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, 2014
Jun. 30, 2013
Jun. 30, 2012
Operating activities:      
Net income $ 42,931 $ 32,478 $ 49,694
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 17,930 18,008 18,581
Compensation expense related to share-based payment awards 1,325 1,401 1,702
Provision (benefit) for deferred income taxes (3,032) 2,767 (19,522)
Loss on disposal of property, plant and equipment 2,093 3,717 1,648
Other 415 1,824 (42)
Change in operating assets and liabilities, net of effects of acquired businesses:      
Accounts receivable (149) 1,922 (456)
Inventories (9,019) 18,569 (12,531)
Prepaid and other current assets 4,269 1,070 (755)
Customer deposits 586 (6,951) 2,331
Accounts payable 1,300 (4,320) 357
Accrued expenses and other current liabilities 969 (7,839) (2,125)
Other assets and liabilities 271 (1,345) (1,181)
Net cash provided by operating activities 59,889 61,301 37,701
Investing activities:      
Proceeds from the disposal of property, plant & equipment 3,381 3,283 1,873
Change in restricted cash and investments 6,926 (17) 975
Capital expenditures (19,305) (19,005) (22,884)
Acquisitions   (770) (520)
Purchases of marketable securities (18,268) (18,247) (3,647)
Sales of marketable securities 14,883 11,165 7,230
Other investing activities 325 1,990 816
Net cash used in investing activities (12,058) (21,601) (16,157)
Financing activities:      
Payments on long-term debt and capital lease obligations (480) (26,104) (12,204)
Purchases and retirements of company stock     (1,350)
Payment of cash dividends (11,297) (22,220) (8,062)
Other financing activities 525 1,758 738
Net cash used in financing activities (11,252) (46,566) (20,878)
Effect of exchange rate changes on cash (4) (254) 536
Net increase (decrease) in cash & cash equivalents 36,575 (7,120) 1,202
Cash & cash equivalents - beginning of year 72,601 79,721 78,519
Cash & cash equivalents - end of year 109,176 72,601 79,721
Income taxes paid 20,928 19,046 14,731
Interest paid 7,085 8,626 8,693
Non-cash capital lease obligations incurred   $ 927 $ 1,590