| Jun'19 | Jul'18 | Jul'17 | Jul'16 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net income (loss) | ||||||||||
34,766 | 40,791 | 44,041 | 35,868 | 35,868 | 19,384 | 14,675 | 12,321 | 17,646 | 5,722 | -4,220 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Gain on sale of Fannie May | ||||||||||
- | - | 14,607 | - | 0 | 0 | - | - | - | - | - |
Gain on sale of discontinued operations | ||||||||||
- | - | - | - | - | - | 1,300 | 2,348 | 8,683 | - | -6,035 |
Depreciation and amortization | ||||||||||
29,965 | 32,469 | 33,376 | 32,384 | 32,384 | 29,124 | 19,848 | 18,798 | 19,539 | 20,237 | 20,287 |
Amortization of deferred financing costs | ||||||||||
969 | 953 | 1,532 | 1,791 | 1,791 | 1,501 | 306 | 420 | 457 | 474 | 763 |
Non-cash impact of write-offs related to warehouse fire | ||||||||||
- | - | - | - | - | 29,522 | 0 | - | - | - | - |
Deferred income taxes | ||||||||||
2,698 | -7,668 | -1,649 | -3,000 | -3,000 | 2,471 | 1,454 | -811 | 7,790 | 2,262 | -127 |
Foreign equity investment impairment | ||||||||||
- | - | - | 2,278 | 2,278 | 0 | 0 | - | - | - | - |
Loss on sale/impairment of iFlorist | ||||||||||
- | - | - | 1,990 | 1,990 | 0 | 0 | - | - | - | - |
Bad debt expense | ||||||||||
1,383 | 1,068 | 1,158 | 1,278 | 1,278 | 1,295 | 1,656 | 1,085 | 869 | 1,537 | 1,738 |
Stock-based compensation | ||||||||||
6,310 | 3,726 | 6,102 | 6,343 | 6,343 | 5,962 | 4,664 | 4,283 | 4,850 | 3,961 | 3,883 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | 2,400 | 2,400 | 2,550 | 1,837 | 739 | 273 | 18 | -275 |
Other non-cash items | ||||||||||
16 | -565 | -133 | -517 | -517 | -1,439 | -755 | -483 | -42 | -27 | -77 |
Changes in operating items: | ||||||||||
Trade receivables | ||||||||||
822 | -70 | 6,220 | 4,210 | 4,210 | -8,331 | 1,893 | 4,108 | 2,135 | 878 | 4,569 |
Insurance receivable | ||||||||||
- | - | - | -2,979 | -2,979 | 2,979 | 0 | - | - | - | - |
Inventories | ||||||||||
3,536 | 12,963 | 9,277 | 10,216 | 10,216 | -26,390 | 2,564 | 1,823 | 3,919 | 6,898 | -654 |
Prepaid and other | ||||||||||
2,313 | 6,286 | 2,609 | 1,560 | 1,560 | -8,047 | -436 | 1,655 | 2,126 | 1,822 | 1,082 |
Accounts payable and accrued expenses | ||||||||||
8,846 | 5,249 | 9,132 | -6,429 | -6,429 | -2,235 | 2,660 | 4,368 | 1,694 | 6,357 | 6,405 |
Other assets | ||||||||||
344 | 88 | 36 | 29 | 29 | 1,058 | 262 | 609 | -1,646 | 748 | 124 |
Other liabilities | ||||||||||
194 | 455 | -66 | 89 | 89 | 1,089 | 2,355 | 463 | 947 | -235 | 368 |
Operating activities of discontinued operations | ||||||||||
- | - | - | - | - | - | -1,587 | 179 | 1,435 | 310 | 9,666 |
Net cash provided by operating activities | ||||||||||
78,100 | 58,341 | 61,010 | 57,673 | 57,673 | 125,733 | 42,539 | 34,645 | 39,779 | 30,288 | 40,029 |
Investing activities: | ||||||||||
Acquisitions, net of cash acquired | ||||||||||
- | - | - | - | - | 131,994 | 9,000 | 3,700 | 4,336 | 4,310 | - |
Proceeds from sale of business | ||||||||||
- | - | 111,955 | - | 0 | 0 | - | - | 12,823 | - | 10,468 |
Working capital adjustment related to sale of Fannie May | ||||||||||
- | 8,500 | - | - | 0 | - | - | - | - | - | - |
Capital expenditures, net of non-cash expenditures | ||||||||||
32,560 | 33,306 | 33,653 | 33,938 | 33,938 | 32,572 | 22,985 | 20,044 | 17,180 | 16,890 | 14,844 |
Repayment of bank borrowings | ||||||||||
- | - | - | - | - | - | - | - | - | 52,750 | 79,352 |
Repayment of capital lease obligations | ||||||||||
- | - | - | - | - | - | - | - | 1,482 | 2,040 | 1,995 |
Other | ||||||||||
- | - | - | - | - | 963 | 3 | -6 | - | - | - |
Purchase of investments | ||||||||||
- | - | - | - | - | - | - | - | 3,945 | 268 | 2,192 |
Other | ||||||||||
- | - | - | - | - | - | 3 | 786 | 119 | -100 | -325 |
Investing activities of discontinued operations | ||||||||||
- | - | - | - | - | - | 500 | - | -124 | -127 | -275 |
Net cash used in investing activities | ||||||||||
-32,560 | -41,806 | 78,302 | -33,938 | -33,938 | -163,603 | -31,488 | -24,530 | -12,881 | -21,495 | -6,518 |
Financing activities: | ||||||||||
Acquisition of treasury stock | ||||||||||
14,766 | 12,176 | 10,735 | 15,223 | 15,223 | 8,360 | 8,317 | 9,599 | 3,277 | 454 | 879 |
Excess tax benefit from stock based compensation | ||||||||||
- | - | - | 2,400 | 2,400 | 2,550 | 1,837 | 739 | 273 | 18 | -367 |
Proceeds from exercise of employee stock options | ||||||||||
1,236 | 337 | 286 | 3,517 | 3,517 | 5,542 | 527 | 535 | - | 49 | - |
Proceeds from bank borrowings | ||||||||||
32,250 | 30,000 | 181,000 | 178,000 | 178,000 | 239,500 | 127,000 | 62,000 | 56,000 | 40,000 | 49,000 |
Repayment of notes payable and bank borrowings | ||||||||||
37,187 | 37,188 | 186,451 | 192,543 | 192,543 | 172,983 | 127,052 | 91,250 | 71,000 | - | - |
Debt issuance cost | ||||||||||
1,390 | - | 1,506 | - | 0 | 5,642 | 0 | 1,234 | - | 17 | 1,637 |
Net cash used in financing activities | ||||||||||
-19,857 | -19,027 | -17,406 | -23,849 | -23,849 | 60,607 | -6,002 | -38,815 | -19,486 | -15,194 | -35,230 |
Net change in cash and cash equivalents | ||||||||||
25,683 | -2,492 | 121,906 | -114 | -114 | 22,737 | 5,049 | -28,700 | 7,412 | -6,401 | -1,719 |
Cash and cash equivalents: | ||||||||||
Interest paid | ||||||||||
- | - | - | - | - | - | - | - | - | 3,700 | 5,400 |
Income taxes paid, net of refunds | ||||||||||
- | - | - | - | - | - | - | - | - | 1,400 | 1,400 |