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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) $ (13,535) $ 10,966 $ (23,911) $ 17,889
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:        
Depreciation and amortization     23,502 24,125
Deferred income taxes     (16,791) (1,983)
Equity in net loss of equity-method investees 907 316 1,405 698
Stock-based compensation, net 3,376 3,435 7,118 7,429
Long-lived asset impairment 20,666 340 21,360 340
Loss (gain) on sale of assets     62 (3,395)
Other non-cash items, net     965 (2,505)
(Decrease) increase in cash attributable to changes in operating assets and liabilities:        
Accounts receivable     (30,647) (6,536)
Inventories     15,166 (18,629)
Other current assets     4,882 (331)
Other assets and liabilities     (2,576) 4,178
Accounts payable and accrued expenses     34,150 (23,932)
Net cash provided by (used in) operating activities     34,685 (2,652)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property, plant and equipment     (12,735) (14,055)
Investments and joint ventures, net     0 433
Proceeds from sale of assets     1,332 7,608
Net cash used in investing activities     (11,403) (6,014)
CASH FLOWS FROM FINANCING ACTIVITIES        
Borrowings under bank revolving credit facility     122,000 185,000
Repayments under bank revolving credit facility     (137,000) (191,000)
Repayments under term loan     (3,750) (3,750)
Payments of other debt, net     (3,854) (159)
Employee shares withheld for taxes     (1,489) (983)
Net cash used in financing activities     (24,093) (10,892)
Effect of exchange rate changes on cash     1,119 (2,517)
Net increase (decrease) in cash and cash equivalents     308 (22,075)
Cash and cash equivalents at beginning of period 53,364 65,512    
Cash and cash equivalents at end of period $ 53,672 $ 43,437 $ 53,672 $ 43,437