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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 6,534 $ 12,302
Adjustments to reconcile net cash provided by operating activities:    
Depreciation and amortization 7,854 8,036
Amortization of debt issuance costs 148 221
Stock-based compensation 0 565
Deferred income taxes (31) (277)
Foreign currency (gains) losses, net 2,155 (4,349)
Other 70 97
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net 4,373 1,002
Inventories, net (9,873) (9,501)
Other current assets 14 (632)
Other assets (741) (205)
Accounts payable 514 (1,188)
Accrued expenses and other liabilities (7,196) (4,373)
Net cash provided by operating activities 3,821 1,698
INVESTING ACTIVITIES    
Purchases of short-term investments (32,000) (6,000)
Maturities of short-term investments 19,000  
Capital expenditures (7,449) (7,420)
Other, net (217) (215)
Net cash used by investing activities (20,666) (13,635)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 86,000 36,000
Revolving credit facility repayments (71,000) (20,000)
Payments of long-term debt and other (1,875) (4,688)
Dividends paid (4,860) (4,854)
Net cash provided by financing activities 8,265 6,458
Effect of exchange rate changes on cash (457) 105
Net decrease in cash and cash equivalents (9,037) (5,374)
Cash and cash equivalents at beginning of period 50,212 36,343
Cash and cash equivalents at end of period $ 41,175 $ 30,969