Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities    
Net income $ 58,046 $ 47,047
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,695 8,187
Share-based compensation expense 763 626
Non-cash operating lease cost 14,984 14,948
Deferred income taxes (1,888) 1,460
Restructuring and other impairment charges, net of gains (2,192) (3,378)
Restructuring payments (801) (615)
Loss on disposal of property, plant and equipment 42 4
Other 290 0
Change in operating assets and liabilities    
Accounts receivable, net 6,323 1,531
Inventories, net 16,630 (20,572)
Prepaid expenses and other current assets 5,419 (551)
Customer deposits (37,429) (6,439)
Accounts payable and accrued expenses (6,927) (51)
Accrued compensation and benefits (1,455) (2,538)
Operating lease liabilities (15,710) (16,734)
Other assets and liabilities (2,851) (224)
Net cash provided by operating activities 40,939 22,701
Cash Flows from Investing Activities    
Proceeds from sales of property, plant and equipment 8,105 8,206
Capital expenditures (8,473) (3,730)
Purchases of investments (94,953) 0
Proceeds from sales of investments 51,504 0
Net cash (used in) provided by investing activities (43,817) 4,476
Cash Flows from Financing Activities    
Payment of cash dividends (20,879) (25,372)
Proceeds from employee stock plans 9 813
Taxes paid related to net share settlement of equity awards (765) (778)
Payments on financing leases (265) (264)
Other financing costs 28 (28)
Net cash used in financing activities (21,872) (25,629)
Effect of exchange rate changes on cash and cash equivalents (128) (87)
Net (decrease) increase in cash, cash equivalents and restricted cash (24,878) 1,461
Cash, cash equivalents and restricted cash at beginning of period 110,871 104,596
Cash, cash equivalents and restricted cash at end of period $ 85,993 $ 106,057