XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 3,856 $ 6,534
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,450 7,854
Amortization of debt issuance costs 147 148
Deferred income taxes (13) (31)
Foreign currency losses, net 3,370 2,155
Other (309) 70
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable, net 22,347 4,373
Inventories, net (24,977) (9,873)
Other current assets (7,682) 14
Other assets (31) (741)
Accounts payable (5,595) 514
Accrued expenses and other liabilities (10,261) (7,196)
Net cash (used in) provided by operating activities (10,698) 3,821
INVESTING ACTIVITIES    
Purchases of short-term investments   (32,000)
Maturities of short-term investments 7,000 19,000
Capital expenditures (23,176) (7,449)
Other, net 27 (217)
Net cash used in investing activities (16,149) (20,666)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 62,000 86,000
Revolving credit facility repayments (36,000) (71,000)
Proceeds from long-term debt 12,000  
Payments of long-term debt (3,750) (1,875)
Debt issuance costs (71)  
Dividends paid (4,860) (4,860)
Net cash provided (used) by financing activities 29,319 8,265
Effect of exchange rate changes on cash (440) (457)
Net increase (decrease) in cash and cash equivalents 2,032 (9,037)
Cash and cash equivalents at beginning of period 74,248 50,212
Cash and cash equivalents at end of period $ 76,280 $ 41,175