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
 6 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Operating activities:    
Earnings (loss) from continuing operations $ 3,610 $ (9,178)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,971 3,642
Amortization of deferred financing fees 180 180
Excess tax benefits from exercise of stock options (21) (529)
Povision for deferred income taxes 789 (1,173)
Non-cash stock compensation 244 1,043
Loss on disposal of property and equipment 59 45
Inventory Write-down 0 16,195
Changes in operating assets and liabilities:    
Accounts receivable 17,105 25,432
Inventories (6,726) (39,904)
Prepaid expenses and other current assets (1,223) (811)
Other non-current assets 4 124
Accounts payable (1,407) (9,046)
Accrued expenses 453 (8,073)
Income taxes (35) (7,176)
Other liabilities (33) 61
Investing activities:    
Purchases of property and equipment, net (3,850) (3,054)
Financing activities:    
Proceeds from long-term debt 248,580 302,878
Repayment of long-term debt (258,178) (269,143)
Repurchase of common stock (3,039) (2,289)
Proceeds from stock options (31) (54)
Excess tax benefits from exercise of stock options 21 529
Net increase (decrease) in cash and cash equivalents 473 (301)
Cash and cash equivalents at beginning of year 467 656
Cash and cash equivalents at end of year 940 355
Supplemental cash flow information:    
Cash paid during the year for interest 1,799 929
Cash paid during the year for income taxes, net of refunds received $ 352 $ 2,308