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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 1,664 $ 21,108
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 26,977 25,438
Amortization of debt issuance costs 780 514
Deferred income taxes (6,806) 235
Foreign currency losses (gains), net 4,261 (5,024)
Acquisition-related items 1,033  
Pension settlement cost 10,674  
Brazil employment taxes 4,202  
Stock-based compensation 296  
Other 3,865 (1,201)
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable, net 3,045 14,985
Inventories, net (5,891) (30,458)
Other current assets 3,437 (7,481)
Other assets 624 (317)
Accounts payable 8,099 (19,718)
Accrued expenses and other liabilities 2,905 (5,009)
Net cash provided (used) by operating activities 59,165 (6,928)
INVESTING ACTIVITIES    
Purchases of short-term investments (65,523) (40,000)
Maturities of short-term investments 57,000 17,000
Capital expenditures (28,166) (40,903)
Business acquisition, net of cash acquired (3,282)  
Other, net 888 167
Net cash used by investing activities (39,083) (63,736)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 155,000 229,000
Revolving credit facility repayments (131,000) (181,000)
Proceeds from long-term debt   12,000
Payments of long-term debt (15,315) (11,460)
Debt issuance costs   (640)
Proceeds from insurance premium financing and other short-term debt 2,694  
Payments of insurance premium financing and other short-term debt (5,353)  
Dividends paid (14,581) (14,581)
Net cash (used) provided by financing activities (8,555) 33,319
Effect of exchange rate changes on cash (2,583) 335
Net increase (decrease) in cash and cash equivalents 8,944 (37,010)
Cash and cash equivalents at beginning of period 41,281 74,248
Cash and cash equivalents at end of period $ 50,225 $ 37,238