Consolidated Statements of Cash Flows FOR THE FISCAL YEARS ENDED JUNE 30, 2019, JULY 1, 2018 AND JULY 2, 2017 (in thousands) 2019 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net Income (Loss) $ (54,083) $ (11,320) $ 56,650 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities: Depreciation and Amortization 64,200 58,258 56,183 Stock Compensation Expense 7,180 6,675 4,923 Pension Settlement Expense 521 41,157 — Equity in Earnings of Unconsolidated Affiliates (12,142 ) (12,230 ) (11,056 ) Dividends Received from Unconsolidated Affiliates 11,359 10,911 9,067 Loss on Disposition of Plant and Equipment 551 1,915 857 Provision for Deferred Income Taxes (17,949) 35,351 10,316 Cash Contributions to Qualified Pension Plans — (30,000 ) — Change in Operating Assets and Liabilities: Accounts Receivable (15,910 ) 47,180 (41,655 ) Inventories (91,171) (37,446) 11,204 Other Current Assets (1,304 ) (4,759 ) (1,759 ) Accounts Payable, Accrued Liabilities and Income Taxes 80,717 (10,345) 8,152 Other, Net (7,304 ) (2,624 ) (12,538 ) Net Cash Provided by (Used in) Operating Activities (35,335) 92,723 90,344 CASH FLOWS FROM INVESTING ACTIVITIES: Capital Expenditures (52,454) (103,203) (83,141) Cash Paid for Acquisitions, Net of Cash Acquired (8,866 ) (1,800 ) — Proceeds Received on Disposition of Plant and Equipment 69 339 1,027 Proceeds on Sale of Investment in Marketable Securities — — 3,343 Net Cash Used in Investing Activities (61,251) (104,664) (78,771) CASH FLOWS FROM FINANCING ACTIVITIES: Net Borrowings on Revolver 112,504 48,036 — Long Term Note Payable — 7,685 — Repayments on Long-Term Debt (5,424) (22,261) — Debt Issuance Costs — (1,154 ) — Cash Dividends Paid (17,781) (23,951) (24,054) Stock Option Exercise Proceeds 1,823 3,772 7,770 Payment of Acquisition Contingent Liability (925) — (1,625) Payments Related to Shares Withheld for Taxes for Stock Compensation (257 ) (1,396 ) (1,750 ) Treasury Stock Purchases (11,937) (10,312) (19,680) Net Cash Provided by (Used in) Financing Activities 78,003 419 (39,339 ) EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (293) (967) (366) NET DECREASE IN CASH AND CASH EQUIVALENTS (18,876 ) (12,489 ) (28,132 ) CASH AND CASH EQUIVALENTS BEGINNING OF YEAR (1) 49,218 61,707 89,839 CASH AND CASH EQUIVALENTS END OF YEAR (2) $ 30,342 $ 49,218 $ 61,707 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Interest Paid $ 27,161 $ 24,075 $ 19,422 Income Taxes Paid $ 3,309 $ 606 $ 4,683 (1) 1 Included within Beginning Cash, Cash Equivalents, and Restricted Cash is approximately $4.3 million and $0 of restricted cash as of July 1, 2018 and July 2, 2017, respectively. (2) Included within Ending Cash, Cash Equivalents, and Restricted Cash is approximately $0.8 million and $4.3 million of restricted cash as of June 30, 2019 and July 1, 2018, respectively. The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 41