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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:      
Net income $ 7,416 $ 41,054 $ 39,344
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 14,511 15,107 14,803
Amortization 6,683 2,402 1,777
Loss (Gain) on sales of assets (80) 81 (1,117)
Restructuring and asset impairment charges 2,998 4,493 0
Deferred income tax and other deferred charges (3,019) 1,206 (3,807)
Stock-based compensation 5,676 4,919 6,617
Contingent Earn-Out (Gain) Loss (11,600) 0 0
Other, net (1,427) 3,096 (1,456)
Change in operating assets and liabilities:      
Receivables 12,717 (5,247) (338)
Inventories 11,185 (3,045) (4,505)
Prepaid expenses and other current assets (3,503) (3,105) 4,894
Accounts payable (6,643) (8,341) (1,298)
Customer deposits 2,744 (4,962) 2,480
Accrued expenses (10,364) (17,860) 7,573
Net cash provided by operating activities 27,294 29,798 64,967
Cash Flows From Investing Activities:      
Capital expenditures (14,490) (17,551) (19,693)
Proceeds from sales of assets 821 84 1,291
Cash paid for acquisitions (101,478) 0 (4,288)
Purchases of capitalized software (5,044) (3,525) (1,278)
Purchases of available-for-sale securities (10,000) (24,977) (40,778)
Maturities of available-for-sale securities 15,250 52,884 42,406
Other, net (1,043) (774) 154
Net cash provided by (used for) investing activities (115,984) 6,141 (22,186)
Cash Flows From Financing Activities:      
Repayments of long-term debt (27) (25) (23)
Proceeds from long-term debt 40,000 0 0
Dividends paid to shareholders (13,285) (12,921) (11,435)
Repurchases of Common Stock (3,553) (3,004) (9,132)
Repurchase of employee shares for tax withholding (1,162) (1,382) (1,675)
Net cash provided by (used for) financing activities 21,973 (17,332) (22,265)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash [1] (66,717) 18,607 20,516
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year [1] 92,444 73,837 53,321
Cash, Cash Equivalents, and Restricted Cash at End of Year [1] 25,727 92,444 73,837
Supplemental Disclosure of Cash Flow Information      
Initial contingent earn-out liability for Poppin, Inc. acquisition $ 31,790 $ 0 $ 0
[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 and beginning in fiscal year 2021 cash held in escrow for letters of credit that Poppin, Inc. obtained prior to its acquisition.