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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities:    
Net income $ 830 $ 11,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash compensation expense 850 745
Non-cash compensation to directors 404 377
Depreciation 3,417 1,994
Amortization of intangible assets 2,612 1,099
Gain on sale-leaseback transaction (5) (6)
Amortization of deferred financing costs 1,046 123
Change in fair value of interest rate swap (203) (825)
Deferred income taxes 46,764 2,474
Non-cash litigation payable 0 1,330
Adjustment to tax receivable agreement liability (27,702) 0
Gain on sale of equipment 0 (16)
Change in operating assets and liabilities, net of effects of acquisitions:    
Trade receivables 1,315 6,570
Inventories (6,037) (3,140)
Prepaid expenses and other assets (512) 726
Accounts payable 1,954 (2,364)
Income taxes receivable and payable 65 1,630
Accrued expenses and other liabilities 2,227 2,227
Net cash provided by operating activities 27,025 22,247
Investing activities:    
Purchases of property, plant and equipment (4,923) (5,443)
Proceeds from sale or disposal of property, plant and equipment 0 16
Payment for acquisition, net of cash acquired (125,552) 0
Net cash used in investing activities (130,475) (5,427)
Financing activities:    
Principal payments on long-term borrowings (50,000) (16,117)
Proceeds from long-term borrowings 105,000 0
Payment of deferred financing costs (1,148) 0
Proceeds from issuance of Class A Common Stock in offering, net of underwriting discounts 55,317 0
Cash paid for withholding taxes on vested restricted stock (650) 0
Cash paid for withholding taxes on vested restricted stock (543) (167)
Distributions to LLC Unit holders (636) (621)
Net cash provided by (used in) financing activities 107,340 (16,905)
Effect of exchange rate changes on cash 19 73
Changes in cash 3,909 (12)
Cash—Beginning of period 32,822 25,921
Cash—End of period 36,731 25,909
Supplemental cash flow information:    
Cash paid for interest 861 1,162
Cash paid for income taxes 2,740 1,650
Non-cash investing and financing activities:    
Establishment of deferred tax assets from step-up in tax basis 2,513 383
Establishment of amounts payable under tax receivable agreements 1,259 335
Exchange of LLC Units by LLC Unit holders for Class A common stock 738 144
Tax distributions payable to non-controlling LLC Unit holders 361 469
Capital expenditures in accounts payable $ 659 $ 415