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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 6,414 $ 4,226
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 362 465
Non-cash compensation to directors 62 63
Depreciation 1,730 968
Amortization of intangible assets 1,308 550
Gain on sale-leaseback transaction (3) (3)
Amortization of deferred financing costs 952 61
Change in fair value of interest rate swap (31) (245)
Deferred income taxes (2,199) 929
Adjustment to tax receivable agreement liability 2,615 0
Gain on sale of equipment 0 (16)
Change in operating assets and liabilities, net of effects of acquisitions:    
Trade receivables (5,168) (899)
Inventories (4,514) (3,834)
Prepaid expenses and other assets (1,436) 440
Accounts payable 5,223 2,183
Income taxes receivable and payable 1,758 765
Accrued expenses and other liabilities (2,057) 1,004
Net cash provided by operating activities 5,016 6,657
Investing activities:    
Purchases of property, plant and equipment (1,830) (860)
Proceeds from sale or disposal of property, plant and equipment 0 16
Payment for acquisition, net of cash acquired (125,552) 0
Net cash used in investing activities (127,382) (844)
Financing activities:    
Principal payments on long-term borrowings (50,000) (15,000)
Proceeds from long-term borrowings 105,000 0
Payment of deferred financing costs (1,148) 0
Proceeds from issuance of Class A Common Stock in offering, net of underwriting discounts 55,317 0
Cash paid for withholding taxes on vested restricted stock (650) 0
Cash paid for withholding taxes on vested restricted stock (231) (108)
Distributions to LLC Unit holders (345) (341)
Net cash provided by (used in) financing activities 107,943 (15,449)
Effect of exchange rate changes on cash 25 8
Changes in cash (14,398) (9,628)
Cash—Beginning of period 32,822 25,921
Cash—End of period 18,424 16,293
Supplemental cash flow information:    
Cash paid for interest 998 646
Cash paid for income taxes 52 401
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 142 0
Establishment of amounts payable under tax receivable agreements 119 0
Exchange of LLC Units by LLC Unit holders for Class A common stock 23 0
Tax distributions payable to non-controlling LLC Unit holders 290 242
Capital expenditures in accounts payable $ 439 $ 47