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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income/(loss) $ 18,624 $ (9,629)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 4,384 6,383
Loss on abandonment of assets 4,804  
Amortization of financing fees 2,466 54
(Gain)/loss on disposal of assets (1,037) 133
Share-based compensation 582 705
Gain on lease terminations (82,010)  
Construction allowances from landlords 120 247
Change in operating assets and liabilities:    
Inventories 6,651 (48,010)
Prepaid and other current assets 3,152 273
Accounts payable 18,639 21,093
Accrued liabilities 37,809 3,422
Operating lease assets and liabilities (351) (490)
Income taxes payable   470
Other liabilities — non-current 1,411 97
Net cash provided by/(used in) operating activities 15,244 (25,252)
Cash flows from investing activities:    
Capital expenditures (619) (4,744)
Proceeds from sales of assets 1,096 10
Net cash provided by/(used in) investing activities 477 (4,734)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 170,280 90,700
Repayments of borrowings under revolving credit facility (170,280) (67,450)
Change in cash overdraft   692
Payments on finance leases (69) (71)
Payment of financing fees (444) (7)
Net cash provided by/(used in) financing activities (513) 23,864
Net increase/(decrease) in cash and cash equivalents 15,208 (6,122)
Cash and cash equivalents, beginning of period 46,676 11,395
Cash and cash equivalents, end of period $ 61,884 $ 5,273