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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 16,314 $ 15,892
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 6,691 6,644
Amortization of debt issuance costs and debt discount 221 221
Stock-based compensation 565  
Acquisition-related cost of goods sold   249
Acquisition-related accrued compensation   437
Acquisition-related accrued interest   253
Deferred income taxes (473) 770
Foreign currency (gains) losses, net (2,981) 345
Other 266 213
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net (85) (8,386)
Inventories, net (9,504) (5,196)
Other current assets (3,654) (4,458)
Other assets 371 332
Accounts payable 2,794 3,652
Accrued expenses and other liabilities (9,245) (6,165)
Net cash provided (used) by operating activities 1,280 4,803
INVESTING ACTIVITIES    
Capital expenditures (6,049) (4,998)
Business acquisitions (9,838) (11,562)
Other, net (262) (272)
Net cash provided (used) by investing activities (16,149) (16,832)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 71,000 61,870
Revolving credit facility repayments (56,000) (41,870)
Payments of long-term debt, capital leases and other (3,215) (1,652)
Issuance of acquisition note payable 3,775  
Proceeds from common shares issued 211 3,486
Dividends paid (4,037) (3,989)
Net cash provided (used) by financing activities 11,734 17,845
Effect of exchange rate changes on cash (173) 198
Net increase (decrease) in cash and cash equivalents (3,308) 6,014
Cash and cash equivalents at beginning of period 29,168 56,083
Cash and cash equivalents at end of period $ 25,860 $ 62,097