XML 19 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 8,406 $ (29,519)
Adjustments to reconcile net income (loss) to net cash (used) provided by operating activities:    
Depreciation and amortization 9,547 11,243
Gain on sale of assets (3,126) 0
Income from extinguishment of loan 0 (8,200)
Restructuring of operations (1,328) 6,619
Stock compensation expense 2,428 2,154
Provision for deferred income taxes (849) 17,655
Other, net 201 798
Changes in operating assets and liabilities    
Trade accounts receivable (8,405) (7,810)
Inventories (18,552) 9,063
Other assets (3,081) (5,007)
Accounts payable (638) 4,606
Accrued liabilities 8,581 7,058
Accrued retirement benefits (1,497) (2,132)
Net cash (used) provided by operating activities (8,312) 6,528
Cash flows from investing activities:    
Capital expenditures (4,729) (4,464)
Proceeds on note receivable 500 1,500
Proceeds from sale of plant assets 9,455 102
Proceeds from life insurance policy 0 253
Other, net 675 (133)
Net cash provided (used) by investing activities 5,901 (2,742)
Cash flows from financing activities:    
Borrowings under revolving loan agreement 104,473 76,335
Repayments under revolving loan agreement (95,704) (78,370)
Repayments of long-term borrowings (3,081) (1,091)
Payments of finance lease obligations (933) (747)
Payments of withholding taxes on stock compensation (487) (224)
Dividends paid to noncontrolling interest (214) (220)
Net cash provided (used) by financing activities 4,054 (4,317)
Effect of exchange rate changes on cash (1,462) 2,183
Net change in cash 181 1,652
Cash:    
Beginning of year 12,340 10,688
End of year 12,521 12,340
Supplemental cash flow information:    
Interest 2,254 2,366
Income taxes $ 3,190 $ 3,257