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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 3,980 $ 2,389
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 340 487
Depreciation 775 543
Amortization of intangible assets 547 724
Gain on sale-leaseback transaction (3) (11)
Amortization of deferred financing costs 66 0
Derivative, Loss on Derivative 557  
Change in fair value of interest rate swap   0
Deferred income taxes 620 1,238
Change in operating assets and liabilities:    
Trade receivables (1,790) (3,738)
Inventories (3,700) (4,462)
Prepaid expenses and other assets 61 525
Accounts payable 5,430 9,184
Accrued expenses and other liabilities (1,332) 1,218
Net cash provided by operating activities 5,551 8,097
Investing activities:    
Purchases of property and equipment (1,287) (1,465)
Net cash used in investing activities (1,287) (1,465)
Financing activities:    
Principal payments on long-term borrowings (1,500) 0
Proceeds from issuance of Class A Common Stock in offerings, net of underwriting discounts 0 76,836
Purchase of units from existing LLC Unit holders 0 (76,836)
Payments of costs directly associated with offerings 0 (899)
Distributions to LLC Unit holders (188) (96)
Net cash used in financing activities (1,688) (995)
Effect of exchange rate changes on cash (104) 0
Changes in cash 2,472 5,637
Cash—Beginning of period 8,387 12,173
Cash—End of period 10,859 17,810
Supplemental cash flow information:    
Cash paid for interest 1,038 9
Cash paid for income taxes 1,112 236
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 142 38,499
Establishment of amounts payable under tax receivable agreements 118 34,028
Tax distributions payable to non-controlling LLC Unit holders 262 212
Equity issued to directors for services 63 63
Accrual for tax withholdings on vested restricted stock units $ 80 $ 0