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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 15,432 $ 24,042
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,217 7,228
Amortization of debt issue costs 96 289
Provision for doubtful accounts 4,157 125
Share-based compensation 2,769 2,316
Deferred income taxes 1,303 2,274
Finance lease interest 15 2
Changes in operating assets and liabilities:    
Accounts receivable 53,284 (18,799)
Inventories 99,630 (62,192)
Prepaid expenses and other assets (7,743) 14,690
Other non-current assets 11,227 (9,469)
Accounts payable (70,292) (1,053)
Accrued expenses and other liabilities (21,764) (13,168)
Income taxes payable (1,798) 5,256
Net cash provided by (used in) operating activities 93,533 (48,459)
Cash flows from investing activities:    
Capital expenditures (2,315) (684)
Net cash used in investing activities (2,315) (684)
Cash flows from financing activities:    
Borrowings on revolving credit, net of expenses 588,570 579,011
Repayments on revolving credit, net of expenses (669,424) (542,147)
(Repayments) borrowings on long-term debt, net (938) 18,402
Repayments on finance lease obligation (191) (303)
Debt issuance costs 0 (1,407)
Exercise of stock options 72 10
Taxes paid on settlement of equity awards (1,582) (596)
Net cash (used in) provided by financing activities (83,493) 52,970
Effect of exchange rate changes on cash and cash equivalents (1,256) (1,342)
Increase in cash and cash equivalents 6,469 2,485
Cash and cash equivalents at beginning of period 36,178 37,987
Cash and cash equivalents at end of period $ 42,647 $ 40,472