Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 39,859 $ 24,453
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,631 14,214
Compensation expense related to share-based payment awards 1,647 945
Provision (benefit) for deferred income taxes $ 2,031 1,783
Restructuring and impairment charge, net 784
(Gain) loss on disposal of property, plant and equipment $ (1,716) 2,858
Other (1,024) 2,881
Change in operating assets and liabilities, net of effects of acquired businesses:    
Accounts receivable 1,760 (4,292)
Inventories (11,827) (8,053)
Prepaid and other current assets 1,435 (9,416)
Customer Deposits (1,729) 6,177
Accounts payable (2,209) (5,395)
Accrued expenses and other current liabilities (6,156) (4,491)
Other assets and liabilities 1,900 3
Net cash provided by operating activities 38,602 22,451
Investing activities:    
Proceeds from the disposal of property, plant & equipment 4,199 6,849
Change in restricted cash and investments 197 498
Capital expenditures $ (13,824) (17,528)
Acquisitions (net of cash acquired) (1,991)
Sales of marketable securities $ 2,150 11,320
Other investing activities 140 129
Net cash provided by (used in) investing activities $ (7,138) (723)
Financing activities:    
Borrowings on revolving credit and term loan facilities 75,000
Payments on long-term debt and capital lease obligations $ (29,038) (133,459)
Purchases and retirements of company stock (19,018) (2,791)
Payment of cash dividends (11,910) (9,864)
Payment of deferred financing costs (55) (1,456)
Other financing activities, net 1,396 687
Net cash provided by (used in) financing activities (58,625) (71,883)
Effect of exchange rate changes on cash (206) (585)
Net increase (decrease) in cash & cash equivalents (27,367) (50,740)
Cash & cash equivalents at beginning of period 76,182 109,176
Cash & cash equivalents at end of period $ 48,815 $ 58,436