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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 22,896 $ 34,303
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,889 18,203
Amortization of debt issuance costs 209 168
Provision for doubtful accounts 2,800 2,187
Share-based compensation 2,849 2,907
Deferred income taxes (332) 1,835
Change in fair value of contingent consideration 5,649 6,434
Contingent consideration payments excess (3,050) (7,444)
Finance lease interest 39 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 6,595 (30,818)
Inventories (48,559) (110,909)
Prepaid expenses and other assets (7,001) 914
Other non-current assets (7,919) 1,849
Accounts payable 113,591 43,853
Accrued expenses and other liabilities 15,379 (3,993)
Income taxes payable (3,975) (11,259)
Net cash provided by (used in) operating activities 118,060 (51,770)
Cash flows from investing activities:    
Capital expenditures (2,750) (5,780)
Cash paid for business acquisitions, net of cash acquired (48,921) (32,183)
Net cash used in investing activities (51,671) (37,963)
Cash flows from financing activities:    
Borrowings on revolving credit 1,084,158 1,126,333
Repayments on revolving credit (1,084,138) (1,003,022)
Repayments on short-term borrowings, net (2,450) 0
Repayments on long-term debt (2,210) (331)
Repayments of finance lease obligations (1,115)  
Repayments of finance lease obligations   (330)
Contingent consideration payments (35,481) (35,616)
Exercise and issuance of equity awards 720 1,509
Taxes paid on settlement of equity awards (1,354) (1,404)
Repurchase of common stock (6,077) (308)
Net cash (used in) provided by financing activities (47,947) 86,831
Effect of exchange rate changes on cash and cash equivalents (255) 121
Increase (decrease) in cash and cash equivalents 18,187 (2,781)
Cash and cash equivalents at beginning of period 23,818 25,530
Cash and cash equivalents at end of period $ 42,005 $ 22,749