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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities:    
Net income $ 11,963 $ 9,698
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 745 1,005
Depreciation 1,994 1,616
Amortization of intangible assets 1,099 1,092
Gain on sale-leaseback transaction (6) (5)
Amortization of deferred financing costs 123 124
Change in fair value of interest rate swap (825) 175
Deferred income taxes 2,474 1,601
Non-cash litigation payable (1,330) 0
Gain on sale of equipment (16) 0
Change in operating assets and liabilities:    
Trade receivables 6,570 320
Inventories (3,140) (4,090)
Prepaid expenses and other assets 977 (1,081)
Accounts payable (2,364) 3,484
Income taxes receivable and payable 1,630 (558)
Accrued expenses and other liabilities 2,353 190
Net cash provided by operating activities 22,247 13,571
Investing activities:    
Purchases of property and equipment (5,443) (3,531)
Proceeds from sale or disposal of property, plant and equipment 16 0
Net cash used in investing activities (5,427) (3,531)
Financing activities:    
Principal payments on long-term borrowings (16,117) (3,000)
Cash paid for withholding taxes on vested restricted stock (167) 0
Distributions to LLC Unit holders (621) (489)
Net cash used in financing activities (16,905) (3,489)
Effect of exchange rate changes on cash 73 (21)
Changes in cash (12) 6,530
Cash—Beginning of period 25,921 8,387
Cash—End of period 25,909 14,917
Supplemental cash flow information:    
Cash paid for interest 1,162 1,400
Cash paid for income taxes 1,650 4,396
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 383 142
Establishment of amounts payable under tax receivable agreements 335 118
Exchange of LLC Units by LLC Unit holders for Class A common stock 765 39
Tax distributions payable to non-controlling LLC Unit holders 469 389
Equity issued to directors for services 626 626
Capital expenditures in accounts payable $ 415 $ 338