Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Operating activities:      
Net income $ 56,637 $ 37,142 $ 42,931
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,353 19,142 17,930
Compensation expense related to share-based payment awards 2,356 1,236 1,325
Provision (benefit) for deferred income taxes 671 3,923 (3,032)
Restructuring and impairment charge 784
Loss (gain) on disposal of property, plant and equipment (2,267) 4,180 2,093
Other (1,295) 3,606 415
Change in operating assets and liabilities, net of effects of acquired businesses:      
Accounts receivable 2,926 (559) (149)
Inventories (9,982) (5,036) (9,019)
Prepaid and other current assets 5,113 (9,628) 4,269
Customer Deposits (7,275) 7,517 586
Accounts payable (3,509) (5,349) 1,300
Accrued expenses and other current liabilities (6,550) (2,113) 969
Other assets and liabilities 2,191 261 271
Net cash provided by operating activities 58,369 55,106 59,889
Investing activities:      
Proceeds from the disposal of property, plant & equipment 8,073 9,103 3,381
Change in restricted cash and investments 190 497 6,926
Capital expenditures (22,967) (19,787) (19,305)
Acquisitions (net of cash acquired) (165) (1,991)
Purchases of marketable securities (18,268)
Sales of marketable securities 2,150 15,430 14,883
Other investing activities 193 176 325
Net cash provided by (used in) investing activities (12,526) 3,428 (12,058)
Financing activities:      
Borrowings from revolving credit and term loan facilities 75,000
Payments on long-term debt and capital lease obligations (34,840) (133,710) (480)
Purchases and retirements of company stock (19,346) (17,552)
Payment of cash dividends (16,646) (13,348) (11,297)
Other financing activities, net 1,718 (1,353) 525
Net cash used in financing activities (69,114) (90,963) (11,252)
Effect of exchange rate changes on cash (252) (565) (4)
Net increase (decrease) in cash & cash equivalents (23,523) (32,994) 36,575
Cash & cash equivalents - beginning of year 76,182 109,176 72,601
Cash & cash equivalents - end of year 52,659 76,182 109,176
Supplemental cash flow information:      
Income taxes paid 29,003 18,250 20,928
Interest paid 1,352 7,181 7,085
Non-cash capital lease obligations incurred $ 1,700