XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 16,974 $ 15,432
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,471 7,217
Amortization of debt issue costs 96 96
Provision for doubtful accounts 1,678 4,157
Share-based compensation 2,471 2,769
Deferred income taxes 2,433 1,303
Finance lease interest 25 15
Changes in operating assets and liabilities:    
Accounts receivable 20,606 53,284
Inventories 9,524 99,630
Prepaid expenses and other assets (1,952) (7,743)
Other non-current assets 3,285 11,227
Accounts payable (17,002) (70,292)
Accrued expenses and other liabilities 744 (21,764)
Income taxes payable (1,523) (1,798)
Net cash provided by operating activities 44,830 93,533
Cash flows from investing activities:    
Capital expenditures (2,375) (2,315)
Cash paid for business acquisitions, net of cash acquired (56,849) 0
Net cash used in investing activities (59,224) (2,315)
Cash flows from financing activities:    
Borrowings on revolving credit, net of expenses 8,381 588,570
Repayments on revolving credit, net of expenses (8,430) (669,424)
Repayments on long-term debt (357) (938)
Repayments on finance lease obligation (275) (191)
Exercise of stock options 6,971 72
Taxes paid on settlement of equity awards (4,794) (1,582)
Common stock repurchased (28,126) 0
Net cash used in financing activities (26,630) (83,493)
Effect of exchange rate changes on cash and cash equivalents 608 (1,256)
(Decrease) increase in cash and cash equivalents (40,416) 6,469
Cash and cash equivalents at beginning of period 185,460 36,178
Cash and cash equivalents at end of period $ 145,044 $ 42,647