Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.2
Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash Flows from Operating Activities      
Net income $ 8,900 $ 25,698 $ 36,371
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,859 19,530 19,831
Share-based compensation expense 334 121 954
Non-cash operating lease cost 31,995
Deferred income taxes 2,524 (3,511) (106)
Restructuring and other impairment charges, net of gains 2,407 20,658
Restructuring payments (9,067) (2,473)
Loss on disposal of property, plant and equipment 199 157 201
Other 287 115 (250)
Change in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net 6,020 (565) (682)
Inventories, net 33,341 957 (11,876)
Prepaid expenses and other current assets (2,284) (2,155) 3,274
Customer deposits and deferred revenue 6,707 (4,924) (2,444)
Accounts payable and accrued expenses (7,975) 665 2,718
Accrued compensation and benefits (1,358) 653 (1,856)
Operating lease liabilities (34,765)
Other assets and liabilities (1,428) 321 (3,638)
Net cash provided by operating activities 52,696 55,247 42,497
Cash Flows from Investing Activities      
Proceeds from the disposal of property, plant & equipment 12,423 1 327
Capital expenditures (15,709) (9,120) (12,486)
Acquisitions, net of cash acquired (1,350) (534) (6,287)
Other investing activities 20 153 204
Net cash used in investing activities (4,616) (9,500) (18,242)
Cash Flows from Financing Activities      
Borrowings on revolving credit facility 100,000 16,000
Payments on borrowings (50,000) (16,000) (13,833)
Repurchases of common stock (24,319) (46) (23,120)
Payment of cash dividends (21,469) (46,990) (29,509)
Other financing activities (515) (302) (429)
Net cash provided by (used in) financing activities 3,697 (47,338) (66,891)
Effect of exchange rate changes on cash and cash equivalents (325) 52 (32)
Net increase (decrease) in cash, cash equivalents and restricted cash 51,452 (1,539) (42,668)
Cash, cash equivalents and restricted cash at beginning of period 20,824 22,363 65,031
Cash, cash equivalents and restricted cash at end of period 72,276 20,824 22,363
Supplemental Disclosure on Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 6,006 13,339 14,305
Cash paid during the year for interest 538 306 177
Supplemental Disclosure on Non-Cash Information      
Non-cash financing lease obligations incurred 87 1,442
Dividends declared, not paid $ 5,075 $ 5,065