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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) $ 6,975 $ (8,015)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 9,004 8,871
Amortization of debt issuance costs 367 260
Deferred income taxes (4,883) (2,691)
Foreign currency (gains) losses, net (517) 3,222
Pension settlement cost   10,425
Stock-based compensation 179 81
Other (461) 959
Changes in operating assets and liabilities    
Accounts receivable, net 9,208 12,781
Inventories, net (5,164) (5,005)
Other current assets (979) (3,297)
Other assets 1,113 (191)
Accounts payable 1,304 4,603
Accrued expenses and other liabilities (3,524) (5,804)
Net cash provided by operating activities 12,622 16,199
INVESTING ACTIVITIES    
Purchases of short-term investments   (17,000)
Maturities of short-term investments 6,000 9,000
Capital expenditures (9,583) (7,476)
Other, net 653 124
Net cash used by investing activities (2,930) (15,352)
FINANCING ACTIVITIES    
Revolving credit facility borrowings 267,000 51,000
Revolving credit facility repayments (264,000) (38,000)
Proceeds from long-term debt 300,000  
Payments of long-term debt (315,015) (5,105)
Debt issuance costs (10,377)  
Payments of insurance premium financing (1,945) (1,739)
Dividends paid (4,860) (4,860)
Net cash (used) provided by financing activities (29,197) 1,296
Effect of exchange rate changes on cash 729 (271)
Net (decrease) increase in cash and cash equivalents (18,776) 1,872
Cash and cash equivalents at beginning of period 70,613 41,281
Cash and cash equivalents at end of period $ 51,837 $ 43,153