XML 47 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 14,515 $ 18,912
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 15,615 14,277
Amortization of deferred financing costs 798 1,066
Amortization of imputed interest and debt discount 384 336
Deferred income taxes 661 (8,870)
Foreign currency (gains) losses, net 1,550 518
Other (374) (1,280)
Changes in operating assets and liabilities:    
Accounts receivable (8,769) 3,179
Inventories (3,802) (20,360)
Prepaid expenses and other current assets (1,168) (4,633)
Other assets (1,420) (535)
Accounts payable 2,752 (5,506)
Accrued expenses and other liabilities (4,112) (5,549)
Net cash provided (used) by operating activities 16,630 (8,445)
INVESTING ACTIVITIES    
Capital expenditures (14,248) (14,203)
Business acquisition   (18,692)
Sales of assets 110 1,116
Net cash provided (used) by investing activities (14,138) (31,779)
FINANCING ACTIVITIES    
Borrowings under the domestic senior credit facility 145,000 60,000
Repayments of the domestic senior credit facility (136,500) (37,000)
Payments of long-term debt, capital leases and other (2,040) (5,174)
Dividend paid to common shareholders (25,000) (3,000)
Net cash provided (used) by financing activities (18,540) 14,826
Effect of exchange rate changes on cash (342) (228)
Net increase (decrease) in cash and cash equivalents (16,390) (25,626)
Cash and cash equivalents at beginning of period 27,369 53,900
Cash and cash equivalents at end of period 10,979 28,274
Supplemental cash flow information    
Interest paid 32,088 32,295
Income taxes paid, net 4,923 6,168
Non-cash investing and financing activities    
Capital improvements 1,315  
Business acquisition   4,550
Capital lease additions $ 29 $ 103