XML 19 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net cash flows from operating activities:    
Net loss $ (11,642) $ (15,221)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 19,087 15,635
Amortization of financing fees 236 247
(Gain)/loss on disposal of assets (69) 1
Gain on sale-leaseback (371) (555)
Share-based compensation 2,729 3,224
Deferred income taxes (571)  
Construction allowances from landlords 6,688 1,419
Change in operating assets and liabilities:    
Inventories (23,122) (25,970)
Prepaid and other assets 883 (427)
Accounts payable 19,396 (12,841)
Accrued liabilities 2,199 937
Deferred rent 1,921 2,666
Income taxes payable 71 (338)
Other liabilities — non-current 367 105
Net cash provided by/(used in) operating activities 17,802 (31,118)
Net cash flows from investing activities:    
Capital expenditures (25,552) (27,359)
Purchase of intellectual property (30) (4)
Proceeds from sale of assets 69 93
Net cash used in investing activities (25,513) (27,270)
Net cash flows from financing activities:    
Proceeds under revolving credit facility 153,900 152,200
Repayments under revolving credit facility (140,000) (111,200)
Change in cash overdraft (60) 7,000
Purchase of treasury stock   (23)
Proceeds from the exercise of employee stock options 4 8
Payments on capital leases (119)  
Net cash provided by financing activities 13,725 47,985
Net increase/(decrease) in cash and cash equivalents 6,014 (10,403)
Cash and cash equivalents, beginning of period 6,263 14,150
Cash and cash equivalents, end of period $ 12,277 $ 3,747