Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income $ 20,153 $ 9,353
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,325 4,140
Share-based compensation expense 277 254
Non-cash operating lease cost 7,473 7,492
Deferred income taxes 751 (1,425)
Restructuring and other impairment charges, net of gains 255 623
Restructuring payments (417) (59)
Loss on disposal of property, plant and equipment 5 0
Other (10) (36)
Change in operating assets and liabilities    
Accounts receivable, net 1,084 (5,149)
Inventories, net (14,757) (946)
Prepaid expenses and other current assets (2,808) (6,717)
Customer deposits and deferred revenue 9,563 25,877
Accounts payable and accrued expenses (1,184) 8,111
Accrued compensation and benefits (3,971) 6,042
Operating lease liabilities (8,521) (8,390)
Other assets and liabilities 4,771 3,020
Net cash provided by operating activities 16,989 42,190
Cash Flows from Investing Activities    
Capital expenditures (1,529) (2,439)
Net cash used in investing activities (1,529) (2,439)
Cash Flows from Financing Activities    
Payments on borrowings 0 (50,000)
Payment of cash dividends (25,372) 0
Payments on financing leases (132) (148)
Taxes paid related to net share settlement of equity awards (778) 0
Net cash used in financing activities (26,282) (50,148)
Effect of exchange rate changes on cash and cash equivalents (109) 94
Net decrease in cash and cash equivalents (10,931) (10,303)
Cash and cash equivalents at beginning of period 104,596 72,276
Cash and cash equivalents at end of period $ 93,665 $ 61,973