XML 31 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities:    
Net income $ 19,847us-gaap_NetIncomeLoss $ 23,446us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,940us-gaap_DepreciationAndAmortization 5,494us-gaap_DepreciationAndAmortization
Provision for doubtful accounts 316us-gaap_ProvisionForDoubtfulAccounts 185us-gaap_ProvisionForDoubtfulAccounts
Non-cash stock compensation 3,407us-gaap_ShareBasedCompensation 2,416us-gaap_ShareBasedCompensation
Deferred income taxes (1,000)us-gaap_DeferredIncomeTaxExpenseBenefit (224)us-gaap_DeferredIncomeTaxExpenseBenefit
Earnings on equity investment in joint venture (1,767)us-gaap_IncomeLossFromEquityMethodInvestments (1,769)us-gaap_IncomeLossFromEquityMethodInvestments
Changes in assets and liabilities:    
Trade accounts receivable (33,084)us-gaap_IncreaseDecreaseInAccountsReceivable (8,861)us-gaap_IncreaseDecreaseInAccountsReceivable
Other receivables (3,616)us-gaap_IncreaseDecreaseInOtherReceivables (516)us-gaap_IncreaseDecreaseInOtherReceivables
Inventory (2,695)us-gaap_IncreaseDecreaseInInventories (14,068)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 649us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (596)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets 1,261us-gaap_IncreaseDecreaseInOtherOperatingAssets 1,332us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 9,467us-gaap_IncreaseDecreaseInAccountsPayable 8,110us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other liabilities 4,831us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (1,863)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Net cash provided by operating activities 6,556us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 13,086us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities:    
Payment for net assets of business acquired, net of cash acquired   (228)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchases of investments (1,120)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (101)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Sales of investments   501us-gaap_ProceedsFromSaleOfShortTermInvestments
Payments for intangible assets (1,510)us-gaap_PaymentsToAcquireIntangibleAssets (662)us-gaap_PaymentsToAcquireIntangibleAssets
Purchases of property and equipment, net (581)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (709)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (3,211)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,199)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities:    
Payment of cash dividends (5,232)us-gaap_PaymentsOfDividends (5,115)us-gaap_PaymentsOfDividends
Proceeds from exercise of stock options 1,039us-gaap_ProceedsFromStockOptionsExercised 3,162us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefit on stock option exercises and restricted stock 670us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,586us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payment of contingent consideration (3,000)acet_PaymentOfContingentConsideration  
Payment of deferred consideration (3,500)acet_PaymentOfDeferredConsideration (1,500)acet_PaymentOfDeferredConsideration
Borrowings of bank loans 14,000us-gaap_ProceedsFromBankDebt 8,000us-gaap_ProceedsFromBankDebt
Repayment of bank loans (12,294)us-gaap_RepaymentsOfBankDebt (17,665)us-gaap_RepaymentsOfBankDebt
Net cash used in financing activities (8,317)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (11,532)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash (4,216)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 797us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash (9,188)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,152us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at beginning of period 42,897us-gaap_CashAndCashEquivalentsAtCarryingValue 33,231us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash at end of period $ 33,709us-gaap_CashAndCashEquivalentsAtCarryingValue $ 34,383us-gaap_CashAndCashEquivalentsAtCarryingValue