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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 33,971 $ 30,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 34,830 30,320
Stock-based compensation expense 14,836 13,045
Benefit for deferred income taxes (1,054) (5,482)
Other non-cash items 2,715 1,243
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Accounts receivable, unbilled receivable, and cost in excess of billings (22,081) (19,827)
Inventory (13,770) (24,931)
Prepaid income taxes 3,761 (1,060)
Prepaid expenses and other current assets (724) 944
Other non-current assets 137 277
Accounts payable and accrued expenses 15,610 2,943
Deferred revenues and customer advances (2,065) 2,758
Income taxes payable 4,795 (11,286)
Other non-current liabilities 587 (2,046)
Net cash provided by operating activities 71,548 17,680
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (81,529) (185,396)
Purchases of property and equipment (17,862) (11,067)
Other investing activities 0 (375)
Net cash used in investing activities (99,391) (196,838)
Cash flows from financing activities:    
Proceeds from employee stock plans 1,677 2,049
Borrowings under credit facilities 81,500 210,000
Repayments of Long-term Lines of Credit 0 (15,000)
Payments for retirement of common stock (7,434) (15,118)
Payments of deferred financing and offering costs (1,851) 0
Net cash provided by financing activities 73,892 181,931
Effect of exchange rate changes on cash and cash equivalents (55) (193)
Net increase in cash and cash equivalents 45,994 2,580
Cash and cash equivalents at beginning of period 66,521 41,637
Cash and cash equivalents at end of period 112,515 44,217
Cash paid during the period for:    
Interest 8,163 1,101
Income taxes $ 5,179 $ 9,928