,108 4,595
Other non-cash items (412) (385)
Changes in operating items:    
Trade receivables (43,400) (26,384)
Inventories 20,446 29,808
Prepaid and other 5,850 6,640
Accounts payable and accrued expenses 104,671 125,404
Other assets and liabilities 1,722 (169)
Net cash provided by operating activities 151,307 212,760
Investing activities:    
Acquisitions, net of cash acquired (3,000) 0
Capital expenditures (23,023) (17,807)
Net cash used in investing activities (26,023) (17,807)
Financing activities:    
Acquisition of treasury stock (7,683) (4,787)
Proceeds from exercise of employee stock options 182 44
Proceeds from bank borrowings 110,000 82,000
Repayment of bank borrowings (140,000) (87,000)
Net cash used in financing activities (37,501) (9,743)
Net change in cash and cash equivalents 87,783 185,210
Cash and cash equivalents:    
Beginning of period 159,437 126,807
End of period $ 247,220 $ 312,017