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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 17,626,000 $ 20,809,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 1,410,000 1,070,000
Non-cash compensation to directors 622,000 562,000
Depreciation 5,102,000 3,044,000
Amortization of intangible assets 3,903,000 1,649,000
Gain on sale-leaseback transaction (8,000) (8,000)
Amortization of deferred financing costs 1,138,000 183,000
Change in fair value of interest rate swap (341,000) (941,000)
Deferred income taxes 48,436,000 3,495,000
Non-cash litigation payable 0 1,330,000
Adjustment to tax receivable agreement liability (27,702,000) 0
Gain on sale of equipment 0 4,000
Change in operating assets and liabilities, net of effects of acquisitions:    
Trade receivables (9,485,000) (28,000)
Inventories (5,625,000) (6,879,000)
Prepaid expenses and other assets (1,455,000) 510,000
Accounts payable 6,839,000 2,625,000
Income taxes receivable and payable 2,846,000 2,129,000
Accrued expenses and other liabilities 3,664,000 3,754,000
Net cash provided by operating activities 46,970,000 30,648,000
Investing activities:    
Purchases of property, plant and equipment (8,146,000) (6,983,000)
Proceeds from sale or disposal of property, plant and equipment 0 16,000
Payment for acquisition, net of cash acquired (125,552,000) 0
Net cash used in investing activities (133,698,000) (6,967,000)
Financing activities:    
Principal payments on long-term borrowings (50,000,000) (16,117,000)
Proceeds from long-term borrowings 105,000,000 0
Payment of deferred financing costs (1,148,000) 0
Proceeds from issuance of Class A Common Stock in offering, net of underwriting discounts 55,317,000 0
Cash paid for withholding taxes on vested restricted stock (650,000) 0
Cash paid for withholding taxes on vested restricted stock (543,000) (167,000)
Distributions to LLC Unit holders (940,000) (1,029,000)
Net cash provided by (used in) financing activities 107,036,000 (17,313,000)
Effect of exchange rate changes on cash 26,000 6,000
Changes in cash 20,334,000 6,374,000
Cash—Beginning of period 32,822,000 25,921,000
Cash—End of period 53,156,000 32,295,000
Supplemental cash flow information:    
Cash paid for interest 3,130,000 1,704,000
Cash paid for income taxes 4,185,000 3,666,000
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 2,734,000 1,440,000
Establishment of amounts payable under tax receivable agreements 1,484,000 1,222,000
Exchange of LLC Units by LLC Unit holders for Class A common stock 806,000 478,000
Tax distributions payable to non-controlling LLC Unit holders 686,000 520,000
Capital expenditures in accounts payable $ 640,000 $ 202,000