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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:      
Net earnings $ 11,385 $ 3,870 $ 4,251
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 10,161 10,657 10,838
Loss on sale of plant assets 215 26 287
Impairment charge 0 0 1,405
Stock compensation expense 696 1,184 2,681
Restructuring of operations 3,282 961 708
Provision for deferred income taxes (442) 634 687
Changes in operating assets and liabilities:      
Trade accounts receivable (7,248) 7,076 17,636
Inventories 8,860 6,972 176
Other assets (4,090) 2,198 (3,136)
Accounts payable 914 1,364 (2,457)
Accrued liabilities 380 (8,531) (4,969)
Accrued/prepaid retirement benefits (7,053) (662) (3,631)
Net cash provided by operating activities 17,060 25,749 24,476
Cash flows from investing activities:      
Proceeds from sale of plant assets 279 103 315
Capital expenditures (9,049) (7,245) (6,582)
Other, net 1,934 34 (231)
Net cash used by investing activities (6,836) (7,108) (6,498)
Cash flows from financing activities:      
Proceeds from senior notes 0 0 32
Payments of senior notes (3,600) (3,651) (96)
Borrowings under revolving loan agreement 83,681 70,443 83,450
Repayments under revolving loan agreement (84,674) (75,544) (88,382)
Proceeds from exercise of stock options 15 0 189
Acquisition of treasury stock 0 0 (3,069)
Dividends paid to shareholders (4,061) (4,059) (4,078)
Dividends paid to noncontrolling interest (220) (487) (204)
Excess tax benefits from stock compensation (26) 524 1,451
Payments of withholding taxes on stock compensation (313) (2,169) (1,700)
Net cash used by financing activities (9,198) (14,943) (12,407)
Effect of exchange rate changes on cash (2,847) 335 (548)
Net change in cash (1,821) 4,033 5,023
Cash:      
Beginning of year 24,757 20,724 15,701
End of year 22,936 24,757 20,724
Cash paid during the year for:      
Interest 569 989 1,536
Income taxes $ 5,061 $ 3,691 $ 2,545