Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - Scenario, Unspecified [Domain] - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Operating activities:      
Net income $ 37,142 $ 42,931 $ 32,478
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,142 17,930 18,008
Compensation expense related to share-based payment awards 1,236 1,325 1,401
Provision (benefit) for deferred income taxes 3,923 $ (3,032) $ 2,767
Restructuring and impairment charge 784    
Loss on disposal of property, plant and equipment 4,180 $ 2,093 $ 3,717
Other 3,606 415 1,824
Change in operating assets and liabilities, net of effects of acquired businesses:      
Accounts receivable (559) (149) 1,922
Inventories (5,036) (9,019) 18,569
Prepaid and other current assets (9,628) 4,269 1,070
Customer Deposits 7,517 586 (6,951)
Accounts payable (5,349) 1,300 (4,320)
Accrued expenses and other current liabilities (2,113) 969 (7,839)
Other assets and liabilities 261 271 (1,345)
Net cash provided by operating activities 55,106 59,889 61,301
Investing activities:      
Proceeds from the disposal of property, plant & equipment 9,103 3,381 3,283
Change in restricted cash and investments 497 6,926 (17)
Capital expenditures (19,787) $ (19,305) (19,005)
Acquisitions (net of cash acquired) $ (1,991)   (770)
Purchases of marketable securities   $ (18,268) (18,247)
Sales of marketable securities $ 15,430 14,883 11,165
Other investing activities 176 325 1,990
Net cash provided by (used in) investing activities 3,428 $ (12,058) $ (21,601)
Financing activities:      
Borrowings from revolving credit and term loan facilities 75,000    
Payments on long-term debt and capital lease obligations (133,710) $ (480) $ (26,104)
Purchases and retirements of company stock (17,552)    
Payment of cash dividends (13,348) $ (11,297) $ (22,220)
Other financing activities, net (1,353) 525 1,758
Net cash used in financing activities (90,963) (11,252) (46,566)
Effect of exchange rate changes on cash (565) (4) (254)
Net increase (decrease) in cash & cash equivalents (32,994) 36,575 (7,120)
Cash & cash equivalents - beginning of year 109,176 72,601 79,721
Cash & cash equivalents - end of year 76,182 109,176 72,601
Supplemental cash flow information:      
Income taxes paid 18,250 20,928 19,046
Interest paid 7,181 $ 7,085 8,626
Non-cash capital lease obligations incurred $ 1,700   $ 927