XML 51 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES:      
Net income $ 101,863 $ 54,157 $ 21,279
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 8,133 6,364 7,835
Stock-based compensation expense 13,699 11,062 11,361
Excess tax benefits from stock-based compensation (8,089) (2,992) (865)
Allowance for doubtful accounts 326 1,476 929
Provision for inventory 5,928 2,254 9,725
Exchange gain (675) (96) (153)
Deferred income taxes 632 65 (7,010)
Changes in operating assets and liabilities:      
Accounts receivable, net (including changes in related party balances of $(12,565), $353 and $62 in fiscal years 2015, 2014, 2013, respectively) (110,182) (64,874) (48,255)
Inventory (153,584) (63,921) 12,704
Prepaid expenses and other assets (2,741) 618 (67)
Accounts payable (including changes in related party balances of $10,046, $(1,479) and $(1,022) in fiscal years 2015, 2014 and 2013, respectively) 75,520 46,298 (2,208)
Income taxes payable, net 11,951 10,880 4,490
Accrued liabilities 9,551 3,293 4,384
Other long-term liabilities 3,032 1,954 (566)
Net cash provided by (used in) operating activities (44,636) 6,538 13,583
INVESTING ACTIVITIES:      
Restricted cash (416) 406 (412)
Proceeds from investments 0 0 300
Purchases of property, plant and equipment (35,100) (40,567) (5,001)
Investment in a privately held company (661) 0 0
Net cash used in investing activities (36,177) (40,161) (5,113)
FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 23,338 23,928 1,845
Minimum tax withholding paid on behalf of employees for restricted stock awards (175) (681) (1,034)
Excess tax benefits from stock-based compensation 8,089 2,992 865
Proceeds from debt 84,900 17,354 20,641
Repayment of debt (36,000) (6,320) (18,073)
Payment of obligations under capital leases (134) (47) (40)
Contributions from noncontrolling interests 0 0 168
Advances (payments) under receivable financing arrangements 33 (4) (610)
Net cash provided by financing activities 80,051 37,222 3,762
Effect of exchange rate fluctuations on cash (668) 235 (20)
Net increase (decrease) in cash and cash equivalents (1,430) 3,834 12,212
Cash and cash equivalents at beginning of year 96,872 93,038 80,826
Cash and cash equivalents at end of year 95,442 96,872 93,038
Supplemental disclosure of cash flow information:      
Cash paid for interest 933 757 718
Cash paid for taxes, net of refunds 30,671 13,096 8,074
Non-cash investing and financing activities:      
Equipment purchased under capital leases 442 283 85
Accrued costs for property, plant and equipment purchases $ 6,826 $ 2,021 $ 1,871