XML 26 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Operating activities:      
Net (loss) income $ (56,443) $ 107,910 $ 163,430
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Non-cash compensation expense 4,935 5,894 6,342
Non-cash compensation to directors 1,512 1,136 1,054
Depreciation 26,178 21,912 19,365
Amortization 6,811 6,808 6,957
Deferred income taxes (4,355) (16,158) 4,793
Adjustment to tax receivable agreement liability 36 188 1,025
Other items, net 2,217 1,680 1,350
Goodwill and other intangible asset impairment 88,389 0 0
Abandonment of construction in process 8,735 0 0
Change in operating assets and liabilities (excluding effects of acquisition):      
Trade receivables 45,257 (16,804) (1,777)
Inventories 25,702 (14,362) (38,050)
Prepaid expenses and other assets 1,668 (1,705) (1,303)
Accounts payable (20,612) (5,148) (287)
Income taxes receivable and payable (708) 6 (794)
Accrued expenses (67,634) 99,326 10,579
Other liabilities (1,922) (1,976) (4,140)
Payment pursuant to tax receivable agreement (4,208) (3,974) (3,698)
Net cash provided by operating activities 55,558 184,733 164,846
Investing activities:      
Purchases of property and equipment (75,962) (54,840) (55,064)
Proceeds from sale of property and equipment 120 202 9
Payment for acquisition, net of cash acquired 0 0 (6,566)
Net cash used in investing activities (75,842) (54,638) (61,621)
Financing activities:      
Proceeds from revolving credit facility 75,000 241,700 72,000
Payments on revolving credit facility (75,000) (338,700) (20,000)
Principal payments on long-term borrowings 0 (23,125) (76,250)
Payment of deferred financing costs 0 (1,362) 0
Proceeds received from exercise of stock options 0 1,317 3,287
Cash paid for tax withholdings (1,489) (3,135) (2,058)
Distributions to non-controlling LLC Unit holders (890) (3,401) (2,717)
Repurchase and retirement of Class A Common Stock (29,316) (7,868) (34,642)
Net cash used in financing activities (31,695) (134,574) (60,380)
Effect of exchange rate changes on cash (13) (328) (580)
Changes in cash (51,992) (4,807) 42,265
Cash—Beginning of period 78,937 83,744 41,479
Cash—End of period 26,945 78,937 83,744
Supplemental cash flow information:      
Cash paid for interest 3,046 3,061 2,294
Cash paid for income taxes 3,529 50,515 42,064
Income tax refunds (1,404) 0 0
Non-cash operating, investing and financing activities:      
Establishment of deferred tax assets from step-up in tax basis 1,960 2,619 0
Establishment of amounts payable under tax receivable agreements 1,320 1,710 0
Exchange of LLC Units for Class A Common Stock 2,521 2,765 0
Tax distributions payable to non-controlling LLC Unit holders 0 776 1,045
Repurchase/retirement of common stock not settled 527 0 0
Capital expenditures in accounts payable $ 1,045 $ 2,207 $ 1,032