XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income $ 22,038 $ 16,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 811 677
Non-cash compensation to directors 210 207
Depreciation 3,486 3,097
Amortization 1,524 1,584
Deferred income taxes 2,325 1,454
Other items, net 439 696
Change in operating assets and liabilities:    
Trade receivables (17,247) 4,817
Inventories (6,939) (7,626)
Prepaid expenses and other assets (3,032) (1,728)
Accounts payable 16,001 8,378
Income taxes payable 4,228 1,979
Accrued expenses 8,184 (2,029)
Other liabilities 734 (475)
Net cash provided by operating activities 32,762 27,713
Investing activities:    
Purchases of property, plant and equipment (5,432) (10,704)
Net cash used in investing activities (5,432) (10,704)
Financing activities:    
Payments on revolving credit facility (8,800) 0
Proceeds received from exercise of stock option 300 0
Cash paid for withholding taxes on vested restricted stock (148) (239)
Distributions to LLC Unit holders (104) (568)
Repurchase and retirement of common stock 0 (11,123)
Net cash used in financing activities (8,752) (11,930)
Effect of exchange rate changes on cash 73 (126)
Changes in cash 18,651 4,953
Cash—Beginning of period 33,787 27,392
Cash—End of period 52,438 32,345
Supplemental cash flow information:    
Cash paid for interest 454 1,169
Cash paid for income taxes $ 53 $ 597