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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (31,761) $ 52,647
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 13,821 15,014
Amortization of intangible assets 4,192 11,415
Reduction in carrying amount of right-of-use asset 8,834 9,274
Provision for credit losses 1,770 245
Share-based compensation 58,709 46,561
Deferred income taxes (153) 338
Non-cash interest expense 795 756
Other (3,225) (6,148)
Changes in operating assets and liabilities:    
Accounts receivable, net 85,837 25,216
Inventories (97,589) (21,989)
Prepaid expenses and other assets (13,855) 2,226
Accounts payable (17,340) 12,570
Accrued compensation and benefits (27,252) (6,158)
Operating lease liabilities (8,780) (11,172)
Deferred revenue 59,301 46,502
Other current and long-term liabilities 6,693 (8,778)
Net cash provided by operating activities 39,997 168,519
Cash flows from investing activities:    
Capital expenditures (13,632) (8,634)
Net cash used in investing activities (13,632) (8,634)
Cash flows from financing activities:    
Payments on revolving facility (25,000)  
Payments on debt obligations (7,500) (71,625)
Repurchase of common stock (49,855) (74,807)
Payments for tax withholdings, net of proceeds from issuance of common stock (27,564) (1,685)
Deferred payments on an acquisition   (3,000)
Net cash used in financing activities (109,919) (151,117)
Foreign currency effect on cash and cash equivalents (265) (294)
Net increase (decrease) in cash and cash equivalents (83,819) 8,474
Cash and cash equivalents at beginning of period 234,826 194,522
Cash and cash equivalents at end of period $ 151,007 $ 202,996