Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net income $ 47,047 $ 26,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,187 8,145
Share-based compensation expense 626 711
Non-cash operating lease cost 14,948 14,953
Deferred income taxes 1,460 (706)
Restructuring and other impairment charges, net of gains (3,378) 1,435
Restructuring payments (615) 31
Loss on disposal of property, plant and equipment 4 13
Other 0 12
Change in operating assets and liabilities    
Accounts receivable, net 1,531 (893)
Inventories, net (20,572) (1,036)
Prepaid expenses and other current assets (551) (5,952)
Customer deposits and deferred revenue (6,439) 26,032
Accounts payable and accrued expenses (51) 8,394
Accrued compensation and benefits (2,538) 2,780
Operating lease liabilities (16,734) (16,706)
Other assets and liabilities (224) 2,469
Net cash provided by operating activities 22,701 65,918
Cash Flows from Investing Activities    
Proceeds from disposal of property, plant and equipment 8,206 1,225
Capital expenditures (3,730) (5,878)
Net cash provided by (used in) investing activities 4,476 (4,653)
Cash Flows from Financing Activities    
Payments on borrowings 0 (50,000)
Dividend payments (25,372) (5,288)
Proceeds from employee stock plans 813 1,633
Taxes paid related to net share settlement of equity awards (778) 0
Payments for debt issuance costs (28) 0
Payments on financing leases (264) (290)
Net cash used in financing activities (25,629) (53,945)
Effect of exchange rate changes on cash and cash equivalents (87) 439
Net increase in cash, cash equivalents and restricted cash 1,461 7,759
Cash, cash equivalents and restricted cash at beginning of period 104,596 72,276
Cash, cash equivalents and restricted cash at end of period $ 106,057 $ 80,035