Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 20,969 $ 29,008
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,845 14,742
Share-based compensation expense 200 986
Non-cash operating lease cost 24,369
Deferred income taxes 1,077 (390)
Restructuring and other impairment charges, net of gains (5,647) 284
Restructuring payments (5,574) (177)
Loss on disposal of property, plant and equipment 191 134
Other (13) (16)
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net 3,630 (3,474)
Inventories, net 21,567 (1,613)
Prepaid expenses and other current assets (1,980) (1,290)
Customer deposits and deferred revenue (4,914) 1,145
Accounts payable and accrued expenses (3,428) (510)
Accrued compensation and benefits 429 4,414
Operating lease liabilities (24,411)
Other assets and liabilities (626) 1,064
Net cash provided by operating activities 38,684 44,307
Cash Flows from Investing Activities    
Proceeds from disposal of property, plant and equipment 12,423 1
Capital expenditures (12,457) (6,990)
Acquisitions, net of cash acquired (1,350)
Other investing activities 20 124
Net cash used in investing activities (1,364) (6,865)
Cash Flows from Financing Activities    
Borrowings on revolving credit facility 100,000 16,000
Payments on borrowings (8,000)
Payment of cash dividends (16,181) (41,916)
Repurchases of common stock (24,319)
Other financing activities (369) (190)
Net cash provided by (used in) financing activities 59,131 (34,106)
Effect of exchange rate changes on cash and cash equivalents (407) 43
Net increase in cash and cash equivalents 96,044 3,379
Cash and cash equivalents at beginning of period 20,824 22,363
Cash and cash equivalents at end of period $ 116,868 $ 25,742