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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ (26,363) $ 4,548
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 7,185 7,128
Amortization 4,854 1,702
Loss (gain) on sales of assets 25 (177)
Restructuring and asset impairment charges 1,342 1,462
Deferred income tax and other deferred charges (3) (747)
Goodwill impairment 34,118 0
Stock-based compensation 2,555 2,258
Change in earn-out liability (17,900) 0
Other, net (1,288) (547)
Change in operating assets and liabilities:    
Receivables 5,846 16,720
Inventories (17,846) 5,376
Prepaid expenses and other current assets (1,138) 156
Accounts payable 16,690 (5,785)
Customer deposits 12,247 7,271
Accrued expenses (7,704) (14,844)
Net cash provided by operating activities 12,620 24,521
Cash Flows From Investing Activities:    
Capital expenditures (9,343) (5,895)
Proceeds from sales of assets 124 394
Cash paid for acquisition 0 (100,930)
Purchases of capitalized software (2,198) (3,047)
Purchases of available-for-sale securities 0 (10,000)
Maturities of available-for-sale securities 0 13,750
Other, net 104 (46)
Net cash used for investing activities (11,313) (105,774)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facility 10,000 40,000
Payments on revolving credit facility (10,000) 0
Repayments of long-term debt (30) (27)
Dividends paid to shareholders (6,620) (6,643)
Repurchases of Common Stock (2,447) (638)
Repurchase of employee shares for tax withholding (552) (236)
Net cash (used for) provided by financing activities (9,649) 32,456
Net Decrease in Cash, Cash Equivalents, and Restricted Cash [1] (8,342) (48,797)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at Beginning of Period [1] 25,727 92,444
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at End of Period [1] 17,385 43,647
Non-cash items:    
Contingent earn-out liability upon Poppin, Inc. acquisition 0 31,790
Cash paid (refunded) during the period for:    
Income taxes (149) 6,089
Interest expense $ 497 $ 29
[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 cash held in escrow for repayment of the Payment Protection Program loan that Poppin, Inc. obtained prior to its acquisition.