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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income $ 12,302 $ 2,515
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 8,036 7,781
Amortization of debt issuance costs 221 221
Stock-based compensation 565 565
Acquisition-related items 0 333
Deferred income taxes (277) (652)
Foreign currency (gains) losses, net (4,349) 1,660
Other 97 116
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net 1,002 14,065
Inventories, net (9,501) (9,086)
Other current assets (632) (813)
Other assets (205) (1,071)
Accounts payable (1,188) (11,834)
Accrued expenses and other liabilities (4,373) (7,370)
Net cash provided (used) by operating activities 1,698 (3,570)
INVESTING ACTIVITIES    
Purchases of short-term investments (6,000)  
Capital expenditures (7,420) (7,675)
Business acquisitions 0 (54,560)
Other, net (215) (296)
Net cash (used) by investing activities (13,635) (62,531)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 36,000 119,000
Revolving credit facility repayments (20,000) (47,000)
Payments of long-term debt and other (4,688) (3,215)
Dividends paid (4,854) (4,854)
Net cash provided by financing activities 6,458 63,931
Effect of exchange rate changes on cash 105 (510)
Net increase (decrease) in cash and cash equivalents (5,374) (2,680)
Cash and cash equivalents at beginning of period 36,343 57,573
Cash and cash equivalents at end of period $ 30,969 $ 54,893