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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net income $ 11,066 $ 23,999
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 16,949 15,855
Amortization of debt issuance costs 326 295
Deferred income taxes (121) (537)
Foreign currency gains, net (875) (2,890)
Gain on sale of investment   (1,203)
Other (702) 259
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable, net 14,839 1,427
Inventories, net (29,082) (21,975)
Other current assets (7,744) (561)
Other assets 1,035 (2,578)
Accounts payable (14,614) 13,859
Accrued expenses and other liabilities (4,264) (2,007)
Net cash (used) provided by operating activities (13,187) 23,943
INVESTING ACTIVITIES    
Purchases of short-term investments (10,000) (32,100)
Maturities of short-term investments 17,000 43,000
Capital expenditures (32,995) (15,139)
Cash proceeds from the sale of investment   1,353
Other, net 36 (212)
Net cash used by investing activities (25,959) (3,098)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 197,000 163,000
Revolving credit facility repayments (158,000) (151,000)
Proceeds from long-term debt 12,000  
Payments of long-term debt (7,605) (3,750)
Debt issuance costs (640)  
Dividends paid (9,720) (9,721)
Payment of contingent consideration   (4,840)
Net cash (used) provided by financing activities 33,035 (6,311)
Effect of exchange rate changes on cash 285 (1,361)
Net (decrease) increase in cash and cash equivalents (5,826) 13,173
Cash and cash equivalents at beginning of period 74,248 50,212
Cash and cash equivalents at end of period $ 68,422 $ 63,385