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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 68,851 $ (12,915)
Net income (loss) from discontinued operations 100 (37,647)
Net income from continuing operations 68,751 24,732
Adjustments to reconcile net income to net cash (used in) provided by operating activities of continuing operations:    
Depreciation and amortization 22,184 25,417
Amortization of debt issue costs 313 313
Provision for doubtful accounts 156 226
Share-based compensation 8,792 5,711
Deferred income taxes 1,995 (26)
Change in fair value of contingent consideration 0 516
Contingent consideration payments excess 0 (5,457)
Finance lease interest 32 96
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (67,404) (68,654)
Inventories (118,349) (5,907)
Prepaid expenses and other assets (15,002) (1,641)
Other non-current assets (2,791) 2,846
Accounts payable 67,535 69,609
Accrued expenses and other liabilities (12,745) 8,434
Income taxes payable 862 (793)
Net cash (used in) provided by operating activities of continuing operations (45,671) 55,422
Cash flows from investing activities of continuing operations:    
Capital expenditures (3,326) (2,283)
Proceeds from the sale of discontinued operations 3,125 34,356
Net cash (used in) provided by investing activities of continuing operations (201) 32,073
Cash flows from financing activities of continuing operations:    
Borrowings on revolving credit, net of expenses 1,597,270 1,486,464
Repayments on revolving credit, net of expenses (1,552,976) (1,500,375)
Repayments on long-term debt, net (5,968) (5,964)
Repayments of finance lease obligations (932) (974)
Contingent consideration payments 0 (41,393)
Exercise of stock options 1,592 439
Taxes paid on settlement of equity awards (2,729) (1,036)
Common stock repurchased (8,527) 0
Net cash provided by (used in) financing activities of continuing operations 27,730 (62,839)
Cash flows from discontinued operations:    
Net cash flows provided by operating activities of discontinued operations 0 21,704
Net cash flows used in by investing activities of discontinued operations 0 (58)
Net cash flows used in financing activities of discontinued operations 0 (29,494)
Net cash flows used in discontinued operations 0 (7,848)
Effect of exchange rate changes on cash and cash equivalents (1,037) (1,942)
(Decrease) increase in cash and cash equivalents (19,179) 14,866
Cash and cash equivalents at beginning of period 62,718 34,455
Cash and cash equivalents at end of period 43,539 49,321
Cash and cash equivalents of discontinued operations 0 0
Cash and cash equivalents of continuing operations $ 43,539 $ 49,321