Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net income $ 29,008 $ 24,893
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,849 14,955
Shared-based compensation expense 986 967
Deferred income taxes (390) (342)
Loss on disposal of property, plant and equipment 134 191
Other (16) (11)
Change in operating assets and liabilities, net of effects of acquired businesses:    
Accounts receivable, net (3,474) (3,640)
Inventories (1,613) (14,265)
Prepaid expenses and other current assets (1,290) 278
Customer Deposits 1,145 4,666
Accounts payable 726 7,719
Accrued compensation and benefits 3,832 1,737
Accrued expenses and other current liabilities (480) (1,218)
Other assets and liabilities 890 (840)
Net cash provided by operating activities 44,307 35,090
Cash Flows from Investing Activities    
Proceeds from the disposal of property, plant and equipment 1 327
Capital expenditures (6,990) (9,121)
Other investing activities 124 154
Net cash used in investing activities (6,865) (8,640)
Cash Flows from Financing Activities    
Borrowings on revolving credit facility 16,000
Payments on borrowings and capital lease obligations (8,443) (14,306)
Repurchases of common stock (1,100)
Payment of cash dividends (41,916) (24,283)
Other financing activities 253 141
Net cash used in financing activities (34,106) (39,548)
Effect of exchange rate changes on cash and cash equivalents 43 130
Net increase (decrease) in cash, cash equivalents, and restricted cash 3,379 (12,968)
Cash, cash equivalents, and restricted cash at beginning of period 22,363 65,031
Cash, cash equivalents, and restricted cash at end of period $ 25,742 $ 52,063