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
 9 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Operating activities:    
Net earnings (loss) from continuing operations $ 5,217 $ (7,258)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,983 5,503
Amortization of deferred financing fees 271 271
Excess tax benefits from exercise of stock options (37) (529)
Povision for deferred income taxes (302) (5,372)
Non-cash stock compensation 601 1,250
Loss on disposal of property and equipment 113 61
Inventory write-down 0 16,195
Changes in operating assets and liabilities:    
Accounts receivable 3,047 3,117
Inventories (4,189) (36,994)
Prepaid expenses and other current assets (542) (487)
Other non-current assets 3 111
Accounts payable 53 (3,432)
Accrued expenses 641 (8,362)
Income taxes 1,004 (3,118)
Other liabilities (96) 87
Net cash provided by (used in) operating activities 11,767 (38,957)
Investing activities:    
Purchases of property and equipment, net (5,465) (5,161)
Proceeds from Sale of Property, Plant, and Equipment 15 0
Net cash used in investing activities (5,450) (5,161)
Financing activities:    
Proceeds from long-term debt 364,753 427,011
Repayment of long-term debt (366,322) (381,170)
Repurchase of common stock (4,524) (2,289)
Proceeds from stock options (239) (54)
Excess tax benefits from exercise of stock options 37 529
Net cash (used in) provided by financing activities (6,295) 44,027
Net increase (decrease) in cash and cash equivalents 22 (91)
Cash and cash equivalents at beginning of year 467 656
Cash and cash equivalents at end of year 489 565
Supplemental cash flow information:    
Cash paid during the year for interest 2,631 2,447
Cash paid during the year for income taxes, net of refunds received $ 367 $ 2,348