Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income $ 41,844 $ 20,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,359 12,845
Share-based compensation expense 999 200
Non-cash operating lease cost 22,571 24,369
Deferred income taxes (624) 1,077
Restructuring and other impairment charges, net of gains 2,028 (5,647)
Restructuring payments (1,180) (5,574)
Loss on disposal of property, plant and equipment 15 191
Other (88) (13)
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (3,481) 3,630
Inventories, net (9,974) 21,567
Prepaid expenses and other current assets (10,872) (1,980)
Customer deposits and deferred revenue 51,219 (4,914)
Accounts payable and accrued expenses 12,387 (3,428)
Accrued compensation and benefits 7,535 429
Operating lease liabilities (25,923) (24,411)
Other assets and liabilities 3,305 (626)
Net cash provided by operating activities 102,120 38,684
Cash Flows from Investing Activities    
Proceeds from disposal of property, plant and equipment 4,913 12,423
Capital expenditures (10,342) (12,457)
Acquisitions, net of cash acquired 0 (1,350)
Other investing activities 0 20
Net cash (used in) provided by investing activities (5,429) (1,364)
Cash Flows from Financing Activities    
Borrowings on revolving credit facility 0 100,000
Payments on borrowings (50,000) 0
Payment of cash dividends (11,612) (16,181)
Proceeds from employee stock plans 1,740 53
Repurchases of common stock (76) (24,319)
Other financing activities (455) (422)
Net cash used in financing activities (60,403) 59,131
Effect of exchange rate changes on cash and cash equivalents 392 (407)
Net increase in cash and cash equivalents 36,680 96,044
Cash and cash equivalents at beginning of period 72,276 20,824
Cash and cash equivalents at end of period $ 108,956 $ 116,868