v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (2,852) $ 11,367
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 19,340 21,730
Gain on sale of equipment (1,262) (13,242)
Deferred income taxes (2,550) 4,005
Provision for doubtful accounts 145 144
Stock based compensation 680 747
Changes in assets and liabilities:    
Trade receivables 3,179 (2,095)
Income tax receivable and payable 738 7,175
Tires in service (1,741) (773)
Prepaid expenses and other current assets (13,544) (11,735)
Other assets (4,248) (2,894)
Leased revenue equipment held for sale (3,793) (73,506)
Accounts payable and accrued expenses (3,108) 36,270
Net cash used in operating activities (9,016) (22,807)
Cash flows from investing activities:    
Purchase of property and equipment (32,798) (67,442)
Proceeds on sale of property and equipment 34,410 115,490
Investment in unconsolidated entity (2,000)
Purchase of businesses, net of cash acquired (12,604)
Net cash provided by investing activities 1,612 33,444
Cash flows from financing activities:    
Proceeds from issuance of common stock 7
Proceeds from borrowings on long-term debt 136,650 303,520
Payments on bank borrowing on long-term debt (132,316) (275,138)
Proceeds from borrowings on other long-term liabilities 15,038
Payments on borrowings on other long-term liabilities (1,790)
Dividends paid (552) (549)
Principal payments under capital lease obligations (12,403) (38,885)
Net cash (used in) provided by financing activities 4,627 (11,045)
Effect of exchange rates on cash and cash equivalents (280) 553
Increase (Decrease) in cash and cash equivalents (3,057) 145
Cash and cash equivalents at beginning of period 9,077 24,699
Cash and cash equivalents at end of period 6,020 24,844
Supplemental disclosure of cash flow information:    
Interest paid 3,296 3,152
Income taxes paid 97 81
Lease obligation incurred in the purchase of equipment $ 60,828