XML 46 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 61,287 $ 48,135
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions:    
Depreciation and amortization 37,807 42,401
Stock-based compensation expense 18,097 19,514
Deferred income taxes (50) (3,220)
Amortization of debt discount and issuance costs 6,984 6,733
Other 2,778 1,617
Changes in operating assets and liabilities-net of business acquisitions:    
Accounts receivable (23,945) (5,967)
Inventories 31,094 16,232
Prepaid expenses and other assets (17,092) (6,620)
Accounts payable 10,243 (20,265)
Accrued payroll and related expenses (5,655) (4,008)
Advances from customers (9,846) 4,258
Other (6,149) (11,066)
Net cash provided by operating activities 105,553 87,744
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of property and equipment (16,062) (20,905)
Acquisition of businesses, net of cash acquired (3,521) (18,271)
Acquisition of intangible and other assets (8,764) (1,657)
Net cash used in investing activities (28,347) (40,833)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings on bank lines of credit 7,000 11,000
Proceeds from long-term debt 592 1,019
Payments on long-term debt (723) (1,880)
Proceeds from exercise of stock options and employee stock purchase plan 8,398 6,165
Payments of contingent consideration (5,265) (4,797)
Repurchases of common stock (51,775) (21,029)
Taxes paid related to net share settlement of equity awards (26,761) (13,741)
Net cash used in financing activities (68,534) (23,263)
Effect of exchange rate changes on cash (3,962) (813)
Net change in cash and cash equivalents 4,710 22,835
Cash and cash equivalents-beginning of period 96,316 84,814
Cash and cash equivalents-end of period 101,026 107,649
Cash paid, net during the period for:    
Interest 6,773 9,394
Income taxes $ 16,141 $ 28,233