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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 36,105 $ 27,933
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 1,635 1,258
Non-cash compensation to directors 290 218
Depreciation 5,296 4,918
Amortization 1,716 1,856
Deferred income taxes 1,137 660
Other items, net 617 502
Change in operating assets and liabilities:    
Trade receivables 5,153 8,608
Inventories (25,714) (22,209)
Prepaid expenses and other assets (3,784) (4,677)
Accounts payable 7,154 5,518
Income taxes payable 8,846 5,399
Accrued expenses (6,195) (5,778)
Other liabilities (567) (520)
Net cash provided by operating activities 31,689 23,686
Investing activities:    
Purchases of property, plant and equipment (12,362) (13,892)
Net cash used in investing activities (12,362) (13,892)
Financing activities:    
Proceeds from revolving credit facility 121,700 0
Principal payments on long-term borrowings (23,125) (313)
Payments on revolving credit facility (147,000) (20,000)
Payment of deferred financing costs (1,362) 0
Cash paid for withholding taxes on vested restricted stock (871) (516)
Distributions to LLC Unit holders (1,045) (687)
Repurchase and retirement of common stock (7,868) 0
Net cash used in financing activities (59,571) (21,516)
Effect of exchange rate changes on cash (449) (257)
Changes in cash (40,693) (11,979)
Cash—Beginning of period 83,744 41,479
Cash—End of period 43,051 29,500
Supplemental cash flow information:    
Cash paid for interest 1,056 535
Cash paid for income taxes $ 760 $ 2,024