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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:      
Net income $ 57,597 $ 33,153 $ 69,246
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 36,618 37,495 24,968
Amortization of debt issue costs 350 326 290
Provision for doubtful accounts 2,282 7,075 8,901
Share-based compensation 6,122 6,459 6,602
Deferred income taxes (2,900) (22,286) (1,861)
Excess tax benefits from share-based payment arrangements 0 0 (89)
Change in fair value of contingent consideration 15,200 37,043 5,211
Contingent consideration payments excess (10,190) (3,066) 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (12,598) (38,268) (62,731)
Inventories (104,594) (59,498) 28,449
Prepaid expenses and other assets (5,203) (14,864) (7,698)
Other noncurrent assets (678) (6,361) (9,540)
Accounts payable (2,730) 44,464 19,861
Accrued expenses and other liabilities 2,703 (11,540) 8,491
Income taxes payable (9,106) 14,673 4,776
Net cash (used in) provided by operating activities (27,127) 24,805 94,876
Cash flows from investing activities:      
Capital expenditures (7,215) (8,159) (8,849)
Cash paid for business acquisitions, net of cash acquired (32,161) (143,768) (83,804)
Payments for acquisition of intangible assets 0 0 (3,583)
Net cash used in investing activities (39,376) (151,927) (96,236)
Cash flows from financing activities:      
Short-term borrowings, net 4,558 0 0
Borrowings on revolving credit, net of expenses 2,072,279 2,301,443 1,813,062
Repayments on revolving credit, net of expenses (2,115,530) (2,149,659) (1,792,620)
Borrowings on long-term debt, net 149,670 0 0
Repayments of capital lease obligations (662) (591) (246)
Debt issuance costs (1,096) (296) (876)
Contingent consideration payments (35,606) (50,959) (10,241)
Exercise of stock options 1,509 2,273 9,969
Taxes paid on settlement of equity awards (1,406) (1,637) (1,761)
Repurchase of common stock (9,483) 0 (20,882)
Excess tax benefits from share-based payment arrangements 0 0 89
Net cash provided by (used in) financing activities 64,233 100,574 (3,506)
Effect of exchange rate changes on cash and cash equivalents 558 (4,016) (440)
Decrease in cash and cash equivalents (1,712) (30,564) (5,306)
Cash and cash equivalents at beginning of period 25,530 56,094 61,400
Cash and cash equivalents at end of period 23,818 25,530 56,094
Supplemental disclosure of cash flow information:      
Interest paid during the year 13,078 8,544 2,831
Income taxes paid during the year $ 33,061 $ 38,330 $ 31,126