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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 3,824 $ 9,342
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 5,593 4,904
Deferred income tax 2,711 1,044
Gain on sale of property, plant and equipment (121) (138)
Provision for uncollectible accounts 7 54
Stock-based compensation expense 2,086 1,652
Other 93 63
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable (7,734) (40,595)
Costs and estimated earnings in excess of billings on uncompleted contracts 25,227 (1,093)
Inventories (532) 168
Other assets and liabilities (5,291) (2,206)
Accounts payable (14,463) (13,597)
Billings on uncompleted contracts in excess of costs and estimated earnings (9,568) (5,945)
Accrued expenses 4,998 (3,241)
Net cash provided (used) by operating activities 6,830 (49,588)
Investing activities:    
Acquisition of property, plant and equipment (1,878) (1,826)
Proceeds from asset sales 248 153
Net cash used by investing activities (1,630) (1,673)
Financing activities:    
Advances under senior revolving credit facility 24,890 27,186
Repayments of advances under senior revolving credit facility (27,496) (10,000)
Payments of debt issuance costs (340) 0
Issuances of common stock 0 46
Proceeds from issuance of common stock under employee stock purchase plan 66 83
Repurchase of common stock for payment of statutory taxes due on equity-based compensation (454) (1,878)
Net cash provided (used) by financing activities (3,334) 15,437
Effect of exchange rate changes on cash and cash equivalents 414 (253)
Increase (decrease) in cash and cash equivalents 2,280 (36,077)
Cash and cash equivalents, beginning of period 43,805  
Cash and cash equivalents, end of period 46,085  
Supplemental disclosure of cash flow information:    
Income taxes 98 2,997
Interest 582 238
Non-cash investing and financing activities:    
Purchases of property, plant and equipment on account $ 191 $ 79