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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ (20,068) $ 19
Adjustments to reconcile net income (loss) to net cash (used for) provided by operating activities:    
Depreciation 10,820 10,836
Amortization 7,212 4,212
Gain on sales of assets (4,537) (165)
Restructuring and asset impairment charges 1,527 1,916
Deferred income tax and other deferred charges 95 (491)
Goodwill impairment 34,118 0
Stock-based compensation 3,708 4,048
Change in earn-out liability (15,750) 0
Other, net (2,528) (1,440)
Change in operating assets and liabilities:    
Receivables (12,847) 24,055
Inventories (29,254) 7,057
Prepaid expenses and other current assets (7,928) (1,991)
Accounts payable 27,600 (9,391)
Customer deposits 3,157 2,636
Accrued expenses (1,927) (13,971)
Net cash (used for) provided by operating activities (6,602) 27,330
Cash Flows From Investing Activities:    
Capital expenditures (12,869) (8,968)
Proceeds from sales of assets 5,498 498
Cash paid for acquisition 0 (101,478)
Purchases of capitalized software (2,925) (4,940)
Purchases of available-for-sale securities 0 (10,000)
Maturities of available-for-sale securities 0 14,750
Other, net (50) 74
Net cash used for investing activities (10,346) (110,064)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facility 45,000 40,000
Payments on revolving credit facility (27,000) 0
Repayments of long-term debt (30) (28)
Dividends paid to shareholders (9,925) (9,969)
Repurchases of Common Stock (2,447) (2,077)
Repurchase of employee shares for tax withholding (590) (258)
Net cash provided by financing activities 5,008 27,668
Net Decrease in Cash, Cash Equivalents, and Restricted Cash [1] (11,940) (55,066)
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] 13,787 37,378
Non-cash items:    
Contingent earn-out liability upon Poppin, Inc. acquisition 0 31,790
Cash paid (refunded) during the period for:    
Income taxes (99) 6,239
Interest expense $ 862 $ 211
[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 debt is paid. 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.