| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net (loss) income | |||||||||
2,456 | 31,702 | 32,377 | 33,170 | 40,466 | 27,720 | 15,670 | 10,828 | 25,089 | 10,685 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | |||||||||
Equity in earnings of unconsolidated affiliates | |||||||||
3,968 | 5,787 | 4,230 | 8,963 | 19,475 | 19,063 | 11,444 | 19,740 | 24,352 | 11,693 |
Distributions received from unconsolidated affiliates | |||||||||
2,647 | 12,236 | 2,322 | 4,732 | 3,718 | 13,214 | 14,940 | 10,616 | 5,900 | 3,265 |
Depreciation and amortization expense | |||||||||
23,003 | 22,585 | 20,368 | 17,528 | 18,043 | 17,896 | 24,584 | 27,135 | 25,977 | 27,416 |
Loss on extinguishment of debt | |||||||||
-131 | - | - | - | -1,040 | 0 | -1,102 | -3,203 | -3,337 | 54 |
Loss on sale of business | |||||||||
- | - | -1,662 | - | - | - | - | - | - | - |
Non-cash compensation expense | |||||||||
3,258 | 5,823 | 2,983 | 2,501 | 3,148 | 2,690 | 2,287 | 2,382 | 1,394 | 2,555 |
Loss on previously held equity interest | |||||||||
- | - | - | - | - | - | - | 3,656 | - | - |
Excess tax benefit on stock-based compensation plans | |||||||||
- | - | 1,060 | 120 | 242 | 3,533 | 762 | - | 2 | - |
Deferred income taxes | |||||||||
-423 | 5,797 | -6,886 | -5,983 | 3,796 | -726 | -6,010 | 6,933 | 327 | -652 |
Net loss on sale or disposal of assets | |||||||||
- | - | - | - | - | - | -243 | - | - | - |
Other, net | |||||||||
691 | 277 | 1,112 | 302 | -1,441 | -1,649 | -521 | -460 | -571 | -993 |
Changes in assets and liabilities: | |||||||||
Receivables, net | |||||||||
2,923 | 7,529 | -1,586 | 88 | -4,491 | -4,514 | 858 | 4,496 | 5,877 | 11,682 |
Inventories | |||||||||
15,838 | 18,198 | 8,519 | -6,843 | 6,171 | 2,677 | 394 | -13,140 | 19,269 | 19,221 |
Other current assets | |||||||||
1,331 | 382 | 1,824 | 304 | 64 | - | - | - | - | - |
Income taxes | |||||||||
4,754 | -573 | -4,724 | -1,115 | - | - | - | - | - | - |
Income tax receivable | |||||||||
- | - | - | - | 1,035 | - | - | - | - | - |
Other current assets and income taxes receivable | |||||||||
- | - | - | - | - | -1,141 | 410 | 1,601 | -977 | 407 |
Accounts payable and accrued expenses | |||||||||
-5,813 | 8,674 | -1,207 | -5,710 | -3,612 | 1,157 | -559 | 3,698 | -2,803 | 19,569 |
Income taxes payable | |||||||||
- | - | - | - | -2,395 | 5,824 | -366 | 947 | 611 | -193 |
Other non-current assets | |||||||||
-151 | 229 | 233 | 108 | -76 | -5,173 | 116 | -14 | - | - |
Other non-current liabilities | |||||||||
1,025 | -4,913 | 787 | 1,928 | 3,270 | -74 | 61 | - | - | - |
Net cash provided by (used in) operating activities | |||||||||
7,284 | 37,335 | 46,062 | 55,975 | 38,903 | 56,357 | 50,509 | 43,309 | 11,880 | 20,581 |
Investing activities: | |||||||||
Capital expenditures | |||||||||
24,871 | 25,029 | 33,190 | 52,337 | 25,966 | 19,091 | 8,809 | 6,354 | 20,539 | 13,112 |
Investments in miscanthus grass | |||||||||
- | - | - | - | - | 714 | - | - | - | - |
Return of capital from unconsolidated affiliate | |||||||||
- | - | - | - | - | - | - | - | 500 | - |
Proceeds from sale of assets | |||||||||
- | - | - | 2,099 | 3,847 | 2,719 | 430 | 507 | 269 | 1,717 |
Proceeds from other investments | |||||||||
- | - | - | - | - | - | 694 | - | - | - |
Other investments | |||||||||
- | - | - | - | - | - | 1,743 | - | - | - |
Investments in unconsolidated affiliates | |||||||||
- | - | - | - | - | - | - | 360 | 867 | 4,800 |
Acquisition, net of cash acquired | |||||||||
- | - | - | - | - | - | - | 356 | - | - |
Proceeds from return of split dollar life insurance premiums | |||||||||
- | - | - | - | - | - | - | - | 3,241 | - |
Change in restricted cash | |||||||||
- | - | - | - | - | - | - | - | - | -7,508 |
Other, net | |||||||||
65 | 1,846 | 192 | 2,654 | 422 | -217 | 343 | 295 | - | 238 |
Net cash used in investing activities | |||||||||
-24,936 | -26,875 | -33,382 | -52,892 | -22,541 | -16,869 | -9,771 | -6,858 | -17,396 | -8,925 |
Financing activities: | |||||||||
Payments on notes payable | |||||||||
- | - | - | - | - | - | - | -134,010 | -47,587 | -435 |
Proceeds from ABL Revolver | |||||||||
108,100 | 120,500 | 121,800 | 153,200 | 149,100 | 149,300 | 116,700 | 160,600 | 193,225 | - |
Payments on ABL Revolver | |||||||||
116,800 | 101,700 | 118,700 | 152,000 | 170,100 | 175,800 | 115,200 | 144,200 | 158,625 | 7,508 |
Proceeds from ABL Term Loan | |||||||||
- | - | - | - | - | - | - | 80,000 | - | - |
Payments on ABL Term Loan | |||||||||
7,500 | 10,000 | 9,750 | 9,250 | 7,875 | 0 | 28,330 | 9,769 | - | - |
Proceeds from construction financing | |||||||||
- | - | - | 790 | - | 0 | - | - | - | - |
Payment on term loan from equity affiliate | |||||||||
- | - | - | 1,250 | - | 0 | - | - | - | - |
Proceeds from related party term loan | |||||||||
- | - | - | - | - | - | 1,250 | - | - | - |
Payments of debt financing fees | |||||||||
- | - | - | - | 1,063 | 400 | 309 | 3,127 | 825 | - |
Payments on capital lease obligations | |||||||||
7,019 | 7,060 | 4,700 | 4,090 | 1,286 | 319 | 69 | 319 | - | - |
Common stock repurchased and retired under publicly announced programs | |||||||||
- | - | - | 6,211 | 10,360 | 36,551 | 19,315 | - | 1 | 4,995 |
Common stock withheld in satisfaction of tax withholding obligations under net share settle transactions | |||||||||
802 | 206 | - | - | - | 1,654 | - | - | - | - |
Proceeds from stock option exercises | |||||||||
483 | 219 | 2,787 | 181 | 95 | 3,136 | 1,298 | 71 | 146 | - |
Payments of debt financing fees | |||||||||
720 | - | - | - | - | - | - | - | - | - |
Excess tax benefit on stock-based compensation plans | |||||||||
- | - | 1,060 | 120 | 242 | 3,533 | 762 | - | 2 | - |
Contributions from non-controlling interest | |||||||||
- | - | - | 1,560 | 1,561 | 1,254 | 1,280 | 920 | - | - |
Other | |||||||||
-368 | -450 | -493 | -783 | -504 | -109 | - | - | -364 | -368 |
Net cash (used in) provided by financing activities | |||||||||
-4,626 | 1,303 | 6,504 | 3,642 | -18,190 | -32,410 | -41,933 | -49,834 | -14,029 | -13,306 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-384 | -2,298 | -405 | -92 | -4,066 | 74 | -936 | -3,221 | 4,344 | 1,682 |
Net (decrease) increase in cash and cash equivalents | |||||||||
-22,662 | 9,465 | 18,779 | 6,633 | -5,894 | 7,152 | -2,131 | -16,604 | -15,201 | 32 |
ABL Term Loan [Member] | |||||||||
Proceeds from issuance of secured debt | |||||||||
20,000 | - | 14,500 | 17,375 | - | - | - | - | - | - |
Term Loan Supplement [Member] | |||||||||
Proceeds from issuance of secured debt | |||||||||
- | - | - | 4,000 | - | - | - | - | - | - |