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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 87,750 $ 93,182
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation and amortization 5,131 3,686
Amortization of debt issuance costs 434 321
Non-cash lease expense 258 172
Provision for inventory obsolescence 1,382 1,576
Provision for loss on vendor deposits 2,954 (2,090)
Share-based compensation 1,500 1,048
Deferred taxes 116 135
Provision for sales returns (704) 0
Other, net 93 564
Changes in operating assets and liabilities:    
Accounts receivable (898) (27,937)
Inventories 28,615 (94,244)
Vendor deposits (25,718) 30,393
Prepaid expenses and other assets 62 (1,708)
Accounts payable (29,834) 10,414
Income taxes payable (590) 4,450
Deferred revenues 828 (1,744)
Accrued and other liabilities (3,697) 23,766
Net cash provided by operating activities 67,682 41,984
Cash Flows from Investing Activities:    
Purchase of property and equipment and other long-term assets (3,025) (8,662)
Net cash used in investing activities (3,025) (8,662)
Cash Flows from Financing Activities:    
Payment of common stock cash dividends (36,268) (36,256)
Proceeds from exercise of stock options 0 23
Tax withholdings related to net share settlements of restricted stock units (313) (544)
Net cash used in financing activities (70,956) (33,027)
Net increase (decrease) in cash and cash equivalents (6,299) 295
Cash and cash equivalents at beginning of period 114,826 136,224
Cash and cash equivalents at end of period 108,527 136,519
Supplemental Disclosure of Cash Flow Information:    
Income taxes paid, net of refunds 19,861 13,780
Interest paid 21,687 6,738
Non-Cash Investing and Financing Activities:    
Right-of-use asset recognized 23 236
Unpaid property and equipment and other long-term assets 1,174 421
Revolving credit facility    
Cash Flows from Financing Activities:    
Proceeds from borrowing under the credit facility- Revolver 0 50,000
Repayments of debt (25,000) (40,000)
Term Loan    
Cash Flows from Financing Activities:    
Repayments of debt $ (9,375) $ (6,250)