XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,411 $ 485
Net income from discontinued operations 0 11,266
Net income (loss) from continuing operations 19,411 (10,781)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 10,855 13,761
Deferred income taxes (2,105) (930)
Equity in net income of equity-method investees 526 19
Stock-based compensation 4,287 4,367
Long-lived asset impairment 0 32,497
Gain on sale of assets (276) 0
Gain on sale of businesses 0 (620)
Other non-cash items including unrealized currency gains, net (1,093) (1,047)
(Decrease) increase in cash attributable to changes in operating assets and liabilities:    
Accounts receivable (9,443) (3,575)
Inventories 2,277 (44,962)
Other current assets 900 37,869
Other assets and liabilities (1,566) (1,541)
Accounts payable and accrued expenses 13,813 15,612
Net cash provided by operating activities from continuing operations 37,586 40,669
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (17,810) (12,155)
Investment in joint venture (408) 0
Proceeds from sale of assets 164 0
Proceeds from sale of businesses and other 0 4,427
Net cash used in investing activities from continuing operations (18,054) (7,728)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under bank revolving credit facility 120,000 55,000
Repayments under bank revolving credit facility (5,000) (47,000)
Repayments of other debt, net (237) (1,439)
Shares withheld for payment of employee payroll taxes (1,175) (468)
Share repurchases (177,103) (42,052)
Net cash used in financing activities from continuing operations (63,515) (35,959)
Effect of exchange rate changes on cash from continuing operations (2,926) 2,500
Net decrease in cash and cash equivalents (46,909) (518)
Cash and cash equivalents at beginning of period 75,871 37,771
Cash and cash equivalents at end of period $ 28,962 $ 37,253