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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net loss $ (41,651) $ (37,087) $ (73,595)
Adjustments to reconcile net (loss) to net cash provided by operating activities:      
Depreciation and amortization 27,625 29,896 31,065
Provision for doubtful accounts (877) 1,379 1,363
Impairment of goodwill and intangible assets 0 42,030 0
Impairment losses on fixed assets 1,243 0 0
Restructuring and other transition expenses, net of payments 0 0 1,172
Deferred income taxes 13,404 (300) 41,654
Postretirement benefits and pension settlement cost (21,077) (5,760) 10,948
Net (gains) losses from sales of assets (593) (25,237) 466
ESOP and share-based compensation expense 4,580 4,309 3,674
Net (gains) losses on derivative instruments and investments (3,250) 9,818 9,196
Change in operating assets and liabilities:      
Accounts receivable 1,438 12,893 2,757
Inventories (9,383) 19,530 16,192
Derivative (liabilities) assets, net 5,016 (1,082) (18,901)
Other assets 11,249 990 114
Accounts payable 7,790 (35,784) 16,546
Accrued expenses and other 3,000 (14,140) (7,201)
Net cash (used in) provided by operating activities (1,486) 1,455 35,450
Cash flows from investing activities:      
Purchases of property, plant and equipment (15,117) (17,560) (34,760)
Proceeds from sales of property, plant and equipment 4,421 39,477 2,399
Net cash (used in) provided by investing activities (10,696) 21,917 (32,361)
Cash flows from financing activities:      
Proceeds from revolving and term loan credit facility 80,742 90,000 50,642
Repayments on revolving and term loan credit facility (159,242) (60,000) (48,429)
Proceeds from issuance of term loan 47,500 0 0
Payments of finance lease obligations (105) (53) (215)
Payment of financing costs (6,288) (418) (1,049)
Proceeds from stock option exercises 0 129 507
Net cash (used in) provided by financing activities (37,393) 29,658 1,456
Net (decrease) increase in cash and cash equivalents (49,575) 53,030 4,545
Cash and cash equivalents and restricted cash at beginning of year 60,013 6,983 2,438
Cash and cash equivalents and restricted cash at end of year 10,438 60,013 6,983
Supplemental disclosure of cash flow information:      
Cash paid for interest 5,703 4,426 5,512
Cash paid for income taxes 355 21 107
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash additions to property, plant and equipment 95 446 2,619
Non-cash Issuance of 401-K shares of Common Stock 398 266 37
Less: Cumulative preferred dividends, undeclared and unpaid 574 554 535
West Coast Coffee, Inc.      
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash portion of earnout payable recognized 0 0 400
Boyd Coffee      
Supplemental disclosure of non-cash investing and financing activities:      
Non-cash post-closing working capital adjustment—Boyd Coffee acquisition $ 0 $ 0 $ 2,277