Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.3.0.15
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 3 Months Ended
Oct. 01, 2011
Oct. 02, 2010
Operating activities:    
Net income $ 4,412 $ 1,648
Adjustments to reconcile net income to net cash    
Depreciation and amortization 1,795 1,767
Amortization of deferred financing fees 90 70
Excess tax benefits from exercise of stock options (475) (90)
Provision for deferred income taxes 523 303
Loss on disposal of property and equipment 33 24
Non-cash stock compensation 672 545
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 10,044 10,272
Inventories (27,118) (14,119)
Prepaid expenses and other current assets (334) (128)
Income taxes (439) (533)
Other non-current assets 132 1
Accounts payable (2,393) 5,645
Accrued expenses (3,648) (1,951)
Other liabilities 96 (103)
Net cash (used in) provided by operating activities (16,610) 3,351
Investing activities:    
Purchases of property and equipment, net (1,319) (1,537)
Cash paid for business, net of cash acquired 0 (9,884)
Net cash used in investing activities (1,319) (11,421)
Financing activities:    
Proceeds from long-term debt 164,581 130,035
Repayment of long-term debt (146,021) (121,443)
Repurchase of common stock (1,459) (735)
Proceeds from stock options 20 52
Excess tax benefits from exercise of stock options 475 90
Net cash provided by financing activities 17,596 7,999
Net decrease in cash and cash equivalents (333) (71)
Cash and cash equivalents at beginning of period 656 687
Cash and cash equivalents at end of period 323 616
Supplemental cash flow information:    
Cash paid for interest 696 536
Cash paid for income taxes 1,235 928
Non-cash financing activity—issuance of common stock $ 142 $ 98