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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:      
Net (loss) income $ (73,595) $ (18,280) $ 22,551
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 31,065 30,464 22,970
Provision for doubtful accounts 1,363 137 325
Impairment losses on intangible assets 0 3,820 0
Change in estimated fair value of contingent earnout consideration 0 (500) 0
Restructuring and other transition expenses, net of payments 1,172 (1,185) 1,034
Interest on sale-leaseback financing obligation 0 0 681
Deferred income taxes 41,654 17,155 14,343
Pension settlement cost 10,948 0 0
Net gain from sale of Torrance Facility 0 0 (37,449)
Net gains from sales of Spice Assets and other assets 466 (995) (2,129)
ESOP and share-based compensation expense 3,674 3,822 3,959
Net losses on derivative instruments and investments 9,196 1,982 2,361
Change in operating assets and liabilities:      
Accounts receivable 2,757 (4,628) (14)
Inventories 16,192 (15,513) (8,041)
Derivative (liabilities) assets, net (18,901) (7,782) 2,264
Other assets 114 1,073 22,932
Accounts payable 16,546 3,864 8,885
Accrued expenses and other liabilities (7,201) (4,579) (12,560)
Net cash provided by operating activities 35,450 8,855 42,112
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired 0 (39,608) (25,853)
Purchases of property, plant and equipment (34,760) (35,443) (45,195)
Purchases of assets for construction of New Facility 0 (1,577) (39,754)
Proceeds from sales of property, plant and equipment 2,399 1,988 4,078
(continued on next page) (32,361) (74,640) (106,724)
Cash flows from financing activities:      
Proceeds from revolving credit facility 50,642 85,315 77,985
Repayments on revolving credit facility (48,429) (23,149) (50,473)
Proceeds from sale-leaseback financing obligation 0 0 42,455
Proceeds from New Facility lease financing obligation 0 0 16,346
Repayments of New Facility lease financing 0 0 (35,772)
Payments of capital lease obligations (215) (947) (1,433)
Payment of financing costs (1,049) (579) 0
Proceeds from stock option exercises 507 1,342 688
Tax withholding payment - net share settlement of equity awards 0 0 (38)
Net cash provided by financing activities 1,456 61,982 49,758
Net (decrease) increase in cash and cash equivalents 4,545 (3,803) (14,854)
Cash and cash equivalents at beginning of year 2,438 6,241 21,095
Cash and cash equivalents at end of year 6,983 2,438 6,241
Supplemental disclosure of cash flow information:      
Cash paid for interest 5,512 3,177 1,504
Cash paid for income taxes 107 144 567
Supplemental disclosure of non-cash investing and financing activities:      
Equipment acquired under capital leases 0 0 417
Net change in derivative assets and liabilities included in other comprehensive (loss) income, net of tax (2) (5,122) (2,390)
Non-cash additions to property, plant and equipment 2,619 2,814 5,517
Non-cash portion of earnout receivable recognized—Spice Assets sale 0 298 419
Non-cash portion of earnout payable recognized 0 11,756 0
Non-cash Issuance of 401-K shares of Common Stock 37 0 0
Option costs paid with exercised shares 0 550
Cumulative preferred dividends, undeclared and unpaid 534 389 0
West Coast Coffee, Inc.      
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash portion of earnout payable recognized 400 0 600
Non-cash receivable from West Coast Coffee—post-closing final working capital adjustment 0 218 0
Boyd Coffee      
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash post-closing working capital adjustment—Boyd Coffee acquisition 2,277 1,056 0
Earnout Payable [Member] | China Mist Brands, Inc      
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash portion of earnout payable recognized 0 0 500
Networking Capital Payable [Member] | China Mist Brands, Inc      
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash portion of earnout payable recognized $ 0 $ 0 $ 553