XML 62 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities:    
Net income $ 31,874 $ 28,235
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,337 11,077
Amortization 1,707 1,455
Loss (Gain) on sales of assets 75 (1,140)
Restructuring and asset impairment charges 2,954 0
Deferred income tax and other deferred charges (500) (4,571)
Stock-based compensation 3,850 4,749
Other, net 3,043 (1,319)
Change in operating assets and liabilities:    
Receivables (5,815) 6,848
Inventories (3,898) (2,863)
Prepaid expenses and other current assets (960) 5,769
Accounts payable (7,929) (7,534)
Customer deposits 2,766 6,371
Accrued expenses (21,136) (4,397)
Net cash provided by operating activities 17,368 42,680
Cash Flows From Investing Activities:    
Capital expenditures (16,132) (15,577)
Proceeds from sales of assets 138 1,277
Cash paid for acquisition 0 (4,850)
Purchases of capitalized software (3,011) (805)
Purchases of available-for-sale securities (24,977) (39,778)
Maturities of available-for-sale securities 44,488 32,550
Other, net (818) (3)
Net cash used for investing activities (312) (27,186)
Cash Flows From Financing Activities:    
Change in long-term debt (25) (23)
Dividends paid to shareholders (9,607) (8,498)
Repurchases of Common Stock (3,004) (9,132)
Repurchase of employee shares for tax withholding (976) (1,035)
Net cash used for financing activities (13,612) (18,688)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (1) [1] 3,444 (3,194)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (1) [1] 73,837 53,321
Cash, Cash Equivalents, and Restricted Cash at End of Period (1) [1] 77,281 50,127
Cash paid during the period for:    
Income taxes 10,406 6,758
Interest expense $ 15 $ 82
[1] The following table reconciles cash and cash equivalents in the balance sheets to cash, cash equivalents, and restricted cash per the statements of cash flows. The restricted cash included in other assets on the balance sheet represents amounts pledged as collateral for a long-term financing arrangement as contractually required by a lender. The restriction will lapse when the related long-term debt is paid off. Restricted cash also included customer deposits held due to a foreign entity being classified as a restricted entity by a government agency subsequent to our receipt of the deposit.