XML 26 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:      
Net income $ 89,809 $ 88,798 $ 10,795
Net income (loss) from discontinued operations 1,717 100 (34,594)
Net income from continuing operations 88,092 88,698 45,389
Adjustments to reconcile net income to net cash (used in) provided by operating activities of continuing operations:      
Depreciation and amortization 28,614 29,884 33,507
Amortization of debt issue costs 577 417 417
Provision for doubtful accounts 2,785 1,514 338
Share-based compensation 11,219 11,663 8,039
Deferred income taxes (1,496) 5,737 2,916
Change in fair value of contingent consideration 0 0 516
Contingent consideration payments excess 0 0 (5,457)
Finance lease interest 44 34 119
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (17,368) (165,939) (118,859)
Inventories (138,313) (145,962) (12,301)
Prepaid expenses and other assets 32,653 (27,371) (18,753)
Other non-current assets (7,582) 1,123 9,948
Accounts payable (30,656) 82,969 175,120
Accrued expenses and other liabilities (14,195) (4,869) (493)
Income taxes payable 9,857 (2,252) (3,679)
Net cash (used in) provided by operating activities of continuing operations (35,769) (124,354) 116,767
Cash flows from investing activities of continuing operations:      
Capital expenditures (9,979) (6,849) (2,363)
Cash received for business disposal 1,717 3,125 34,356
Net cash (used in) provided by investing activities of continuing operations (8,262) (3,724) 31,993
Cash flows from financing activities of continuing operations:      
Borrowings on revolving credit, net of expenses 2,499,166 2,166,409 1,881,679
Repayments on revolving credit, net of expenses (2,456,025) (2,030,569) (1,949,392)
Debt issuance costs (1,407) 0 0
Borrowings (repayments) on long-term debt, net 15,590 (7,843) (7,839)
Repayments of finance lease obligations (589) (1,238) (1,294)
Contingent consideration payments 0 0 (41,393)
Exercise of stock options 910 2,304 451
Taxes paid on settlement of equity awards (2,463) (2,754) (1,036)
Repurchase of common stock (15,651) (18,203) 0
Net cash provided by (used in) financing activities of continuing operations 39,531 108,106 (118,824)
Cash flows from discontinued operations:      
Net cash flows provided by operating activities of discontinued operations 0 0 24,173
Net cash flows used in investing activities of discontinued operations 0 0 (58)
Net cash flows used in financing activities of discontinued operations 0 0 (29,494)
Net cash flows used in by discontinued operations 0 0 (5,379)
Effect of exchange rate changes on cash and cash equivalents 2,691 (4,759) 3,706
(Decrease) increase in cash and cash equivalents (1,809) (24,731) 28,263
Cash and cash equivalents at beginning of period 37,987 62,718 34,455
Cash and cash equivalents at end of period 36,178 37,987 62,718
Cash and cash equivalents of discontinued operations 0 0 0
Cash and cash equivalents of continuing operations 36,178 37,987 62,718
Supplemental disclosure of consolidated cash flow information:      
Interest paid during the year 18,789 6,066 6,412
Income taxes paid during the year $ 28,547 $ 29,418 $ 12,002