Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 29, 2012
Oct. 01, 2011
Operating activities:    
Net income $ 3,564 $ 4,412
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,945 1,795
Amortization of deferred financing fees 90 90
Excess tax benefits from exercise of stock options 0 (475)
Povision for deferred income taxes 802 523
Non-cash stock compensation 456 672
Loss on disposal of property and equipment 49 33
Changes in operating assets and liabilities:    
Accounts receivable 4,559 10,044
Inventories (181) (27,118)
Prepaid expenses and other current assets (168) (334)
Other non-current assets 4 132
Accounts payable (1,423) (2,393)
Accrued expenses 4,786 (3,648)
Income taxes 1,526 (439)
Other liabilities (23) 96
Net cash provided by (used in) operating activities 15,986 (16,610)
Investing activities:    
Purchases of property and equipment, net (1,687) (1,319)
Net cash used in investing activities (1,687) (1,319)
Financing activities:    
Proceeds from long-term debt 124,913 164,581
Repayment of long-term debt (136,814) (146,021)
Repurchase of common stock (1,025) (1,459)
Proceeds from stock options 0 20
Excess tax benefits from exercise of stock options 0 475
Net cash (used in) provided by financing activities (12,926) 17,596
Net increase (decrease) in cash and cash equivalents 1,373 (333)
Cash and cash equivalents at beginning of year 467 656
Cash and cash equivalents at end of year 1,840 323
Supplemental cash flow information:    
Cash paid during the year for interest 1,009 696
Cash paid during the year for income taxes, net of refunds received $ (1,150) $ 1,235