XML 15 R8.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 (loss) $ 8,079 $ (17,201)
Non-cash items included in net income (loss)    
Depreciation and amortization 6,631 7,787
Deferred income taxes 2,637 (4,077)
Impairment of goodwill 20,165
Deferred compensation plan 296 264
Stock compensation expense 494 951
Issuance of common shares as compensation 225 265
Gain on disposition of fixed assets (8,510) (22)
Allowance for doubtful accounts (105) 505
Inventory obsolescence reserve 1,720 2,574
Changes in certain assets and liabilities    
Accounts receivable 8,322 2,902
Inventories (1,981) (7,368)
Refundable income taxes (1,170) 323
Accounts payable 1,015 2,705
Accrued expenses and other (258) (4,373)
Customer prepayments (298) 985
Net cash flows provided by operating activities 17,097 6,385
Cash Flows from Investing Activities    
Proceeds from the sale of assets 20,040
Purchases of property, plant and equipment (1,538) (2,348)
Net cash flows provided by (used in) investing activities 18,502 (2,348)
Cash Flows from Financing Activities    
Payments of long-term debt (169,671) (89,489)
Borrowings of long-term debt 138,049 87,941
Cash dividends paid (3,958) (3,882)
Shares withheld for employees' taxes (124) (99)
Proceeds from stock option exercises 174
Net cash flows used in financing activities (35,530) (5,529)
Change related to foreign currency (215)
Decrease in cash and cash equivalents (146) (1,492)
Cash and cash equivalents at beginning of period 966 3,178
Cash and cash equivalents at end of period $ 820 $ 1,686