XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
shares in Thousands, $ in Thousands
6 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
shares
Operating activities:    
Net (loss) income $ (13,410) $ 3,821
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 16,547 6,920
Amortization of debt issuance costs and debt discount 3,048 2,884
Amortization of deferred financing costs 552  
Provision for doubtful accounts 166 (73)
Non-cash stock compensation 4,514 3,718
Deferred income taxes 4,827 632
Environmental charge 902 170
Earnings on equity investment in joint venture (1,086) (1,044)
Changes in assets and liabilities:    
Trade accounts receivable 19,938 21,400
Other receivables (3,145) 1,472
Inventory (9,956) (8,986)
Prepaid expenses and other current assets (472) (488)
Other assets (953) 182
Accounts payable 16,221 (2,312)
Accrued expenses and other liabilities 9,212 (8,089)
Net cash provided by operating activities 46,905 20,207
Investing activities:    
Payment for net assets of business acquired   (270,000)
Purchases of investments (2,683) (1,037)
Sales of investments 1,694  
Payments for intangible assets (692) (2,872)
Purchases of property and equipment, net (3,041) (656)
Net cash used in investing activities (4,722) (274,565)
Financing activities:    
Payment of cash dividends (3,929) (3,961)
Proceeds from exercise of stock options 595 510
Excess tax benefit on stock option exercises and restricted stock   569
Borrowings of bank loans   265,000
Payment for deferred financing costs   (5,407)
Repayment of bank loans (30,582) (98)
Net cash (used in) provided by financing activities (33,916) 256,613
Effect of exchange rate changes on cash 983 (1,075)
Net increase in cash 9,250 1,180
Cash and cash equivalents at beginning of period 55,680 66,828
Cash and cash equivalents at end of period $ 64,930 $ 68,008
Noncash Investing and Financing Items [Abstract]    
Number of shares to be issued | shares   5,122
Fair value of future issuance of shares   $ 90,400