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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) $ (48,194) $ (115,727) $ (72,105) $ (97,838)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization     34,360 37,909
Deferred income taxes     (18,764) (44,809)
Equity in net loss of equity-method investees 966 528 2,371 1,226
Stock-based compensation, net 3,017 3,228 10,135 10,657
Intangibles and long-lived asset impairment 49,426 156,583 70,786 156,923
Loss (gain) on sale of assets     62 (3,529)
Other non-cash items, net     944 (1,526)
(Decrease) increase in cash attributable to changes in operating assets and liabilities:        
Accounts receivable     (30,672) (7,926)
Inventories     27,432 (8,534)
Other current assets     13,830 455
Other assets and liabilities     (4,466) 3,496
Accounts payable and accrued expenses     43,046 (20,195)
Net cash provided by operating activities     76,959 26,309
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property, plant and equipment     (24,769) (21,434)
Investments and joint ventures, net     0 433
Proceeds from sale of assets     1,520 7,758
Net cash used in investing activities     (23,249) (13,243)
CASH FLOWS FROM FINANCING ACTIVITIES        
Borrowings under bank revolving credit facility     152,000 275,000
Repayments under bank revolving credit facility     (197,000) (301,000)
Repayments under term loan     (5,625) (5,625)
Payments of other debt, net     (3,875) (2,116)
Employee shares withheld for taxes     (1,600) (1,051)
Net cash used in financing activities     (56,100) (34,792)
Effect of exchange rate changes on cash     (1,425) (104)
Net decrease in cash and cash equivalents     (3,815) (21,830)
Cash and cash equivalents at beginning of period 53,364 65,512    
Cash and cash equivalents at end of period $ 49,549 $ 43,682 $ 49,549 $ 43,682