XML 23 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 89,918 $ 652 $ 12,132
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,774 24,179 27,334
Provision for (recovery of) doubtful accounts 71 (8) 80
Restructuring and other transition expenses, net of payments (2,697) 6,608 0
Deferred income taxes (80,314) 123 137
Net (gains) losses from sales of assets (8,405) 394 (3,814)
ESOP and share-based compensation expense 4,342 5,691 4,692
Net losses (gains) on derivative instruments and investments 12,910 (950) (4,276)
Change in operating assets and liabilities:      
Restricted cash 1,002 (1,002) 8,084
Purchases of trading securities held for investment (7,255) (3,661) (5,915)
Proceeds from sales of trading securities held for investment 5,901 2,358 4,290
Accounts and notes receivable (3,476) 2,078 2,248
Inventories 3,608 20,470 (14,439)
Income tax receivable 288 (307) 181
Derivative (liabilities) assets, net (10,583) (7,269) 3,932
Prepaid expenses and other assets (111) (1,332) (661)
Accounts payable (3,343) (16,841) 17,526
Accrued payroll expenses and other current liabilities 5,829 (4,606) 2,574
Accrued postretirement benefits (358) (1,507) (1,905)
Other long-term liabilities (473) 1,860 695
Net cash provided by operating activities 27,628 26,930 52,895
Cash flows from investing activities:      
Acquisition of business, net of cash acquired 0 (1,200) 0
Purchases of property, plant and equipment (31,050) (19,216) (25,267)
Purchases of construction-in-progress assets under New Facility lease (19,426) 0 0
Proceeds from sales of property, plant and equipment 10,946 273 4,536
Net cash used in investing activities (39,530) (20,143) (20,731)
Cash flows from financing activities:      
Proceeds from revolving credit facility 405 63,376 44,806
Repayments on revolving credit facility (374) (63,947) (65,454)
Proceeds from New Facility lease financing 19,426 0 0
Payments of capital lease obligations (3,147) (3,910) (3,681)
Payment of financing costs (8) (571) 0
Proceeds from stock option exercises 1,694 1,548 1,480
Tax withholding payment - net share settlement of equity awards (159) (116) 0
Net cash provided by (used in) financing activities 17,837 (3,620) (22,849)
Net increase in cash and cash equivalents 5,935 3,167 9,315
Cash and cash equivalents at beginning of year 15,160 11,993 2,678
Cash and cash equivalents at end of year 21,095 15,160 11,993
Supplemental disclosure of cash flow information:      
Cash paid for interest 425 769 1,258
Cash paid for income taxes 324 858 361
Supplemental disclosure of non-cash investing activities:      
Equipment acquired under capital leases 0 55 1,217
Net change in derivative assets and liabilities included in other comprehensive income (loss), net of tax 8,249 (18,506) 17,524
Construction-in-progress assets under New Facility lease 8,684 0 0
New Facility lease obligation 8,684 0 0
Non-cash additions to equipment 441 51 142
Asset held for sale 7,179 0 0
Non-cash portion of earnout recognized $ 496 $ 0 $ 0