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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:      
Net income $ 65,419 $ 81,789 $ 34,662
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 11,997 7,375 8,457
Amortization of debt issue costs 297 312 345
Provision for doubtful accounts 993 6,573 10,333
Share based compensation 6,522 5,248 5,618
Impairment charges 0 0 48,772
Deferred income taxes 3,921 8,606 (19,630)
Excess tax benefits from share-based payment arrangements (260) (982) (849)
Change in fair value of contingent consideration 2,667 2,311 1,843
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (14,476) (31,860) 13,746
Inventories (37,695) (99,214) 86,821
Prepaid expenses and other assets 2,337 6,206 (28)
Other noncurrent assets 1,431 1,285 9,441
Accounts payable 28,280 57,532 (56,837)
Accrued expenses and other liabilities 7,449 (5,357) (14,145)
Income taxes payable (3,360) 7,898 895
Net cash provided by (used in) operating activities 75,522 47,722 129,444
Cash flows from investing activities:      
Capital expenditures (20,762) (11,228) (4,831)
Cash paid for business acquisitions, net of cash acquired (59,779) 0 0
Net cash provided by (used in) investing activities (80,541) (11,228) (4,831)
Cash flows from financing activities:      
Increases (decreases) in short-term borrowings, net (24,097) 0 (4,459)
Borrowings on revolving credit, net of expenses 93,579 0 515,262
Repayments on revolving credit, net of expenses (93,579) 0 (515,877)
Repayments on long-term debt (9,146) 0 0
Repayments of capital lease obligations (262) 0 0
Debt issuance costs 0 (468) 0
Contingent consideration payments (5,640) (3,810) (4,777)
Exercise of stock options 760 12,581 4,024
Repurchase of common stock (18,768) 0 0
Excess tax benefits from share-based payment arrangements 260 982 849
Net cash provided by (used in) financing activities (56,893) 9,285 (4,978)
Effect of exchange rate changes on cash and cash equivalents (11,293) 908 (644)
Increase (decrease) in cash and cash equivalents (73,205) 46,687 118,991
Cash and cash equivalents at beginning of period 194,851 148,164 29,173
Cash and cash equivalents at end of period 121,646 194,851 148,164
Supplemental disclosure of cash flow information:      
Interest paid during the year 1,075 739 796
Income taxes paid during the year $ 36,272 $ 24,323 $ 35,582