Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Operating activities:      
Net income $ 32,478 $ 49,694 $ 29,250
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,008 18,581 20,816
Compensation expense related to share-based payment awards 1,401 1,702 931
Provision (benefit) for deferred income taxes 2,767 (19,522) (63)
Loss on disposal of property, plant and equipment 3,717 1,648 325
Other 1,824 (42) (132)
Change in operating assets and liabilities, net of effects of acquired businesses:      
Accounts receivable 1,922 (456) 187
Inventories 18,569 (12,531) (5,278)
Prepaid and other current assets 1,070 (755) 4,407
Customer deposits (6,951) 2,331 7,861
Accounts payable (4,320) 357 5,595
Accrued expenses and other current liabilities (7,839) (2,125) (884)
Other assets and liabilities (1,345) (1,181) 147
Net cash provided by operating activities 61,301 37,701 63,162
Investing activities:      
Proceeds from the disposal of property, plant & equipment 3,283 1,873 3,196
Change in restricted cash and investments (17) 975 927
Capital expenditures (19,005) (22,884) (9,094)
Acquisitions (770) (520) (2,957)
Purchases of marketable securities (18,247) (3,647) (9,466)
Sales of marketable securities 11,165 7,230 7,319
Other investing activities 1,990 816 432
Net cash used in investing activities (21,601) (16,157) (9,643)
Financing activities:      
Payments on long-term debt and capital lease obligations (26,104) (12,204) (37,887)
Purchases and retirements of company stock   (1,350) (5,377)
Payment of cash dividends (22,220) (8,062) (5,754)
Other financing activities 1,758 738 (61)
Net cash used in financing activities (46,566) (20,878) (49,079)
Effect of exchange rate changes on cash (254) 536 227
Net increase (decrease) in cash & cash equivalents (7,120) 1,202 4,667
Cash & cash equivalents - beginning of year 79,721 78,519 73,852
Cash & cash equivalents - end of year 72,601 79,721 78,519
Income taxes paid (received) 19,046 14,731 (8,595)
Interest paid 8,626 8,693 10,838
Non-cash capital lease obligations incurred $ 927 $ 1,590