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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 27,933 $ 22,038
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 1,258 811
Non-cash compensation to directors 218 210
Depreciation 4,918 3,486
Amortization 1,856 1,524
Deferred income taxes 660 2,325
Other items, net 502 439
Change in operating assets and liabilities:    
Trade receivables 8,608 (17,247)
Inventories (22,209) (6,939)
Prepaid expenses and other assets (4,677) (3,032)
Accounts payable 5,518 16,001
Income taxes payable 5,399 4,228
Accrued expenses (5,778) 8,184
Other liabilities (520) 734
Net cash provided by operating activities 23,686 32,762
Investing activities:    
Purchases of property, plant and equipment (13,892) (5,432)
Net cash used in investing activities (13,892) (5,432)
Financing activities:    
Principal payments on long-term borrowings (313) 0
Payments on revolving credit facility (20,000) (8,800)
Proceeds received from exercise of stock options 0 300
Cash paid for withholding taxes on vested restricted stock (516) (148)
Distributions to LLC Unit holders (687) (104)
Net cash used in financing activities (21,516) (8,752)
Effect of exchange rate changes on cash (257) 73
Changes in cash (11,979) 18,651
Cash—Beginning of period 41,479 33,787
Cash—End of period 29,500 52,438
Supplemental cash flow information:    
Cash paid for interest 535 454
Cash paid for income taxes $ 2,024 $ 53