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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES    
Net income $ 31,062 $ 22,924
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 13,532 13,275
Amortization of debt issuance costs and debt discount 441 441
Stock-based compensation 1,129  
Acquisition-related cost of goods sold   1,671
Acquisition-related accrued compensation   924
Acquisition-related accrued interest   505
Deferred income taxes 135 5,725
Foreign currency (gains) losses, net 12 11
Other (1,071) 418
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net (8,906) (5,075)
Inventories, net (16,278) (10,845)
Other current assets (3,616) (4,751)
Other assets 866 664
Accounts payable 5,169 7,473
Accrued expenses and other liabilities (5,839) 3,733
Net cash provided (used) by operating activities 16,636 37,093
INVESTING ACTIVITIES    
Purchases of short-term investments (10,000) (27,000)
Maturities of short-term investments 11,000  
Capital expenditures (12,117) (8,851)
Business acquisitions (9,838) (15,000)
Other, net 27 (716)
Net cash provided (used) by investing activities (20,928) (51,567)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 103,000 109,870
Revolving credit facility repayments (85,000) (103,870)
Payments of long-term debt, capital leases and other (6,359) (3,236)
Issuance of acquisition note payable 3,775  
Proceeds from common shares issued 341 3,700
Dividends paid (8,883) (8,008)
Net cash provided (used) by financing activities 6,874 (1,544)
Effect of exchange rate changes on cash (414) 120
Net increase (decrease) in cash and cash equivalents 2,168 (15,898)
Cash and cash equivalents at beginning of period 29,168 56,083
Cash and cash equivalents at end of period $ 31,336 $ 40,185