Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Dec. 31, 2011
Jan. 01, 2011
Operating activities:    
Net (loss) income $ (9,178) $ 3,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,642 3,573
Amortization of deferred financing fees 180 140
Excess tax benefits from exercise of stock options (529) (100)
Provision for deferred income taxes (1,173) 794
Loss on disposal of property and equipment 45 65
Non-cash stock compensation 1,043 456
Change in the fair value of contingent consideration 0 (1,530)
Goodwill impairment charge 0 612
Inventory write down 16,195 0
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 25,432 11,615
Inventories (39,904) (21,605)
Prepaid expenses and other current assets (811) (1,164)
Income taxes (7,176) (2,074)
Other non-current assets 124 1
Accounts payable (9,046) 6,699
Accrued expenses (8,073) (2,774)
Other liabilities 61 (80)
Net cash used in operating activities (29,168) (2,306)
Investing activities:    
Purchases of property and equipment, net (3,054) (3,804)
Cash paid for business, net of cash acquired 0 (9,884)
Net cash used in investing activities (3,054) (13,688)
Financing activities:    
Proceeds from long-term debt 302,878 246,401
Repayment of long-term debt (269,143) (230,081)
Repurchase of common stock (2,289) (1,060)
Cash used, net of proceeds, from net settlement exercise of stock options (54) 217
Excess tax benefits from exercise of stock options 529 100
Net cash provided by financing activities 31,921 15,577
Net decrease in cash and cash equivalents (301) (417)
Cash and cash equivalents at beginning of period 656 687
Cash and cash equivalents at end of period 355 270
Supplemental cash flow information:    
Cash paid for interest 929 1,017
Cash paid for income taxes 2,308 2,611
Non-cash financing activity—issuance of common stock $ 142 $ 98