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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 21,108 $ 41,688
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 25,438 24,300
Amortization of debt issuance costs 514 442
Acquisition-related items   78
Deferred income taxes 235 (120)
Foreign currency gains, net (5,024) (13,492)
Gain on sale of investment   (1,203)
Other (1,201) 284
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable, net 14,985 (10,815)
Inventories, net (30,458) (30,548)
Other current assets (7,481) (1,879)
Other assets (317) (2,364)
Accounts payable (19,718) 19,961
Accrued expenses and other liabilities (5,009) 3,743
Net cash (used) provided by operating activities (6,928) 30,075
INVESTING ACTIVITIES    
Purchases of short-term investments (40,000) (54,100)
Maturities of short-term investments 17,000 75,000
Capital expenditures (40,903) (25,154)
Business acquisition   (10,786)
Sale of investment   1,353
Other, net 167 645
Net cash used by investing activities (63,736) (13,042)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 229,000 215,000
Revolving credit facility repayments (181,000) (186,000)
Proceeds from long-term debt 12,000  
Payments of long-term debt (11,460) (5,625)
Debt issuance costs (640)  
Dividends paid (14,581) (14,581)
Payment of contingent consideration   (4,840)
Net cash provided by financing activities 33,319 3,954
Effect of exchange rate changes on cash 335 (451)
Net (decrease) increase in cash and cash equivalents (37,010) 20,536
Cash and cash equivalents at beginning of period 74,248 50,212
Cash and cash equivalents at end of period $ 37,238 $ 70,748