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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 2,515 $ 16,314
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 7,781 6,691
Amortization of debt issuance costs and debt discount 221 221
Stock-based compensation 565 565
Acquisition-related cost of goods sold 280  
Acquisition-related accrued interest 53 0
Deferred income taxes (652) (473)
Foreign currency (gains) losses, net 1,660 (2,981)
Other 116 266
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net 14,065 (85)
Inventories, net (9,086) (9,504)
Other current assets (813) (3,654)
Other assets (1,071) 371
Accounts payable (11,834) 2,794
Accrued expenses and other liabilities (7,370) (9,245)
Net cash provided (used) by operating activities (3,570) 1,280
INVESTING ACTIVITIES    
Capital expenditures (7,675) (6,049)
Business acquisitions (54,560) (9,838)
Other, net (296) (262)
Net cash provided (used) by investing activities (62,531) (16,149)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 119,000 71,000
Revolving credit facility repayments (47,000) (56,000)
Payments of long-term debt and other (3,215) (3,215)
Issuance of acquisition note payable   3,775
Proceeds from common shares issued   211
Dividends paid (4,854) (4,037)
Net cash provided (used) by financing activities 63,931 11,734
Effect of exchange rate changes on cash (510) (173)
Net increase (decrease) in cash and cash equivalents (2,680) (3,308)
Cash and cash equivalents at beginning of period 57,573 29,168
Cash and cash equivalents at end of period $ 54,893 $ 25,860