| 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 (loss) | ||||||||
-8,254 | 1,317 | -38,283 | 10,989 | 12,987 | 13,470 | 9,847 | 7,461 | 7,440 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
Depreciation | ||||||||
5,855 | 5,894 | 6,083 | 4,645 | 4,700 | 3,186 | 1,379 | - | - |
Amortization of intangible assets | ||||||||
7,337 | 8,498 | 9,592 | 6,591 | 3,422 | 1,575 | 435 | - | - |
Depreciation and amortization | ||||||||
- | - | - | - | - | - | - | 1,611 | 1,463 |
Deferred income taxes | ||||||||
7,247 | 630 | -18,562 | -873 | -976 | -159 | 3,894 | -11,276 | 418 |
Pension (income) expense | ||||||||
- | - | - | - | - | - | - | 372 | 1,331 |
Stock-based compensation expense | ||||||||
-285 | 1,463 | 289 | 1,885 | 1,662 | 1,128 | 943 | 646 | 505 |
Amortization of deferred financing costs | ||||||||
1,323 | 498 | 298 | 1,169 | - | - | - | - | - |
Loss on sale of property, plant and equipment, net | ||||||||
-23 | 7 | -56 | 0 | 0 | - | - | 139 | 3,119 |
Legal settlements | ||||||||
1,000 | 0 | 0 | - | - | - | - | - | - |
Loss on sale of securities available for sale | ||||||||
0 | 0 | 129 | 0 | 0 | - | - | - | - |
Impairment of intangible asset | ||||||||
- | - | - | - | - | - | - | 3,663 | - |
Impairment of goodwill | ||||||||
0 | 0 | 64,174 | 0 | 0 | - | - | 13,153 | - |
Reversal of accrued contingent consideration | ||||||||
0 | 0 | -1,530 | 0 | 0 | - | - | - | - |
Excess tax benefit from stock-based compensation | ||||||||
0 | 0 | 162 | 1,044 | 522 | 211 | 376 | 145 | - |
Excess tax benefit from stock-based compensation | ||||||||
- | - | - | - | - | - | 127 | 0 | 201 |
Amortization of deferred financing costs | ||||||||
- | - | - | - | -203 | -112 | -248 | -348 | -275 |
Legal settlement | ||||||||
- | - | - | -2,500 | 0 | 0 | - | - | - |
Environmental remediation | ||||||||
- | - | - | - | 4,238 | 0 | 0 | - | - |
Non-cash restructuring/impairment charges | ||||||||
- | - | - | - | - | - | - | - | 2,129 |
Gain on acquisition | ||||||||
- | - | - | - | - | - | - | 2,550 | - |
Gross profit effect of capitalized profit in inventory from acquisition | ||||||||
- | - | - | 299 | 337 | 566 | 0 | 0 | - |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
15,106 | -1,412 | -23,829 | 7,040 | -4,886 | 12,318 | 5,722 | 4,595 | -20,196 |
Income taxes receivable | ||||||||
- | - | - | - | - | - | - | - | 296 |
Inventories and cost of contracts in progress | ||||||||
12,158 | -17,622 | 3,419 | -501 | -1,484 | 1,491 | -3,650 | -77 | -11,921 |
Prepaid expenses and other assets | ||||||||
3,874 | -2,690 | 609 | 2,319 | -463 | -452 | 90 | -131 | -689 |
Advance billings on customer contracts | ||||||||
2,188 | -800 | 205 | - | - | - | - | - | - |
Performance based payments on customer contracts | ||||||||
2,119 | 1,749 | -1,756 | -1,440 | -17,706 | -4,165 | 12,285 | -8,574 | -3,508 |
Accounts payable and accrued expenses | ||||||||
8,476 | -9,498 | 7,798 | -11,326 | -2,727 | 789 | 551 | 2,273 | -19,387 |
Net cash provided by (used in) operating activities | ||||||||
-4,109 | 31,468 | 48,132 | 4,537 | 12,451 | 2,934 | 26,917 | 2,456 | 19,856 |
Cash Flows from Investing Activities: | ||||||||
Additional goodwill from Astro acquisition | ||||||||
- | - | - | - | - | - | - | - | 2,476 |
Change in restricted cash | ||||||||
- | - | - | - | - | - | - | -3,162 | 3,162 |
Purchases of property, plant and equipment | ||||||||
4,236 | 6,896 | 6,098 | 5,802 | 3,501 | 3,872 | 4,244 | 3,177 | 1,535 |
Proceeds from sale of property, plant and equipment | ||||||||
23 | 22 | 221 | 0 | 69 | 275 | 275 | 4,039 | 3,057 |
Proceeds from sale of securities available for sale | ||||||||
0 | 0 | 857 | 0 | 0 | - | - | - | - |
Acquisition of businesses, net of cash required | ||||||||
0 | 0 | -178 | 97,319 | 35,560 | 47,538 | - | - | - |
Purchase of securities available for sale | ||||||||
- | - | - | 986 | 0 | 0 | - | - | - |
Proceeds from sale of investment | ||||||||
- | - | - | - | - | - | 1,750 | 0 | 525 |
Net cash used in investing activity | ||||||||
-4,213 | -6,874 | -4,842 | -104,107 | -38,992 | -51,135 | -2,219 | -8,535 | -3,591 |
Cash Flows from Financing Activities: | ||||||||
Borrowings under credit facility | ||||||||
190,600 | 130,082 | 128,050 | 215,835 | 70,000 | - | - | - | - |
Repayments under credit facility | ||||||||
180,600 | 152,788 | 185,344 | 102,335 | 40,623 | - | - | - | - |
Repurchase of stock | ||||||||
0 | 0 | 140 | 6,830 | 1,559 | 2,360 | 2,997 | 0 | - |
Payments under capital lease agreements | ||||||||
268 | 267 | 108 | 0 | 0 | - | - | - | - |
Borrowings of long-term debt | ||||||||
- | - | - | - | - | 39,000 | 0 | - | - |
Borrowings of long-term debt | ||||||||
- | - | - | - | - | - | - | 0 | 15,500 |
Repayments of long-term debt | ||||||||
- | - | - | - | - | 29,140 | 135 | 130 | 5,551 |
Payment of debt financing costs | ||||||||
1,238 | 765 | 692 | 1,423 | 0 | 555 | 0 | 0 | 886 |
Excess tax benefit from stock-based compensation | ||||||||
0 | 0 | 162 | 1,044 | 522 | 211 | 376 | 145 | - |
Proceeds from the exercise of stock options | ||||||||
- | - | - | 165 | 144 | 180 | 458 | 25 | - |
Net cash provided by (used in) financing activities | ||||||||
8,494 | -23,738 | -58,072 | 106,456 | 28,484 | 7,336 | -2,298 | 40 | -21,937 |
Net increase in cash and cash equivalents | ||||||||
172 | 856 | -14,782 | 6,886 | 1,943 | -40,865 | 22,400 | -6,039 | -5,672 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
4,939 | 3,828 | 3,506 | 1,747 | 631 | 415 | 350 | 365 | 535 |
Cash paid for income taxes | ||||||||
392 | 1,115 | 766 | 7,190 | 7,065 | 2,525 | 1,244 | -94 | -2,039 |
Machinery and equipment financed under capital leases | ||||||||
0 | 148 | 656 | 0 | 0 | - | - | - | - |
Adjustments to acquired companies' opening balance sheets | ||||||||
0 | 0 | 3,412 | 603 | 252 | 302 | 0 | 0 | - |