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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 12,015 $ 6,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 476 362
Non-cash compensation to directors 71 62
Depreciation and amortization 3,143 3,038
Amortization of deferred financing costs 94 952
Deferred income taxes 1,032 (2,199)
Adjustment to tax receivable agreement liability 0 2,615
Other items, net (100) (34)
Change in operating assets and liabilities, net of effects of acquisitions:    
Trade receivables 1,771 (5,168)
Inventories (8,599) (4,514)
Prepaid expenses and other assets (325) (1,436)
Accounts payable 3,839 5,223
Income taxes receivable and payable 1,250 1,758
Accrued expenses and other liabilities (1,483) (2,057)
Net cash provided by operating activities 13,184 5,016
Investing activities:    
Purchases of property, plant and equipment (2,190) (1,830)
Payment for acquisition, net of cash acquired 0 (125,552)
Net cash used in investing activities (2,190) (127,382)
Financing activities:    
Principal payments on long-term borrowings 0 (50,000)
Proceeds from long-term borrowings 0 105,000
Payment of deferred financing costs 0 (1,148)
Proceeds from issuance of Class A Common Stock in offering, net of underwriting discounts 0 55,317
Payments of costs directly associated with offering 0 (650)
Proceeds received from exercise of stock option 672 0
Cash paid for withholding taxes on vested restricted stock (526) (231)
Distributions to LLC Unit holders (556) (345)
Net cash (used in) provided by financing activities (410) 107,943
Effect of exchange rate changes on cash (38) 25
Changes in cash 10,546 (14,398)
Cash—Beginning of period 61,623 32,822
Cash—End of period 72,169 18,424
Supplemental cash flow information:    
Cash paid for interest 1,153 998
Cash paid for income taxes 1,016 52
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 3,138 142
Establishment of amounts payable under tax receivable agreements 2,553 119
Exchange of LLC Units by LLC Unit holders for Class A common stock 1,047 23
Tax distributions payable to non-controlling LLC Unit holders 354 290
Capital expenditures in accounts payable $ 368 $ 439