XML 68 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2020
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2020
Mar. 31, 2019
Jun. 30, 2019
Operating activities:              
Net income $ 23,866 $ 16,682 $ 22,203 $ 12,015 $ 58,146 $ 49,216  
Adjustments to reconcile net income to net cash provided by operating activities:              
Non-cash compensation expense         2,306 1,866  
Non-cash compensation to directors         621 606  
Depreciation 2,938   2,744   9,040 7,102  
Amortization         4,622 4,381  
Deferred income taxes         7,876 5,252  
Adjustment to tax receivable agreement liability         (1,650) (707)  
Other items, net         1,731 396  
Change in operating assets and liabilities:              
Trade receivables         6,217 (14,067)  
Inventories         (21,601) (21,592)  
Prepaid expenses and other assets         (213) (1,234)  
Accounts payable         8,717 7,780  
Income taxes payable         (2,122) (350)  
Accrued expenses         2,192 6,927  
Other liabilities         (1,701) 835  
Net cash provided by operating activities         74,181 46,411  
Investing activities:              
Purchases of property, plant and equipment         (30,143) (10,728)  
Payment for acquisition, net of cash acquired         0 (100,073)  
Net cash used in investing activities         (30,143) (110,801)  
Financing activities:              
Proceeds from revolving credit facility         103,800 55,000  
Payments on revolving credit facility         (25,000) (35,000)  
Proceeds received from exercise of stock option         377 749  
Cash paid for withholding taxes on vested restricted stock         (831) (1,190)  
Distributions to LLC Unit holders         (1,415) (1,228)  
Repurchase and retirement of common stock         (13,833) 0  
Net cash provided by financing activities         63,098 18,331  
Effect of exchange rate changes on cash         (366) (75)  
Changes in cash         106,770 (46,134)  
Cash—Beginning of period   $ 27,392   $ 61,623 27,392 61,623 $ 61,623
Cash—End of period $ 134,162   $ 15,489   134,162 15,489 $ 27,392
Supplemental cash flow information:              
Cash paid for interest         2,964 4,302  
Cash paid for income taxes         $ 10,323 $ 8,877