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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net income $ 34,280 $ 27,013
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 1,490 1,131
Non-cash compensation to directors 415 421
Depreciation 6,102 4,358
Amortization 3,121 2,818
Deferred income taxes 2,794 2,617
Other items, net 1,034 217
Change in operating assets and liabilities:    
Trade receivables 12,125 11,231
Inventories (9,022) (16,073)
Prepaid expenses and other assets (675) (2,006)
Accounts payable 1,155 2,169
Income taxes payable (1,234) (2,112)
Accrued expenses 1,668 3,694
Other liabilities (744) 134
Net cash provided by operating activities 52,509 35,612
Investing activities:    
Purchases of property, plant and equipment (19,313) (6,837)
Payment for acquisition, net of cash acquired 0 (100,073)
Net cash used in investing activities (19,313) (106,910)
Financing activities:    
Proceeds from revolving credit facility 0 50,000
Payments on revolving credit facility (20,000) (15,000)
Proceeds received from exercise of stock option 0 749
Cash paid for withholding taxes on vested restricted stock (811) (1,186)
Distributions to LLC Unit holders (969) (909)
Repurchase and retirement of common stock (11,123) 0
Net cash (used in) provided by in financing activities (32,903) 33,654
Effect of exchange rate changes on cash 22 (76)
Changes in cash 315 (37,720)
Cash—Beginning of period 27,392 61,623
Cash—End of period 27,707 23,903
Supplemental cash flow information:    
Cash paid for interest 2,133 2,361
Cash paid for income taxes $ 7,300 $ 6,628