Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2013 |
| Cash Flows from Operating Activities: |
|
|
|
| Net income and comprehensive income |
$ 129,663
|
$ 176,937
|
$ 80,490
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
4,971
|
2,819
|
1,963
|
| Provision for inventory obsolescence |
2,288
|
3,295
|
850
|
| Provision for loss on vendor deposits |
5,827
|
0
|
0
|
| Deferred taxes |
(911)
|
2,087
|
377
|
| Excess tax benefit from employee stock-based awards |
(2,079)
|
(5,908)
|
(2,323)
|
| Stock-based compensation |
4,992
|
4,906
|
3,376
|
| Other adjustments |
1,526
|
74
|
1,246
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(11,339)
|
(18,329)
|
38,664
|
| Inventories |
7,030
|
(33,764)
|
(8,996)
|
| Deferred cost of revenues |
1,279
|
(94)
|
(1,185)
|
| Prepaid income taxes |
690
|
(3,256)
|
0
|
| Prepaid expenses and other assets |
(21,969)
|
(9,644)
|
(1,858)
|
| Accounts payable |
9,735
|
(2,326)
|
9,725
|
| Taxes payable |
5,152
|
7,150
|
6,645
|
| Deferred revenues |
(1,678)
|
1,989
|
2,396
|
| Accrued liabilities and other |
(630)
|
(4,609)
|
521
|
| Net cash provided by operating activities |
134,547
|
121,327
|
131,891
|
| Cash Flows from Investing Activities: |
|
|
|
| Purchase of property and equipment and other long-term assets |
(12,724)
|
(4,045)
|
(5,363)
|
| Net cash used in investing activities |
(12,724)
|
(4,045)
|
(5,363)
|
| Cash Flows from Financing Activities: |
|
|
|
| Issuances of debt |
100,000
|
72,254
|
50,833
|
| Repayments of debt |
(74,754)
|
(76,250)
|
(4,333)
|
| Repurchases of common stock |
(34,712)
|
0
|
(54,354)
|
| Payment of common stock cash dividends |
(15,020)
|
0
|
(15,652)
|
| Proceeds from exercise of stock options |
1,686
|
2,090
|
635
|
| Excess tax benefit from employee stock-based awards |
2,079
|
5,908
|
2,323
|
| Tax withholdings related to net share settlements of restricted stock units |
(1,798)
|
(2,013)
|
(214)
|
| Net cash (used in) provided by financing activities |
(22,519)
|
1,989
|
(20,762)
|
| Net increase in cash and cash equivalents |
99,304
|
119,271
|
105,766
|
| Cash and cash equivalents at beginning of year |
347,097
|
227,826
|
122,060
|
| Cash and cash equivalents at end of year |
446,401
|
347,097
|
227,826
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
|
| Income taxes paid, net of refunds |
12,797
|
14,007
|
4,095
|
| Interest paid |
$ 1,290
|
$ 1,650
|
$ 1,699
|