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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 41,688 $ 37,264
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,300 24,042
Amortization of debt issuance costs 442 662
Stock-based compensation 0 1,129
Acquisition-related items 78  
Deferred income taxes (120) 18
Foreign currency (gains), net (13,492) (7,293)
(Gain) on sale of investment (1,203)  
Other 284 389
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable, net (10,815) (8,410)
Inventories, net (30,548) (8,091)
Other current assets (1,879) 3,746
Other assets (2,364) (1,019)
Accounts payable 19,961 (751)
Accrued expenses and other liabilities 3,743 3,550
Net cash provided by operating activities 30,075 45,236
INVESTING ACTIVITIES    
Purchases of short-term investments (54,100) (50,000)
Maturities of short-term investments 75,000 61,000
Capital expenditures (25,154) (22,226)
Business acquisition (10,786)  
Sale of investment 1,353  
Other, net 645 (164)
Net cash used by investing activities (13,042) (11,390)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 215,000 135,000
Revolving credit facility repayments (186,000) (128,000)
Payments of long-term debt and other (5,625) (14,063)
Dividends paid (14,581) (14,569)
Payment of contingent consideration (4,840)  
Net cash provided (used) by financing activities 3,954 (21,632)
Effect of exchange rate changes on cash (451) 546
Net increase in cash and cash equivalents 20,536 12,760
Cash and cash equivalents at beginning of period 50,212 36,343
Cash and cash equivalents at end of period $ 70,748 $ 49,103