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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 12,879 $ 11,235
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions:    
Depreciation and amortization 9,568 9,541
Stock-based compensation expense 7,089 7,177
Recovery of losses on accounts receivable (433) (1,675)
Deferred income taxes 208 121
Amortization of debt discount and issuance costs   196
Other 42 7
Changes in operating assets and liabilities-net of business acquisitions:    
Accounts receivable 55,868 (5,376)
Inventories (82,035) (29,966)
Prepaid expenses and other assets (7,605) (8,587)
Accounts payable 25,851 20,000
Accrued payroll and related expenses (6,606) (10,987)
Advances from customers 10,770 10,133
Deferred revenue (7,142) 19,231
Other (1,310) (3,808)
Net cash provided by operating activities 17,144 17,242
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of property and equipment (5,239) (3,281)
Proceeds from sale of property and equipment 44 92
Purchases of certificates of deposit (2,068) (73)
Proceeds from maturities of certificates of deposit 1,839  
Acquisition of businesses, net of cash acquired   (1,871)
Payments for intangible and other assets (4,154) (3,944)
Net cash used in investing activities (9,578) (9,077)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings on bank lines of credit 20,000 155,000
Proceeds from long-term debt 394 100,307
Payments on long-term debt (2,073) (242,479)
Proceeds from exercise of stock options and employee stock purchase plan 2,451 2,163
Payments of contingent consideration (383) (415)
Repurchases of common stock   (17,287)
Taxes paid related to net share settlement of equity awards (22,239) (11,140)
Net cash used in financing activities (1,850) (13,851)
Effect of exchange rate changes on cash 125 (4,526)
Net change in cash and cash equivalents 5,841 (10,212)
Cash and cash equivalents-beginning of period 76,750 64,202
Cash and cash equivalents-end of period 82,591 53,990
Supplemental disclosure of cash flow information:    
Interest 5,455 3,856
Income taxes $ 6,795 $ 7,235