Transition report pursuant to Rule 13a-10 or 15d-10

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Operating activities:    
Net earnings from continuing operations $ 568 $ 3,564
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,070 1,945
Amortization of deferred financing fees 89 90
Excess tax benefits from exercise of stock options 1 0
Povision for deferred income taxes (1,386) 802
Non-cash stock compensation 398 456
Loss on disposal of property and equipment (15) 49
Changes in operating assets and liabilities:    
Accounts receivable 6,120 4,559
Inventories (5,676) (181)
Prepaid expenses and other current assets 343 (168)
Other non-current assets (41) 4
Accounts payable 2,405 (1,423)
Accrued expenses (965) 4,786
Income taxes 1,006 1,526
Other liabilities 248 (23)
Net cash provided by (used in) operating activities 5,165 15,986
Investing activities:    
Purchases of property and equipment, net (2,992) (1,687)
Proceeds from Sale of Property, Plant, and Equipment 7 0
Cash paid for business, net of cash received (35,387) 0
Net cash used in investing activities (38,372) (1,687)
Financing activities:    
Proceeds from long-term debt 177,138 124,913
Repayment of long-term debt (140,696) (136,814)
Payments of Financing Costs (319) 0
Repurchase of common stock (2,051) (1,025)
Payment of Taxes on Exercise of Stock Options (633) 0
Excess tax benefits from exercise of stock options (1) 0
Net cash (used in) provided by financing activities 33,438 (12,926)
Net increase (decrease) in cash and cash equivalents 231 1,373
Cash and cash equivalents at beginning of year 598 467
Cash and cash equivalents at end of year 829 1,840
Supplemental cash flow information:    
Cash paid during the year for interest 899 1,009
Cash paid during the year for income taxes, net of refunds received $ (956) $ (1,150)