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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 9,298 $ 4,828
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,089 3,029
Provision for doubtful accounts 25 166
Non-cash stock compensation 1,467 1,129
Deferred income taxes 477 (40)
Earnings on equity investment in joint venture (109) (456)
Changes in assets and liabilities:    
Trade accounts receivable (6,126) (5,894)
Other receivables 1,051 320
Inventory 5,607 6,546
Prepaid expenses and other current assets (1,153) (1,351)
Other assets 106 490
Accounts payable (5,821) (4,357)
Accrued expenses and other liabilities (4,937) (5,309)
Net cash provided by (used in) operating activities 2,974 (899)
Investing activities:    
Purchases of investments (16) (1,083)
Sales of investments 1,006  
Payments for intangible assets (6,450) (921)
Purchases of property and equipment, net (312) (225)
Net cash used in investing activities (5,772) (2,229)
Financing activities:    
Payment of cash dividends   (1,741)
Proceeds from exercise of stock options 115 844
Excess tax benefit on stock option exercises and restricted stock 820 513
Payment of contingent consideration (1,500)  
Borrowings of bank loans 10,500 5,000
Repayment of bank loans (10,549) (2,196)
Net cash (used in) provided by financing activities (614) 2,420
Effect of exchange rate changes on cash 222 (1,520)
Net decrease in cash (3,190) (2,228)
Cash and cash equivalents at beginning of period 34,020 42,897
Cash and cash equivalents at end of period 30,830 $ 40,669
Non-Cash Item    
Dividends declared but unpaid $ 1,745