| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||
Net income | |||||||||
-32,605 | 17,666 | 23,786 | 24,237 | 22,299 | 14,990 | 13,151 | 13,068 | 10,417 | 10,801 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
7,440 | 7,367 | 7,936 | 7,556 | 4,945 | 4,197 | 3,803 | 2,835 | 2,690 | 2,986 |
Deferred income taxes | |||||||||
-6,121 | 286 | 1,606 | 2,731 | 605 | -138 | 414 | 23 | 54 | -963 |
Stock-based compensation expense | |||||||||
1,355 | 501 | 1,609 | 1,470 | 1,943 | 1,290 | 1,051 | 1,056 | 1,014 | 781 |
Excess tax benefit from stock-based payment arrangements | |||||||||
- | - | 1,494 | 1,761 | 817 | 1,357 | 182 | - | - | - |
Change in provision for losses on accounts receivable | |||||||||
-40 | -100 | -100 | -100 | 30 | 6 | -215 | -150 | 870 | 920 |
Change in reserve for VAT receivable | |||||||||
2,612 | - | - | - | - | - | - | - | - | - |
ERP impairment | |||||||||
21,273 | 0 | 0 | - | - | - | - | - | - | - |
Restructuring expense | |||||||||
10,048 | - | - | - | - | - | - | - | - | - |
Cash payments for restructuring | |||||||||
3,845 | - | - | - | - | - | - | - | - | - |
Other non-cash, net | |||||||||
- | - | - | - | 28 | -42 | -69 | -7 | -224 | -218 |
Gain on disposition of capital assets | |||||||||
71 | 1,792 | 512 | 34 | 119 | 90 | 18 | 34 | 185 | 9 |
Gain on life insurance policies | |||||||||
- | - | - | 346 | 745 | - | - | - | - | - |
Defined benefit plan termination | |||||||||
2,455 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Trade receivables | |||||||||
-3,136 | -1,209 | -2,356 | -584 | 6,596 | 2,467 | 2,260 | 2,000 | -3,427 | 5,386 |
Inventories | |||||||||
-2,545 | -3,193 | 13,492 | -27,938 | 15,902 | 5,523 | 9,728 | 9,009 | 1,043 | -1,207 |
Other current assets | |||||||||
3,540 | 1,299 | -1,036 | 1,962 | 3,882 | 278 | -58 | -50 | 557 | -2,837 |
Other assets | |||||||||
2,589 | -22 | -450 | -59 | 1,024 | 163 | 307 | 308 | 270 | 18 |
Accounts payable - trade | |||||||||
5,128 | -1,874 | 4,028 | -6,877 | 2,083 | 2,117 | 1,082 | 2,699 | -841 | 994 |
Accrued liabilities | |||||||||
-668 | 2,546 | 477 | 2,052 | 201 | 2,986 | -138 | 572 | -2,541 | 3,618 |
Other long-term liabilities | |||||||||
201 | -431 | -1,298 | -1,180 | 276 | 265 | -665 | -174 | 367 | 1,028 |
Supplemental retirement plans | |||||||||
- | - | - | - | - | 360 | -210 | 342 | 174 | 105 |
Net cash provided by operating activities | |||||||||
6,714 | 27,294 | 26,388 | 54,367 | 3,269 | 16,237 | 5,905 | 8,977 | 13,800 | 19,119 |
INVESTING ACTIVITIES: | |||||||||
Purchases of investments | |||||||||
13,042 | 42,230 | 30,537 | 3,100 | 1,955 | 5,537 | 1,086 | 777 | 698 | 721 |
Proceeds from sales of investments | |||||||||
28,970 | 44,172 | 12,474 | 2,900 | 1,611 | 5,209 | 1,273 | 405 | 410 | 359 |
Proceeds from sale of capital assets | |||||||||
248 | 6,152 | 1,848 | 76 | 155 | 98 | 21 | 34 | 187 | 34 |
Proceeds from Life Insurance Policy | |||||||||
- | - | - | 2,814 | 5,053 | - | - | - | - | - |
Capital expenditures | |||||||||
21,346 | 29,447 | 13,457 | 7,382 | 37,423 | 4,187 | 6,225 | 10,939 | 2,573 | 1,251 |
Net cash provided by (used in) investing activities | |||||||||
-5,170 | -21,353 | -29,672 | -4,692 | -32,559 | -4,417 | -6,017 | -11,277 | -2,674 | -1,579 |
FINANCING ACTIVITIES: | |||||||||
Repayments of Short-term Debt | |||||||||
- | - | - | 11,904 | - | - | - | - | - | - |
Proceeds from short-term borrowings, net | |||||||||
- | - | - | - | 11,904 | - | - | - | - | -10,000 |
Dividends paid | |||||||||
6,918 | 6,746 | 6,062 | 5,455 | 5,115 | 4,323 | 4,213 | 2,535 | 1,839 | 1,320 |
Proceeds from issuance of common stock | |||||||||
81 | 233 | 1,078 | 1,591 | 790 | 2,388 | 1,107 | 916 | 324 | 344 |
Shares withheld for tax payments on vested restricted shares | |||||||||
210 | 552 | 1,132 | 170 | - | - | - | - | - | - |
Excess tax benefit from stock-based payment arrangements | |||||||||
- | - | 1,494 | 1,761 | 817 | 1,357 | 182 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
-7,047 | -7,065 | -4,622 | -14,177 | 8,396 | -578 | -2,924 | -1,619 | -1,515 | -10,976 |
(Decrease) increase in cash and cash equivalents | |||||||||
-5,503 | -1,124 | -7,906 | 35,498 | -20,894 | 11,242 | -3,036 | -3,919 | 9,611 | 6,564 |
SUPPLEMENTAL INFORMATION | |||||||||
Income taxes (refunded) paid, net | |||||||||
1,190 | 8,460 | 9,780 | 10,140 | 13,920 | 6,880 | 7,250 | 6,237 | 7,647 | 3,587 |
Capital expenditures in accounts payable | |||||||||
142 | 4,084 | 1,740 | 430 | 130 | 35 | 261 | 389 | 14 | - |
Interest | |||||||||
- | - | - | - | - | - | - | - | - | 439 |