XML 88 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Dec. 23, 2012
Dec. 25, 2011
Cash and cash equivalents at beginning of year $ 10,886 $ 27,490
Operating activities:    
Net income (loss) including non-controlling interest 4,275 (7,531)
Adjustments to reconcile net income (loss) including non-controlling interest to net cash provided by operating activities:    
Equity in earnings of unconsolidated affiliates (1,929) (4,303)
Dividends received from unconsolidated affiliates 2,724 2,005
Depreciation and amortization expense 12,997 13,468
Loss on extinguishment of debt 356 462
Loss on previously held equity interest   3,656
Non-cash compensation expense, net 1,326 1,395
Deferred income taxes 3,159 (575)
Other 97 55
Changes in assets and liabilities, excluding effects of foreign currency adjustments:    
Receivables, net 10,447 12,130
Inventories 5,467 14,381
Other current assets and income taxes receivable (784) (1,561)
Accounts payable and accrued expenses (12,235) (19,830)
Income taxes payable (1,161) 550
Net cash provided by operating activities 24,739 14,302
Investing activities:    
Capital expenditures (2,872) (3,259)
Investments in unconsolidated affiliates   (360)
Other investments (1,620)  
Acquisition, net of cash acquired   (356)
Proceeds from sale of assets 56 181
Other (55) 14
Net cash used in investing activities (4,491) (3,780)
Financing activities:    
Payments of notes payable   (10,288)
Proceeds from revolving credit facilities 28,700 92,800
Payments on revolving credit facilities (35,700) (92,400)
Payments on term loans (10,516)  
Proceeds from related party term loan 1,250  
Contributions from non-controlling interest 480 120
Other (73) 60
Net cash used in financing activities (15,859) (9,708)
Effect of exchange rate changes on cash and cash equivalents (29) (3,627)
Net increase (decrease) in cash and cash equivalents 4,360 (2,813)
Cash and cash equivalents at end of period $ 15,246 $ 24,677