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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:    
Net income $ 163,499 $ 23,466
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,550 3,286
Amortization of debt issuance costs 562 129
Premium amortization and (discount accretion), net (356) 0
Provision for inventory obsolescence 936 3,151
Provision/(recovery) for loss on vendor deposits (431) 16,187
Stock-based compensation 1,554 1,692
Deferred Taxes 0 2,253
Other, net (142) 410
Changes in operating assets and liabilities:    
Accounts receivable 258 (18,613)
Inventories (154,470) 39,533
Vendor deposits 15,356 (11,153)
Prepaid income taxes 0 2,419
Prepaid expenses and other assets 4,361 (2,147)
Accounts payable 122,465 (36,888)
Income taxes payable (4,631) 113,166
Deferred revenues 6,265 1,207
Accrued and other liabilities (14,193) 27,568
Net cash provided by operating activities 144,583 165,666
Cash Flows from Investing Activities:    
Purchase of property and equipment and other long-term assets (5,610) (6,195)
Private equity investment (5,000) 0
Purchase of investments (167,822) 0
Proceeds from sale of investments 7,598 0
Proceeds from maturities of investments 14,721 0
Net cash (used in) investing activities (156,113) (6,195)
Cash Flows from Financing Activities:    
Proceeds from borrowing under the Amended Credit Facility- Revolver 0 218,500
Repayment against Credit Facility (12,500) (7,500)
Repurchases of common stock (313,079) (151,255)
Payment of common stock cash dividends (36,139) 0
Proceeds from exercise of stock options 380 849
Tax withholdings related to net share settlements of restricted stock units 479 487
Net cash (used in) provided by financing activities (361,817) 60,107
Net (decrease) increase in cash and cash equivalents (373,347) 219,578
Cash and cash equivalents at beginning of period 666,681 604,198
Cash and cash equivalents at end of period 293,334 823,776
Supplemental Disclosure of Cash Flow Information:    
Income taxes paid, net of refunds 26,437 7,850
Interest paid 13,287 4,843
Non-Cash Investing and Financing Activities:    
Unpaid stock repurchases 6,000 0
Unpaid property and equipment and other long-term assets 36 288
Net unsettled investment purchases, sales and maturities $ 74 $ 0