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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 27,992 $ 19,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,476 8,940
Amortization of debt issuance costs and debt discount 2,084  
Provision for doubtful accounts (17) 316
Non-cash stock compensation 4,965 3,407
Deferred income taxes (289) (1,000)
Contingent consideration (1,074)  
Earnings on equity investment in joint venture (1,849) (1,767)
Changes in assets and liabilities:    
Trade accounts receivable (14,595) (33,084)
Other receivables (1,259) (3,616)
Inventory (4,120) (2,695)
Prepaid expenses and other current assets (605) 649
Other assets 424 1,261
Accounts payable 5,604 9,467
Accrued expenses and other liabilities (9,714) 4,831
Net cash provided by operating activities 17,023 6,556
Investing activities:    
Purchases of investments (19) (1,120)
Sales of investments 1,006  
Payments for intangible assets (10,951) (1,510)
Purchases of property and equipment, net (878) (581)
Net cash used in investing activities (10,842) (3,211)
Financing activities:    
Payment of cash dividends (5,351) (5,232)
Proceeds from exercise of stock options 653 1,039
Excess tax benefit on stock option exercises and restricted stock 1,169 670
Payment of contingent consideration (1,500) (3,000)
Payment of deferred consideration   (3,500)
Proceeds from convertible senior notes 143,750  
Payment for debt issuance costs (5,153)  
Proceeds from sold warrants 13,685  
Purchase of call option (hedge) (27,174)  
Termination payment for interest rate swap (420)  
Borrowings of bank loans 15,500 14,000
Repayment of bank loans (122,648) (12,294)
Net cash provided by (used in) financing activities 12,511 (8,317)
Effect of exchange rate changes on cash 381 (4,216)
Net increase (decrease) in cash 19,073 (9,188)
Cash and cash equivalents at beginning of period 34,020 42,897
Cash and cash equivalents at end of period $ 53,093 $ 33,709