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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Operating activities:      
Net income $ 34,766 $ 33,483 $ 29,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 12,698 11,849 8,091
Amortization of debt issuance costs and debt discount 3,496    
Provision for doubtful accounts 76 484 8
Non-cash stock compensation 6,719 4,537 3,156
Deferred income taxes (18) (1,874) (3,083)
Earnings on equity investment in joint venture (2,060) (1,761) (2,024)
Contingent consideration (1,074) (3,468)  
Environmental remediation charge 1,313 1,618  
Changes in assets and liabilities:      
Trade receivables (6,149) (44,181) (19,400)
Other receivables 136 (5,644) 1,353
Inventory (2,489) (229) (7,764)
Prepaid expenses and other current assets (243) 304 (232)
Other assets (557) 1,254 57
Accounts payable (8,937) 8,133 5,216
Accrued expenses and other liabilities (7,689) 1,816 8,868
Distributions from joint venture 1,843 2,022 1,810
Net cash provided by operating activities 31,831 8,343 25,056
Investing activities:      
Payment for net assets of businesses acquired     (86,140)
Purchases of investments (34) (2,720) (108)
Sales of investments 2,517   1,506
Payments for intangible assets (11,249) (1,564) (746)
Purchases of property and equipment, net (1,128) (617) (1,145)
Net cash used in investing activities (9,894) (4,901) (86,633)
Financing activities:      
Proceeds from exercise of stock options 729 1,273 3,655
Excess income tax benefit on stock option exercises and restricted stock 1,219 790 1,752
Payment of cash dividends (7,084) (6,964) (6,806)
Payment of deferred consideration   (3,500) (1,500)
Payment of contingent consideration (1,500) (4,500)  
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 19,000 114,145
Repayment of bank loans (122,697) (14,344) (40,713)
Net cash provided by (used in) financing activities 10,855 (8,245) 70,533
Effect of foreign exchange rate changes on cash 16 (4,074) 710
Net increase (decrease) in cash and cash equivalents 32,808 (8,877) 9,666
Cash and cash equivalents at beginning of period 34,020 42,897 33,231
Cash and cash equivalents at end of period $ 66,828 $ 34,020 $ 42,897