XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities:    
Net income $ 16,926 $ 13,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,203 5,184
Provision for doubtful accounts 61 140
Non-cash stock compensation 1,353 881
Deferred income taxes (268) 457
Earnings on equity investment in joint venture (1,748) (1,602)
Contingent consideration 2,840  
Changes in assets and liabilities:    
Investments-trading securities   475
Trade accounts receivable (20,791) (2,457)
Other receivables (1,591) 1,964
Inventory (1,576) (6,036)
Prepaid expenses and other current assets (790) (659)
Other assets 617 607
Accounts payable 7,959 3,282
Accrued expenses and other liabilities 9,222 (5,403)
Net cash provided by operating activities 17,417 9,833
Investing activities:    
Purchases of investments (1,152) (1,138)
Sales of investments 1,029  
Payments received on notes receivable   350
Purchases of property and equipment, net (902) (692)
Payments for intangible assets (563) (726)
Net cash used in investing activities (1,588) (2,206)
Financing activities:    
Payment of cash dividends (4,481) (2,661)
Proceeds from exercise of stock options 1,961 198
Excess tax benefit on stock option exercises and restricted stock 427 32
Payment of deferred consideration (1,470) (1,500)
Repayment of bank loans (8,897) (4,698)
Borrowings of bank loans 7,000  
Net cash used in financing activities (5,460) (8,629)
Effect of exchange rate changes on cash 192 (1,051)
Net increase (decrease) in cash 10,561 (2,053)
Cash at beginning of period 24,862 28,664
Cash at end of period $ 35,423 $ 26,611