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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net income $ 42,345 $ 19,469
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,245 22,883
Loss on sales of assets 28 38
Deferred income tax and other deferred charges (3,682) 5
Deferred tax valuation allowance (320) 356
Stock-based compensation 2,767 3,123
Other, net (48) (210)
Change in operating assets and liabilities:    
Receivables (22,986) 33,614
Contract assets 17,179 (17,545)
Inventories 37,635 4,469
Prepaid expenses and other assets (6,603) (2,495)
Accounts payable 7,431 (4,314)
Accrued expenses and taxes payable 4,764 (8,075)
Net cash provided by operating activities 103,755 51,318
Cash Flows From Investing Activities:    
Capital expenditures (22,704) (27,533)
Proceeds from sales of assets 391 98
Purchases of capitalized software (702) (235)
Other, net 43 68
Net cash used for investing activities (22,972) (27,602)
Cash Flows From Financing Activities:    
Payments on credit facilities (34,500) 0
Net change in revolving credit facilities (23,419) (3,683)
Settlements on previous year acquisition 2,957 0
Repurchases of common stock (2,996) (8,794)
Payments related to tax withholding for stock-based compensation (771) (1,012)
Net cash used for financing activities (58,729) (13,489)
Effect of Exchange Rate Change on Cash and Cash Equivalents 2,607 (1,191)
Net Increase in Cash and Cash Equivalents 24,661 9,036
Cash and Cash Equivalents at Beginning of Period 64,990 49,276
Cash and Cash Equivalents at End of Period 89,651 58,312
Cash paid during the period for:    
Income taxes 10,818 7,924
Interest expense $ 2,197 $ 3,736