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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net income $ 6,237 $ 8,356
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions and disposals:    
Depreciation and amortization 9,126 10,906
Stock-based compensation expense 5,738 4,353
Deferred income tax (83) 1,657
Gain on disposal of business (Note 3) (427) 0
Gain on sale of property, plant and equipment (727) (103)
Provision for uncollectible accounts (34) 12
Other 202 194
Changes in operating assets and liabilities increasing (decreasing) cash, net of effects from acquisitions and disposals:    
Accounts receivable (177) 25,489
Costs and estimated earnings in excess of billings on uncompleted contracts 3,580 26,959
Inventories (2,816) (788)
Other assets and liabilities (10,551) (475)
Accounts payable 8,622 (34,018)
Billings on uncompleted contracts in excess of costs and estimated earnings (5,243) (8,751)
Accrued expenses 37 (4,211)
Net cash provided by operating activities 13,484 29,580
Investing activities:    
Acquisition of property, plant and equipment (6,055) (4,051)
Acquisition, net of cash acquired 0 (1,687)
Proceeds from disposal of business (Note 3) 3,885  
Proceeds from asset sales 923 420
Net cash used by investing activities (1,247) (5,318)
Financing activities:    
Advances under senior revolving credit facility 8,383 85,669
Repayments of advances under senior revolving credit facility (8,243) (79,443)
Payments of debt issuance costs 0 (364)
Open market purchase of treasury shares (3,230) 0
Issuances of common stock 128 0
Proceeds from issuance of common stock under employee stock purchase plan 153 144
Repurchase of common stock for payment of statutory taxes due on equity-based compensation (1,651) (612)
Net cash provided (used) by financing activities (4,460) 5,394
Effect of exchange rate changes on cash and cash equivalents (345) 626
Increase in cash and cash equivalents 7,432 30,282
Cash and cash equivalents, beginning of period 64,057 43,805
Cash and cash equivalents, end of period 71,489 74,087
Supplemental disclosure of cash flow information:    
Income taxes 255 665
Interest 849 1,340
Non-cash investing and financing activities:    
Purchases of property, plant and equipment on account 820 105
Accrual for unsettled stock repurchases $ 1,960 $ 0