XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 37,264 $ 27,910
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 24,042 24,177
Amortization of debt issuance costs 662 662
Stock-based compensation 1,129 1,694
Acquisition-related items 0 480
Deferred income taxes 18 (1,279)
Foreign currency (gains) losses, net (7,293) 676
Other 389 620
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net (8,410) 4,009
Inventories, net (8,091) 6,584
Other current assets 3,746 (1,841)
Other assets (1,019) (1,369)
Accounts payable (751) (4,159)
Accrued expenses and other liabilities 3,550 (2,693)
Net cash provided by operating activities 45,236 55,471
INVESTING ACTIVITIES    
Purchases of short-term investments (50,000) (55,000)
Maturities of short-term investments 61,000 24,000
Capital expenditures (22,226) (23,969)
Business acquisitions   (54,549)
Other, net (164) (1,339)
Net cash used by investing activities (11,390) (110,857)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 135,000 194,000
Revolving credit facility repayments (128,000) (144,000)
Payments of long-term debt and other (14,063) (9,486)
Dividends paid (14,569) (14,563)
Net cash provided (used) by financing activities (21,632) 25,951
Effect of exchange rate changes on cash 546 (1,390)
Net increase (decrease) in cash and cash equivalents 12,760 (30,825)
Cash and cash equivalents at beginning of period 36,343 57,573
Cash and cash equivalents at end of period $ 49,103 $ 26,748