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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 454 $ 4,385
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,301 3,168
Amortization of debt issuance costs and debt discount 1,513 1,432
Amortization of deferred financing costs 270  
Provision for doubtful accounts (15) (58)
Non-cash stock compensation 3,146 1,664
Deferred income taxes (1,099) 1,405
Environmental charge 902 170
Earnings on equity investment in joint venture (231) (325)
Changes in assets and liabilities:    
Trade accounts receivable 21,137 9,141
Other receivables 149 464
Inventory 2,225 (6,105)
Prepaid expenses and other current assets (944) (978)
Other assets (334) (305)
Accounts payable 7,699 3,135
Accrued expenses and other liabilities 792 (6,543)
Net cash provided by operating activities 43,965 10,650
Investing activities:    
Purchases of investments (2,655) (1,017)
Sales of investments 1,646  
Payments for intangible assets (54) (1,594)
Purchases of property and equipment, net (1,506) (541)
Net cash used in investing activities (2,569) (3,152)
Financing activities:    
Payment of cash dividends (1,935) (1,954)
Proceeds from exercise of stock options 73 185
Excess tax benefit on stock option exercises and restricted stock   437
Repayment of bank loans (23,783) (49)
Net cash used in financing activities (25,645) (1,381)
Effect of exchange rate changes on cash 669 197
Net increase in cash 16,420 6,314
Cash and cash equivalents at beginning of period 55,680 66,828
Cash and cash equivalents at end of period $ 72,100 $ 73,142