XML 32 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES      
Net income $ 54,713 $ 64,883 $ 64,615
Adjustments to reconcile net income to net cash provided (used) by operating activities:      
Depreciation and amortization 27,564 26,943 26,001
Amortization of debt issuance costs and debt discount 882 883 1,015
Stock-based compensation 2,259 334 0
Acquisition-related items 0 3,908 2,081
Pension settlement cost 0 0 1,702
Deferred income taxes (105) 6,389 (28)
Foreign currency (gains) losses, net (1,899) (635) (867)
Other (302) 1,181 765
Loss on extinguishment of debt 0 0 2,598
Changes in operating assets and liabilities, net of business acquisitions:      
Accounts receivable, net (23,679) (11,900) (2,765)
Inventories, net (20,982) (24,292) 5,432
Other current assets (7,173) 134 (3,012)
Other assets (299) (152) (1,504)
Accounts payable 12,092 2,446 (3,119)
Accrued expenses and other liabilities 4,098 (114) 5,471
Net cash provided by operating activities 47,169 70,008 98,385
INVESTING ACTIVITIES      
Purchases of short-term investments (34,000) (82,000)  
Maturities of short-term investments 60,000 32,000  
Capital expenditures (29,891) (18,548) (20,880)
Business acquisitions (9,838) (15,000)  
Other, net (404) (1,064) (1,062)
Net cash used by investing activities (14,133) (84,612) (21,942)
FINANCING ACTIVITIES      
Revolving credit facility borrowings 213,000 225,000 230,500
Revolving credit facility repayments (187,000) (220,000) (234,500)
Proceeds from long-term debt     250,000
Payments of long-term debt, capital leases and other (12,649) (6,401) (285,527)
Issuance of acquisition note payable 3,775    
Payment of acquisition note payable (3,775)    
Debt issuance costs     (3,925)
Proceeds from common shares issued 1,134 5,699 5,541
Dividends paid (18,592) (16,073) (15,827)
Net cash used by financing activities (4,107) (11,775) (53,738)
Effect of exchange rate changes on cash (524) (536) (227)
Net increase (decrease) in cash and cash equivalents 28,405 (26,915) 22,478
Cash and cash equivalents at beginning of period 29,168 56,083 33,605
Cash and cash equivalents at end of period 57,573 29,168 56,083
Supplemental cash flow information      
Interest paid 12,250 11,208 14,600
Income taxes paid, net 16,215 15,191 14,762
Non-cash investing and financing activities      
Property, plant and equipment and capital lease additions $ 2,890 $ 8,449 $ 1,550