XML 48 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
Operating activities:      
Net income $ 17,188 $ 18,982 $ 4,876
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions :      
Depreciation and amortization 11,485 11,067 11,751
(Gain) loss on sale of property, plant and equipment (158) 113 209
Allowance for uncollectible accounts 24 447 2,892
Stock-based compensation expense 3,504 2,395 2,052
Adjustment of acquisition payable (400)    
Other 217 231 484
Deferred income taxes 83 3,743 (3,556)
Tax benefit deficiency from the vesting of deferred shares (152) (159) (578)
Changes in operating assets and liabilities increasing (decreasing) cash, net of effects from acquisitions:      
Accounts receivable (4,575) (16,499) 12,003
Costs and estimated earnings in excess of billings on uncompleted contracts (28,506) 890 (5,724)
Inventories (233) 1,202 1,238
Other assets (1,888) 2,028 615
Accounts payable 12,862 (9,326) 1,693
Billings on uncompleted contracts in excess of costs and estimated earnings (5,192) 6,608 (22,816)
Accrued expenses (1,318) 1,027 (740)
Net cash provided by operating activities 2,941 22,749 4,399
Investing activities:      
Acquisition of property, plant and equipment (13,534) (10,416) (5,302)
Proceeds from asset sales 598 150 218
Acquisitions, net of cash acquired 241 (3,800)  
Net cash used by investing activities (12,695) (14,066) (5,084)
Financing activities:      
Exercise of stock options 167 166 115
Capital lease payments (258) (731) (1,077)
Excess tax benefit of exercised stock options and vesting of deferred shares   50 82
Advances under credit agreement 9,105    
Repayments of advances under credit agreement (9,105)    
Payment of debt amendment fees (643) (216)  
Treasury shares sold to Employee Stock Purchase Plan 47 10  
Open market purchase of treasury shares (8,126)    
Other treasury share purchases (537) (299) (473)
Net cash used by financing activities (9,350) (1,020) (1,353)
Effect of exchange rate changes on cash (527) 795 461
Net increase (decrease) in cash and cash equivalents (19,631) 8,458 (1,577)
Cash and cash equivalents, beginning of period 59,357 50,899 52,476
Cash and cash equivalents, end of period 39,726 59,357 50,899
Other cash flow information:      
Income taxes 12,016 6,251 8,641
Interest 478 632 530
Non-cash investing:      
Purchases of property, plant and equipment on account $ 457 $ 765 $ 41