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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net income $ 30,914 $ 72,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 1,323 3,651
Non-cash compensation to directors 1,419 579
Depreciation 12,667 10,684
Amortization 3,428 3,431
Deferred income taxes 9,205 2,556
Other items, net 1,100 792
Change in operating assets and liabilities:    
Trade receivables 40,922 (3,846)
Inventories 13,776 (28,569)
Prepaid expenses and other assets (4,483) (4,287)
Accounts payable (13,315) (4,151)
Income taxes payable 24 501
Accrued expenses (80,308) (1,924)
Other liabilities (963) (1,106)
Net cash provided by operating activities 15,709 50,812
Investing activities:    
Purchases of property, plant and equipment (52,101) (22,339)
Proceeds from sale or disposal of property, plant and equipment 14 0
Net cash used in investing activities (52,087) (22,339)
Financing activities:    
Proceeds from revolving credit facility 75,000 141,700
Principal payments on long-term borrowings 0 (23,125)
Payments on revolving credit facility (40,000) (167,000)
Payment of deferred financing costs 0 (1,362)
Cash paid for withholding taxes on vested restricted stock (1,217) (2,866)
Distributions to LLC Unit holders (890) (1,741)
Repurchase and retirement of common stock (19,743) (7,868)
Net cash provided by (used in) financing activities 13,150 (62,262)
Effect of exchange rate changes on cash 13 (107)
Changes in cash (23,215) (33,896)
Cash—Beginning of period 78,937 83,744
Cash—End of period 55,722 49,848
Supplemental cash flow information:    
Cash paid for interest 1,637 1,219
Cash paid for income taxes $ 1,955 $ 20,168