| 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 | |||||||||
64,796 | -29,127 | 21,076 | 26,157 | 65,151 | 47,894 | 44,135 | 45,548 | 33,422 | 23,557 |
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions: | |||||||||
Depreciation and amortization | |||||||||
56,234 | 69,754 | 68,235 | 57,922 | 58,976 | 54,239 | 27,507 | 20,199 | 18,529 | 18,561 |
Stock-based compensation expense | |||||||||
25,251 | 23,846 | 26,132 | 20,759 | 22,501 | 16,983 | 16,446 | 8,530 | 5,789 | 5,011 |
Provision for losses on accounts receivable | |||||||||
2,741 | 3,270 | 2,086 | 2,079 | 340 | 229 | 3,563 | -417 | -1,844 | -291 |
Tax benefit of share based compensation plan | |||||||||
- | - | - | - | - | 4,573 | 3,566 | 3,187 | 4,862 | 732 |
Equity in earnings of unconsolidated affiliates | |||||||||
- | - | - | - | - | - | - | - | 552 | 402 |
Deferred income taxes | |||||||||
-8,536 | 26,113 | -24,222 | -13,224 | -5,956 | 7,936 | 3,604 | -1,457 | 4,807 | 2,714 |
Amortization of debt discount and issuance costs | |||||||||
9,026 | 8,632 | 2,844 | - | - | - | - | - | - | - |
Impairment charges | |||||||||
- | 7,795 | 27,047 | 9,674 | - | - | - | - | - | - |
Gain on sale of business | |||||||||
- | - | 2,110 | - | - | - | - | - | - | - |
Other | |||||||||
-292 | -1,668 | 1,346 | -434 | -3,893 | -121 | -299 | 224 | -191 | -289 |
Changes in operating assets and liabilities-net of business acquisitions: | |||||||||
Accounts receivable | |||||||||
27,206 | -11,340 | 44,462 | -36,881 | -7,358 | -26,180 | 53,568 | 17,445 | 3,066 | 23,373 |
Inventories | |||||||||
-39,447 | 59,221 | -30,808 | 37,696 | -249 | 21,026 | 12,894 | 24,525 | 39,700 | -19,898 |
Prepaid expenses and other assets | |||||||||
6,175 | 836 | -5,609 | 1,701 | 8,135 | -4,485 | -20,547 | 5,019 | 7,277 | 4,213 |
Accounts payable | |||||||||
-16,623 | 25,145 | 2,657 | 6,831 | -15,117 | -26,143 | 40,476 | -12,925 | 14,401 | -5,375 |
Accrued payroll and related expenses | |||||||||
3,355 | 3,412 | 1,366 | - | - | - | - | 2,093 | -249 | 4,865 |
Advances from customers | |||||||||
-12,489 | 17,183 | -33,552 | -10,955 | -22,051 | -23,944 | -10,736 | 99,025 | -1,477 | 14,145 |
Accrued warranties | |||||||||
- | - | - | - | - | - | - | -3,126 | -3,051 | -1,065 |
Deferred revenues | |||||||||
- | - | - | - | -12,128 | 40,630 | -5,563 | 8,279 | 8,066 | -1,087 |
Other | |||||||||
-11,001 | 24,135 | -19,389 | -37,943 | 10,022 | -2,987 | -18,717 | -8,246 | -2,502 | -4,528 |
Net cash provided by operating activities | |||||||||
119,112 | 133,109 | 62,779 | 59,218 | 105,103 | 129,170 | 58,665 | 120,563 | 40,139 | 52,150 |
Acquisition of property and equipment | |||||||||
27,412 | 43,198 | 17,096 | 17,688 | 15,286 | 54,598 | 157,367 | 68,490 | 13,392 | 18,050 |
Acquisition of businesses, net of cash acquired | |||||||||
18,271 | 100,159 | 188,542 | 19,921 | 13,919 | 11,740 | 6,087 | 7,989 | 6,311 | 3,241 |
Acquisition of intangible and other assets | |||||||||
2,803 | 2,453 | 5,147 | 5,870 | 6,228 | 5,896 | 4,399 | 4,703 | 4,306 | 3,103 |
Net proceeds from sale of business | |||||||||
- | - | 12,793 | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-48,486 | -145,810 | -197,992 | -43,479 | -35,433 | -72,234 | -167,853 | -81,182 | -24,009 | -24,394 |
Net borrowings on bank lines of credit | |||||||||
-25,006 | 10,000 | -22,000 | 125,000 | -24,000 | -35,000 | 59,000 | - | - | -4,000 |
Proceeds from long-term debt | |||||||||
1,409 | 1,044 | 280,541 | 691 | 1,561 | 3,497 | 11,100 | - | - | - |
Payments on long-term debt | |||||||||
3,122 | 2,592 | 4,077 | 2,917 | 3,247 | 3,667 | 1,274 | 217 | 32,602 | 11,349 |
Payments of capital lease obligations | |||||||||
- | - | - | - | - | - | - | - | 710 | 644 |
Proceeds from exercise of stock options and employee stock purchase plan | |||||||||
9,152 | 6,896 | 7,657 | 6,137 | 3,598 | 1,501 | 4,674 | 4,883 | 19,640 | 12,986 |
Payments of contingent consideration | |||||||||
5,782 | 3,634 | 2,696 | - | - | - | - | - | - | - |
Repurchases of common stock | |||||||||
21,029 | 62,932 | 48,453 | 73,368 | 30,744 | 12,056 | 12,011 | 3,927 | 2,218 | - |
Taxes paid related to net share settlement of equity awards | |||||||||
13,936 | 20,864 | 10,084 | 13,715 | 7,194 | 8,569 | 10,431 | 2,469 | - | - |
Net cash used in financing activities | |||||||||
-58,314 | -72,082 | 200,888 | 41,828 | -60,026 | -54,294 | 51,058 | -1,730 | -15,890 | -3,007 |
Effect of exchange rate changes on cash | |||||||||
-810 | -53 | -395 | -790 | -882 | 1,492 | 1,375 | -1,818 | 3,390 | 2,068 |
Net change in cash and cash equivalents | |||||||||
11,502 | -84,836 | 65,280 | 56,777 | 8,762 | 4,134 | -56,755 | 35,833 | 3,630 | 26,817 |
Supplemental disclosure of cash flow information: | |||||||||
Interest | |||||||||
11,862 | 9,249 | 5,185 | 2,378 | 2,802 | 4,659 | 3,480 | 3,168 | 1,626 | 2,758 |
Income taxes | |||||||||
34,794 | 29,445 | 25,066 | 26,671 | 31,266 | 18,552 | 12,289 | 7,150 | 6,244 | 7,588 |