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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 20,809 $ 16,205
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 1,070 1,464
Depreciation 3,044 2,449
Amortization of intangible assets 1,649 1,637
Gain on sale-leaseback transaction (8) (9)
Amortization of deferred financing costs 183 184
Change in fair value of interest rate swap (941) 685
Deferred income taxes 3,495 3,664
Non-cash litigation payable (1,330) 0
Loss (gain) on sale of equipment 4 (28)
Change in operating assets and liabilities:    
Trade receivables (28) (7,017)
Inventories (6,879) (3,602)
Prepaid expenses and other assets 884 (1,204)
Accounts payable 2,625 9,514
Income taxes receivable and payable 2,129 (690)
Accrued expenses and other liabilities 3,942 (958)
Net cash provided by operating activities 30,648 22,294
Investing activities:    
Purchases of property and equipment (6,983) (5,430)
Proceeds from sale or disposal of property, plant and equipment 16 78
Net cash used in investing activities (6,967) (5,352)
Financing activities:    
Principal payments on long-term borrowings (16,117) (4,500)
Cash paid for withholding taxes on vested restricted stock (167) 0
Distributions to LLC Unit holders (1,029) (911)
Repurchase and retirement of common stock 0 (807)
Net cash used in financing activities (17,313) (6,218)
Effect of exchange rate changes on cash 6 (43)
Changes in cash 6,374 10,681
Cash—Beginning of period 25,921 8,387
Cash—End of period 32,295 19,068
Supplemental cash flow information:    
Cash paid for interest 1,704 2,436
Cash paid for income taxes 3,666 6,199
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 1,440 142
Establishment of amounts payable under tax receivable agreements 1,222 118
Exchange of LLC Units by LLC Unit holders for Class A common stock 2,789 39
Tax distributions payable to non-controlling LLC Unit holders 520 434
Equity issued to directors for services 688 688
Capital expenditures in accounts payable $ 202 $ 35