| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income | |||||||||
39,466 | 32,500 | 36,125 | 30,395 | 29,305 | 26,287 | 21,760 | 17,122 | 2,835 | 14,425 |
Depreciation and amortization | |||||||||
17,045 | 15,430 | 15,559 | 16,585 | 16,284 | 16,278 | 16,717 | 17,117 | 16,968 | 15,825 |
Gain on disposition of assets, net | |||||||||
164 | -480 | -71 | -392 | -100 | 1,526 | 575 | -16 | -817 | 85 |
Deferred income tax (benefit) expense | |||||||||
-298 | 3,664 | -1,744 | -170 | -2,384 | 567 | -947 | -809 | -3,021 | 557 |
Stock-based compensation expense | |||||||||
2,644 | 2,796 | 2,504 | 2,489 | 1,952 | 1,105 | 905 | 820 | 730 | 491 |
Goodwill impairment | |||||||||
- | - | - | - | - | - | - | - | 5,662 | - |
Change in assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-4,447 | -1,751 | -13,243 | 2,436 | 19,862 | 6,231 | -358 | 10,836 | -767 | 2,169 |
Inventories | |||||||||
-17,338 | -10,015 | 25,847 | -41,424 | 15,167 | 24,124 | 12,322 | 17,446 | 14,575 | -2,574 |
Prepaid expenses and other current assets | |||||||||
470 | 1,074 | -201 | 19 | 1,587 | -1,136 | 805 | 19 | -1,420 | -1,573 |
Accounts payable | |||||||||
-16,958 | 8,876 | 6,384 | -1,126 | 307 | 616 | 10,527 | 4,784 | -1,365 | 3,988 |
Accrued expenses | |||||||||
15,784 | -8,598 | 1,484 | 421 | 1,798 | -2,434 | -2,696 | 5,442 | -1,420 | 1,774 |
Income taxes payable | |||||||||
2,348 | -2,659 | 2,217 | -805 | 2,495 | -1,669 | -754 | -1,003 | 921 | -153 |
Other long-term assets and liabilities | |||||||||
711 | 501 | 579 | -443 | 862 | 1,153 | 3,356 | -114 | -4,436 | 2,778 |
Other, net | |||||||||
-1,970 | -2,097 | -2,158 | -1,774 | -1,371 | -1,192 | -1,335 | -831 | -1,933 | -479 |
Other long-term assets | |||||||||
404 | -375 | 266 | -767 | 1,541 | 400 | 1,106 | - | - | - |
Net cash provided by operating activities | |||||||||
83,459 | 66,154 | 52,668 | 89,248 | 13,933 | 11,950 | 35,753 | 15,905 | 7,236 | 42,057 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchases of property, plant and equipment | |||||||||
15,075 | 13,229 | 10,885 | 15,018 | 14,392 | 9,928 | 7,207 | 7,531 | 5,195 | 8,481 |
Proceeds from disposition of assets | |||||||||
- | - | - | - | 90 | 7,879 | 993 | 434 | 255 | 148 |
Acquisition of Squirrel Brand L.P. | |||||||||
- | 21,727 | - | - | - | - | - | - | 115 | 32,772 |
Proceeds from insurance recoveries | |||||||||
429 | - | - | - | - | - | - | - | - | - |
Other | |||||||||
-32 | 12 | -342 | -93 | -21 | 7 | 165 | 89 | 122 | 135 |
Net cash used in investing activities | |||||||||
-14,614 | -34,968 | -10,543 | -14,925 | -14,281 | -2,056 | -6,379 | -7,186 | -5,177 | -41,240 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Net short-term borrowings | |||||||||
-31,278 | 1,822 | 17,372 | -49,069 | - | - | - | - | - | - |
Borrowings under revolving credit facility | |||||||||
- | - | - | - | 339,684 | 304,910 | 313,059 | 310,727 | 274,130 | 233,559 |
Repayments of revolving credit borrowings | |||||||||
- | - | - | - | 319,073 | 296,235 | 327,040 | 312,864 | 266,582 | 226,354 |
Principal payments on long-term debt | |||||||||
6,851 | 5,659 | 3,482 | 3,376 | 3,349 | 3,340 | 6,575 | 4,309 | 5,257 | 4,055 |
Increase (decrease) in bank overdraft | |||||||||
-1,161 | 1,130 | 121 | -226 | -1,377 | 1,362 | -895 | 308 | -422 | -3,571 |
Dividends paid | |||||||||
29,074 | 28,370 | 56,464 | 22,486 | 16,759 | 16,599 | 10,889 | - | - | - |
Credit facility amendment costs | |||||||||
- | - | - | - | - | - | - | 241 | - | - |
Payment of contingent consideration | |||||||||
- | - | - | - | - | - | - | 1,702 | 4,135 | - |
Proceeds from the exercise of stock options | |||||||||
- | 16 | 63 | 155 | 643 | 616 | 1,219 | 452 | 84 | 157 |
Tax benefit of equity award exercises | |||||||||
- | - | - | 953 | 641 | 442 | 122 | 48 | 7 | 21 |
Taxes paid related to net share settlement of equity awards | |||||||||
339 | 631 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
-68,703 | -31,692 | -42,390 | -74,049 | 410 | -8,844 | -30,999 | -7,581 | -2,175 | -243 |
NET DECREASE IN CASH | |||||||||
142 | -506 | -265 | 274 | 62 | 1,050 | -1,625 | 1,138 | -116 | 574 |
Supplemental disclosures of cash flow information: | |||||||||
Interest paid | |||||||||
2,872 | 3,357 | 2,763 | 3,326 | 3,760 | 4,046 | 4,131 | 5,011 | 5,876 | 4,968 |
Income taxes paid, excluding refunds of $16, $40, and $232, respectively | |||||||||
10,883 | 15,846 | 17,635 | 16,526 | 15,288 | 14,366 | 15,135 | 11,383 | 2,163 | 7,586 |
Supplemental disclosure of non-cash activities: | |||||||||
Acquisition of Squirrel Brand L.P. through note payable, see Note 6 | |||||||||
- | 11,500 | - | - | - | - | - | - | - | - |
Capital lease obligations incurred | |||||||||
- | - | - | - | - | - | - | - | 267 | 146 |