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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities      
Net income (loss) $ 36,473 $ 20,188 $ 67,914
Income (loss) from discontinued operations (2,070) (20,826) 19,628
Income from continuing operations 38,543 41,014 48,286
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 33,241 32,294 29,288
Stock-based compensation 8,368 7,026 4,350
Non-cash portion of restructuring charge (489) 386 (329)
Loss on sale of business 14,624 0 0
Gain from extinguishment of debt - PPP loan (713) 0 0
Deferred income taxes 836 5,635 (3,509)
Life insurance benefit 0 (1,302) 0
Increase/(decrease) in cash from changes in assets and liabilities, net of effects from discontinued operations and business acquisitions:      
Accounts receivables, net (5,542) 2,325 7,181
Inventories (7,717) (9,050) 7,203
Contributions to defined benefit plans (8,120) (4,040) (1,359)
Prepaid expenses and other assets (8,000) (10,960) (14,271)
Accounts payable 17,612 174 (2,074)
Accrued liabilities, pension and other liabilities 4,920 2,342 6,105
Income taxes payable (5,697) (11,167) (7,942)
Net cash provided by operating activities from continuing operations 81,866 54,677 72,929
Net cash provided by (used for) operating activities from discontinued operations 1,716 (7,435) 417
Net cash provided by operating activities 83,582 47,242 73,346
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (21,752) (21,521) (32,507)
Expenditures for acquisitions, net of cash acquired (27,406) (622) (127,924)
Expenditures for executive life insurance policies (243) (281) (377)
Proceeds from sale of business 11,678 0 0
Proceeds from sale of real estate and equipment 117 180 3,164
Other investing activity (1,485) 1,624 0
Net cash (used for) investing activities from continuing operations (39,091) (20,620) (157,644)
Net cash provided by investing activities from discontinued operations 0 20,003 107,973
Net cash provided by (used for) investing activities (39,091) (617) (49,671)
Cash Flows from Financing Activities      
Proceeds from borrowings 17,000 106,500 241,950
Payments of debt (17,000) (105,300) (237,150)
Contingent consideration payment (356) (872) (910)
Activity under share-based payment plans 1,273 1,738 1,129
Purchase of treasury stock (21,200) (10,437) (33,394)
Cash dividends paid (11,449) (10,606) (9,826)
Net cash (used for) financing activities (31,732) (18,977) (38,201)
Effect of exchange rate changes on cash 4,799 (1,984) (1,931)
Net change in cash and cash equivalents 17,558 25,664 (16,457)
Cash and cash equivalents at beginning of year 118,809 93,145 109,602
Cash and cash equivalents at end of year 136,367 118,809 93,145
Supplemental Disclosure of Cash Flow Information:      
Interest 4,904 6,324 9,471
Income taxes, net of refunds $ 17,185 $ 18,737 $ 23,969