Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Operating activities:      
Net income $ 36,194 $ 56,637 $ 37,142
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,115 19,353 19,142
Compensation expense related to share-based payment awards 1,259 2,356 1,236
Provision for deferred income taxes 3,507 671 3,923
Restructuring and impairment charge 784
Loss (gain) on disposal of property, plant and equipment 1,033 (2,267) 4,180
Other (6) (1,295) 3,606
Change in operating assets and liabilities, net of effects of acquired businesses:      
Accounts receivable (2,826) 2,926 (559)
Inventories 13,507 (9,982) (5,036)
Prepaid and other current assets 1,010 5,113 (9,628)
Customer Deposits 1,883 (7,275) 7,517
Accounts payable 1,524 (3,509) (5,349)
Accrued expenses and other current liabilities (547) (6,550) (2,113)
Other assets and liabilities 1,980 2,191 261
Net cash provided by operating activities 78,633 58,369 55,106
Investing activities:      
Proceeds from the disposal of property, plant & equipment 1,273 8,073 9,103
Change in restricted cash and investments 490 190 497
Capital expenditures (17,645) (22,967) (19,787)
Acquisitions (676) (165) (1,991)
Sales of marketable securities 2,150 15,430
Other investing activities 175 193 176
Net cash provided by (used in) investing activities (16,383) (12,526) 3,428
Financing activities:      
Borrowings from revolving credit and term loan facilities 75,000
Payments on long-term debt and capital lease obligations (28,401) (34,840) (133,710)
Purchases and retirements of company stock (10,246) (19,346) (17,552)
Payment of cash dividends (20,031) (16,646) (13,348)
Other financing activities 1,335 1,718 (1,353)
Net cash used in financing activities (57,343) (69,114) (90,963)
Effect of exchange rate changes on cash 135 (252) (565)
Net increase (decrease) in cash & cash equivalents 5,042 (23,523) (32,994)
Cash & cash equivalents - beginning of year 52,659 76,182 109,176
Cash & cash equivalents - end of year 57,701 52,659 76,182
Supplemental cash flow information:      
Income taxes paid 15,074 29,003 18,250
Interest paid 936 1,352 7,181
Non-cash capital lease obligations incurred $ 613 $ 1,700