XML 60 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:      
Net income $ 81,789 $ 34,662 $ 74,288
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 7,375 8,457 9,580
Amortization of debt issue costs 312 345 342
Provision for doubtful accounts 6,573 10,333 7,134
Share based compensation 5,248 5,618 6,840
Impairment charges 0 48,772 0
Deferred income taxes 8,606 (19,630) (6,377)
Excess tax benefits from share-based payment arrangements (982) (849) (1,720)
Change in fair value of contingent consideration 2,311 1,843 120
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (31,860) 13,746 (34,322)
Inventories (99,214) 86,821 (29,387)
Prepaid expenses and other assets 6,206 (28) (4,103)
Other noncurrent assets 1,285 9,441 1,166
Accounts payable 57,532 (56,837) 28,306
Accrued expenses and other liabilities (5,357) (14,145) 8,371
Income taxes payable 7,898 895 (280)
Net cash provided by (used in) operating activities 47,722 129,444 59,958
Cash flows from investing activities:      
Capital expenditures (11,228) (4,831) (12,790)
Net cash provided by (used in) investing activities (11,228) (4,831) (12,790)
Cash flows from financing activities:      
Increases (decreases) in short-term borrowings, net 0 (4,459) 1,345
Borrowings on revolving credit, net of expenses 0 515,262 1,408,522
Repayments on revolving credit, net of expenses 0 (515,877) (1,433,161)
Repayments on long-term debt 0 0 (25,000)
Debt issuance costs (468) 0 (1,360)
Contingent consideration payments (3,810) (4,777) (2,000)
Exercise of stock options 12,581 4,024 7,642
Excess tax benefits from share-based payment arrangements 982 849 1,720
Net cash provided by (used in) financing activities 9,285 (4,978) (42,292)
Effect of exchange rate changes on cash and cash equivalents 908 (644) (4,450)
Increase (decrease) in cash and cash equivalents 46,687 118,991 426
Cash and cash equivalents at beginning of period 148,164 29,173 28,747
Cash and cash equivalents at end of period 194,851 148,164 29,173
Supplemental disclosure of cash flow information:      
Interest paid during the year 739 796 1,578
Income taxes paid during the year $ 24,323 $ 35,582 $ 46,057