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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:      
Net Income (Loss) $ (15,714) $ 7,416 $ 41,054
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:      
Depreciation 14,496 14,511 15,107
Amortization 9,614 6,683 2,402
Loss (Gain) on sales of assets (4,505) (80) 81
Restructuring and asset impairment charges 6,375 2,998 4,493
Deferred income tax and other deferred charges 1,265 (3,019) 1,206
Goodwill impairment 34,118 0 0
Stock-based compensation 5,143 5,676 4,919
Change in long-term earn-out liability (17,030) (11,600) 0
Other, net (1,080) (1,427) 3,096
Change in operating assets and liabilities:      
Receivables (20,658) 12,717 (5,247)
Inventories (43,678) 11,185 (3,045)
Prepaid expenses and other current assets (8,694) (3,503) (3,105)
Accounts payable 27,865 (6,643) (8,341)
Customer deposits 5,268 2,744 (4,962)
Accrued expenses 2,642 (10,364) (17,860)
Net cash provided by (used for) operating activities (4,573) 27,294 29,798
Cash Flows From Investing Activities:      
Capital expenditures (21,188) (14,490) (17,551)
Proceeds from sales of assets 5,435 821 84
Cash paid for acquisitions 0 (101,478) 0
Purchases of capitalized software (3,923) (5,044) (3,525)
Purchases of available-for-sale securities 0 (10,000) (24,977)
Maturities of available-for-sale securities 0 15,250 52,884
Other, net (187) (1,043) (774)
Net cash provided by (used for) investing activities (19,863) (115,984) 6,141
Cash Flows From Financing Activities:      
Proceeds from revolving credit facility 113,000 40,000 0
Payments on revolving credit facility (85,000) 0 0
Repayments of long-term debt (30) (27) (25)
Dividends paid to shareholders (13,237) (13,285) (12,921)
Repurchases of Common Stock (3,048) (3,553) (3,004)
Repurchase of employee shares for tax withholding (980) (1,162) (1,382)
Net cash provided by (used for) financing activities 10,705 21,973 (17,332)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash [1] (13,731) (66,717) 18,607
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year [1] 25,727 92,444 73,837
Cash, Cash Equivalents, and Restricted Cash at End of Year [1] 11,996 25,727 92,444
Supplemental Disclosure of Cash Flow Information      
Initial contingent earn-out liability for Poppin, Inc. acquisition $ 0 $ 31,790 $ 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.