Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 24,511 $ 39,859
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,023 14,631
Compensation expense related to share-based payment awards 2,161 1,647
Provision (benefit) for deferred income taxes 4,373 2,031
(Gain) loss on disposal of property, plant and equipment 915 (1,716)
Other (73) (1,024)
Change in operating assets and liabilities, net of effects of acquired businesses:    
Accounts receivable (977) 1,760
Inventories 8,098 (11,827)
Prepaid and other current assets (1,158) 1,435
Customer Deposits (431) (1,729)
Accounts payable 180 (2,209)
Accrued expenses and other current liabilities (718) (6,156)
Other assets and liabilities 1,865 1,900
Net cash provided by operating activities 53,769 38,602
Investing activities:    
Proceeds from the disposal of property, plant & equipment 1,261 4,199
Change in restricted cash and investments 503 197
Capital expenditures (15,112) (13,824)
Sales of marketable securities 2,150
Other investing activities 121 140
Net cash provided by (used in) investing activities (13,227) (7,138)
Financing activities:    
Payments on long-term debt and capital lease obligations (12,602) (29,038)
Purchases and retirements of company stock (3,368) (19,018)
Payment of cash dividends (14,745) (11,910)
Payment of deferred financing costs (55)
Other financing activities 1,180 1,396
Net cash provided by (used in) financing activities (29,535) (58,625)
Effect of exchange rate changes on cash 11 (206)
Net increase (decrease) in cash & cash equivalents 11,018 (27,367)
Cash & cash equivalents at beginning of period 52,659 76,182
Cash & cash equivalents at end of period $ 63,677 $ 48,815