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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES      
Net income $ 33,552 $ 54,713 $ 64,883
Adjustments to reconcile net income to net cash provided (used) by operating activities:      
Depreciation and amortization 32,341 27,564 26,943
Amortization of debt issuance costs 882 882 883
Stock-based compensation 2,259 2,259 334
Acquisition-related items (2,433) 0 3,908
Deferred income taxes 8,125 (105) 6,389
Foreign currency (gains) losses, net (2,540) (1,899) (635)
Other 818 (302) 1,181
Changes in operating assets and liabilities, net of business acquisitions:      
Accounts receivable, net 28,713 (23,679) (11,900)
Inventories, net (12,930) (20,982) (24,292)
Other current assets (11,137) (7,173) 134
Other assets (2,121) (299) (152)
Accounts payable (7,672) 12,092 2,446
Accrued expenses and other liabilities (8,509) 4,098 (114)
Net cash provided by operating activities 59,348 47,169 70,008
INVESTING ACTIVITIES      
Purchases of short-term investments (80,000) (34,000) (82,000)
Maturities of short-term investments 49,000 60,000 32,000
Capital expenditures (34,045) (29,891) (18,548)
Business acquisitions (54,549) (9,838) (15,000)
Other, net (796) (404) (1,064)
Net cash (used) by investing activities (120,390) (14,133) (84,612)
FINANCING ACTIVITIES      
Revolving credit facility borrowings 243,000 213,000 225,000
Revolving credit facility repayments (170,000) (187,000) (220,000)
Payments of long-term debt and other (12,646) (12,649) (6,401)
Issuance of acquisition note payable   3,775  
Payment of acquisition note payable   (3,775)  
Proceeds from common stock issued   1,134 5,699
Dividends paid (19,418) (18,592) (16,073)
Net cash provided (used) by financing activities 40,936 (4,107) (11,775)
Effect of exchange rate changes on cash (1,124) (524) (536)
Net increase (decrease) in cash and cash equivalents (21,230) 28,405 (26,915)
Cash and cash equivalents at beginning of period 57,573 29,168 56,083
Cash and cash equivalents at end of period 36,343 57,573 29,168
Supplemental cash flow information      
Interest paid, net 11,577 12,250 11,208
Income taxes paid, net 20,866 16,215 15,191
Non-cash investing and financing activities      
Property, plant and equipment $ 4,353 $ 2,890 $ 8,449