XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 9,409 $ 27,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,301 9,476
Amortization of debt issuance costs and debt discount 4,355 2,084
Amortization of deferred financing costs 300  
Provision for doubtful accounts (18) (17)
Non-cash stock compensation 5,239 4,965
Deferred income taxes 627 (289)
Environmental remediation charge 903  
Contingent consideration   (1,074)
Earnings on equity investment in joint venture (1,558) (1,849)
Changes in assets and liabilities:    
Trade accounts receivable (14,839) (14,595)
Other receivables 1,664 (1,259)
Inventory (3,778) (4,120)
Prepaid expenses and other current assets (424) (605)
Other assets 215 424
Accounts payable 18,857 5,604
Accrued expenses and other liabilities (4,702) (9,714)
Net cash provided by operating activities 31,551 17,023
Investing activities:    
Payment for net assets of businesses acquired (270,000)  
Purchases of investments (1,824) (19)
Sales of investments 775 1,006
Payments for intangible assets (3,077) (10,951)
Purchases of property and equipment, net (1,386) (878)
Net cash used in investing activities (275,512) (10,842)
Financing activities:    
Payment of cash dividends (5,944) (5,351)
Proceeds from exercise of stock options 550 653
Excess tax benefit on stock option exercises and restricted stock 551 1,169
Payment of contingent consideration   (1,500)
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 265,000 15,500
Payment for deferred financing costs (5,407)  
Repayment of bank loans (16,898) (122,648)
Net cash provided by financing activities 237,852 12,511
Effect of exchange rate changes on cash (757) 381
Net (decrease) increase in cash (6,866) 19,073
Cash and cash equivalents at beginning of period 66,828 34,020
Cash and cash equivalents at end of period $ 59,962 $ 53,093