Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income $ 14,106 $ 8,840
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,976 5,000
Shared-based compensation expense 151 491
Non-cash operating lease cost 8,022
Deferred income taxes 564 99
Restructuring and impairment charges (gains) (6,717)
Restructuring payments (4,071)
Loss on disposal of property, plant and equipment 9 12
Other 79 104
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net 1,767 (408)
Inventories 8,999 (2,707)
Prepaid expenses and other current assets (3,980) (1,538)
Customer Deposits 7,943 6,328
Accounts payable and accrued expenses (4,763) 1,336
Accrued compensation and benefits 2,734 4,592
Operating lease liabilities (8,066)
Other assets and liabilities 2,643 2,291
Net cash provided by operating activities 23,396 24,440
Cash Flows from Investing Activities    
Proceeds from disposal of property, plant and equipment 11,615
Capital expenditures (3,414) (2,777)
Acquisitions, net of cash acquired (1,281)
Other investing activities 20 32
Net cash provided by (used in) investing activities 6,940 (2,745)
Cash Flows from Financing Activities    
Payments on debt and finance lease liabilities (137) (165)
Payment of cash dividends (5,075) (5,065)
Other financing activities 18 637
Net cash used in financing activities (5,194) (4,593)
Effect of exchange rate changes on cash and cash equivalents (90) 125
Net increase in cash and cash equivalents 25,052 17,227
Cash and cash equivalents at beginning of period 20,824 22,363
Cash and cash equivalents at end of period $ 45,876 $ 39,590