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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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| Operating activities: | ||
| Net income | $ 21,917us-gaap_NetIncomeLoss | $ 20,589us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 9,394us-gaap_DepreciationDepletionAndAmortization | 8,699us-gaap_DepreciationDepletionAndAmortization |
| Compensation expense related to share-based payment awards | 629us-gaap_ShareBasedCompensation | 693us-gaap_ShareBasedCompensation |
| Provision (benefit) for deferred income taxes | 914us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (463)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Loss on disposal of property, plant and equipment | 2,843us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 557us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Other | (47)us-gaap_IncreaseDecreaseInOtherOperatingAssets | 354us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Change in operating assets and liabilities, net of effects of acquired businesses: | ||
| Accounts receivable | 1,362us-gaap_IncreaseDecreaseInAccountsReceivable | 1,523us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventories | (4,869)us-gaap_IncreaseDecreaseInInventories | (2,708)us-gaap_IncreaseDecreaseInInventories |
| Prepaid and other current assets | (2,611)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 602us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Customer Deposits | (7,674)us-gaap_IncreaseDecreaseInCustomerDeposits | (6,920)us-gaap_IncreaseDecreaseInCustomerDeposits |
| Accounts payable | (4,819)us-gaap_IncreaseDecreaseInAccountsPayable | (1,084)us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses and other current liabilities | (5,876)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | (1,260)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities |
| Other assets and liabilities | (703)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 2,024us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
| Net cash provided by operating activities | 10,460us-gaap_NetCashProvidedByUsedInOperatingActivities | 22,606us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | ||
| Proceeds from the disposal of property, plant and equipment | 6,849us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 771us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Change in restricted cash and investments | 499us-gaap_IncreaseDecreaseInRestrictedCash | 498us-gaap_IncreaseDecreaseInRestrictedCash |
| Capital expenditures | (13,115)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (8,558)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Acquisitions | (1,991)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates | |
| Purchases of marketable securities | (15,716)us-gaap_PaymentsToAcquireMarketableSecurities | |
| Sales of marketable securities | 8,930us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities | 10,723us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities |
| Other | 90us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 175us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash provided by (used in) investing activities | 1,262us-gaap_NetCashProvidedByUsedInInvestingActivities | (12,107)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | ||
| Payments on long-term debt | (288)us-gaap_RepaymentsOfLongTermDebt | (238)us-gaap_RepaymentsOfLongTermDebt |
| Dividends paid | (6,381)us-gaap_PaymentsOfDividends | (5,502)us-gaap_PaymentsOfDividends |
| Payment of deferred financing costs | (1,020)us-gaap_PaymentsOfFinancingCosts | |
| Other financing activities, net | 122us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 221us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash provided by (used in) financing activities | (7,567)us-gaap_NetCashProvidedByUsedInFinancingActivities | (5,519)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash | (389)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 22us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase in cash & cash equivalents | 3,766us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 5,002us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents – beginning of period | 109,176us-gaap_CashAndCashEquivalentsAtCarryingValue | 72,601us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents – end of period | $ 112,942us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 77,603us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the period in the amount of customer money held in customer accounts, including security deposits, collateral for a current or future transactions, initial payment of the cost of acquisition or for the right to enter into a contract or agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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