Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 11,529 $ 13,147
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,999 4,783
Compensation expense related to share-based payment awards 804 427
Provision (benefit) for deferred income taxes 169 (218)
(Gain) loss on disposal of property, plant and equipment 666 106
Other (148) (482)
Change in operating assets and liabilities, net of effects of acquired businesses:    
Accounts receivable (400) (158)
Inventories 2,980 (4,651)
Prepaid and other current assets (1,493) 1,519
Customer Deposits 1,434 (1,393)
Accounts payable 2,052 1,202
Accrued expenses and other current liabilities 4,554 1,269
Other assets and liabilities 370 503
Net cash provided by operating activities 27,516 16,054
Investing activities:    
Proceeds from the disposal of property, plant & equipment 1,258 1
Change in restricted cash and investments 518 207
Capital expenditures (7,440) (3,138)
Sales of marketable securities 2,150
Other investing activities 42 52
Net cash provided by (used in) investing activities (5,622) (728)
Financing activities:    
Payments on long-term debt and capital lease obligations (829) (809)
Payment of cash dividends (4,738) (3,992)
Other financing activities, net 306 447
Net cash provided by (used in) financing activities (5,261) (4,354)
Effect of exchange rate changes on cash (38) (146)
Net increase in cash & cash equivalents 16,595 10,826
Cash & cash equivalents at beginning of period 52,659 76,182
Cash & cash equivalents at end of period $ 69,254 $ 87,008