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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (26,013) $ 22,896
Net loss from discontinued operations (36,959) (1,021)
Net income from continuing operations 10,946 23,917
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:    
Depreciation and amortization 17,059 17,599
Amortization of debt issue costs 209 209
Provision for doubtful accounts (180) 1,101
Share-based compensation 3,174 2,817
Deferred income taxes (694) (344)
Change in fair value of contingent consideration 516 5,649
Contingent consideration payments excess (5,457) (3,050)
Finance lease interest 70 39
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (86,683) 8,101
Inventories 35,124 (69,384)
Prepaid expenses and other assets 2,256 (1,748)
Other non-current assets 1,328 (8,972)
Accounts payable 132,074 97,962
Accrued expenses and other liabilities 11,150 12,094
Income taxes payable (5,218) (3,256)
Net cash provided by operating activities of continuing operations 115,674 82,734
Cash flows from investing activities of continuing operations:    
Capital expenditures (1,454) (2,732)
Cash paid for business acquisitions, net of cash acquired 0 (48,930)
Proceeds from the sale of discontinued operations 34,356 0
Net cash provided by (used in) investing activities of continuing operations 32,902 (51,662)
Cash flows from financing activities of continuing operations:    
Borrowings on revolving credit, net of expenses 959,848 1,022,403
Repayments on revolving credit, net of expenses (1,022,561) (1,066,890)
Borrowings on long-term debt, net (4,089) (2,210)
Repayments of finance lease obligations (652) (1,115)
Contingent consideration payments (41,393) (35,481)
Exercise of stock options 0 720
Taxes paid on settlement of equity awards (1,036) (1,354)
Repurchase of common stock 0 (6,077)
Net cash used in financing activities of continuing operations (109,883) (90,004)
Cash flows from discontinued operations:    
Net cash flows provided by operating activities of discontinued operations 21,704 35,326
Net cash flows used in by investing activities of discontinued operations (58) (8)
Net cash flows (used in) provided by financing activities of discontinued operations (29,494) 42,057
Net cash flows (used in) provided by discontinued operations (7,848) 77,375
Effect of exchange rate changes on cash and cash equivalents 1,887 (256)
Increase in cash and cash equivalents 32,732 18,187
Cash and cash equivalents at beginning of period 34,455 23,818
Cash and cash equivalents at end of period 67,187 42,005
Cash and cash equivalents of discontinued operations 0 3,232
Cash and cash equivalents of continuing operations $ 67,187 $ 38,773