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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities      
Net income $ 138,992 $ 61,393 $ 36,473
Income (loss) from discontinued operations (161) (89) (2,070)
Income from continuing operations 139,153 61,482 38,543
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 28,474 29,697 33,241
Stock-based compensation 11,710 11,168 8,368
Gain on sale of real estate and equipment (199) (456) 0
Non-cash portion of restructuring charge (444) 1,691 (489)
(Gain) loss on sale of business (62,105) 0 14,624
Gain from extinguishment of debt - PPP loan 0 0 (713)
Deferred income taxes (7,125) (1,967) 836
Life insurance benefit 0 (193) 0
Contributions to defined benefit plans (451) (535) (8,120)
Increase/(decrease) in cash from changes in assets and liabilities, net of effects from discontinued operations and business acquisitions:      
Accounts receivables, net (9,643) (11,571) (5,542)
Inventories (912) (18,183) (7,717)
Prepaid expenses and other assets (5,962) (9,072) (8,000)
Accounts payable (3,145) 6,132 17,612
Accrued liabilities, pension and other liabilities (5,470) 2,206 4,920
Income taxes payable 6,887 7,738 (5,697)
Net cash provided by operating activities from continuing operations 90,768 78,137 81,866
Net cash provided by (used for) operating activities from discontinued operations 33 (421) 1,716
Net cash provided by operating activities 90,801 77,716 83,582
Cash Flows from Investing Activities      
Expenditures for property, plant and equipment (24,270) (23,891) (21,752)
Expenditures for acquisitions, net of cash acquired 0 (12,978) (27,406)
Expenditures for executive life insurance policies (278) (248) (243)
Proceeds from sale of business 67,023 0 11,678
Proceeds from sale of real estate and equipment 1,742 1,820 117
Proceeds withdrawn from life insurance policies 0 4,974 0
Other investing activity (2,654) (721) (1,485)
Net cash provided by (used for) investing activities from continuing operations 41,563 (31,044) (39,091)
Net cash provided by investing activities from discontinued operations 0 0 0
Net cash (used for) investing activities 41,563 (31,044) (39,091)
Cash Flows from Financing Activities      
Proceeds from borrowings 224,500 0 17,000
Payments of debt (226,200) (25,000) (17,000)
Contingent consideration payment (1,167) (2,167) (356)
Activity under share-based payment plans 1,341 1,415 1,273
Purchase of treasury stock (25,527) (31,425) (21,200)
Cash dividends paid (12,985) (12,249) (11,449)
Net cash (used for) financing activities (40,038) (69,426) (31,732)
Effect of exchange rate changes on cash (1,464) (8,769) 4,799
Net change in cash and cash equivalents 90,862 (31,523) 17,558
Cash and cash equivalents at beginning of year 104,844 136,367 118,809
Cash and cash equivalents at end of year 195,706 104,844 136,367
Supplemental Disclosure of Cash Flow Information:      
Interest 4,232 4,745 4,904
Income taxes, net of refunds $ 26,197 $ 17,987 $ 17,185