Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.20.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities    
Net income $ 26,236 $ 21,192
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,145 8,430
Share-based compensation expense 711 123
Non-cash operating lease cost 14,953 16,191
Deferred income taxes (706) 153
Restructuring and other impairment charges, net of gains 1,435 (6,503)
Restructuring payments 31 (5,021)
Loss on disposal of property, plant and equipment 13 163
Other 12 136
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (893) 973
Inventories, net (1,036) 21,303
Prepaid expenses and other current assets (5,952) 226
Customer deposits and deferred revenue 26,032 (9,746)
Accounts payable and accrued expenses 8,394 (8,342)
Accrued compensation and benefits 2,780 (475)
Operating lease liabilities (16,706) (16,037)
Other assets and liabilities 2,469 622
Net cash provided by operating activities 65,918 23,388
Cash Flows from Investing Activities    
Proceeds from disposal of property, plant and equipment 1,225 12,423
Capital expenditures (5,878) (7,987)
Acquisitions, net of cash acquired 0 (1,281)
Other investing activities 0 20
Net cash (used in) provided by investing activities (4,653) 3,175
Cash Flows from Financing Activities    
Payments on borrowings (50,000) 0
Payment of cash dividends (5,288) (10,685)
Proceeds from employee stock plans 1,633 53
Repurchases of common stock 0 (8,163)
Other financing activities (290) (278)
Net cash used in financing activities (53,945) (19,073)
Effect of exchange rate changes on cash and cash equivalents 439 (8)
Net increase in cash and cash equivalents 7,759 7,482
Cash and cash equivalents at beginning of period 72,276 20,824
Cash and cash equivalents at end of period $ 80,035 $ 28,306