Component: (Network and Table)
Network
00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.mastercraft.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001638290 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2015-07-01 - 2016-06-30
2014-07-01 - 2015-06-30
2013-07-01 - 2014-06-30
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net income
10,210,000  
5,534,000  
19,927,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
3,444,000  
3,278,000  
2,472,000  
Inventory obsolescence reserve
359,000  
776,000  
644,000  
Non-cash interest expenses:
 
 
 
Paid in kind interest
 
1,034,000  
5,586,000  
Debt discount accretion
24,000  
127,000  
50,000  
Amortization of deferred financing costs
85,000  
42,000  
61,000  
Stock-based compensation
13,687,000  
 
2,000  
Loss on extinguishment of debt
716,000  
852,000  
 
Change in common stock warrant fair value
3,425,000  
6,621,000  
2,526,000  
Unrecognized tax benefits
1,670,000  
(101,000) 
(149,000) 
Deferred income taxes
(3,923,000) 
6,062,000  
(11,505,000) 
Net provision for doubtful accounts
(27,000) 
(373,000) 
(275,000) 
Gain (loss) on disposal of fixed assets
1,000  
78,000  
(17,000) 
Changes in operating assets and liabilities:
 
 
 
Accounts receivable
(286,000) 
2,126,000  
1,014,000  
Inventories
(2,086,000) 
(632,000) 
(1,013,000) 
Prepaid expenses and other current assets
3,348,000  
(5,667,000) 
(769,000) 
Income tax receivable
(5,000) 
 
30,000  
Other assets
(45,000) 
(45,000) 
331,000  
Accounts payable
(1,697,000) 
1,788,000  
3,595,000  
Income tax payable
884,000  
42,000  
182,000  
Accrued expenses and other current liabilities
963,000  
3,712,000  
(778,000) 
Net cash provided by operating activities
30,747,000  
 
25,254,000  
 
21,914,000  
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Change in restricted cash
  
1,023,000  
Proceeds from disposal of assets
 
(10,000) 
17,000  
Purchases of property and equipment
(3,817,000) 
(3,467,000) 
(3,421,000) 
Net cash used in investing activities
(3,817,000) 
 
(3,477,000) 
 
(2,381,000) 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Proceeds from issuance of common stock
91,071,000  
  
Proceeds from issuance of long-term debt
50,000,000  
75,000,000  
25,000,000  
Payment of costs directly associated with the issuance of common stock
(7,202,000) 
  
Principal payments on long-term debt
(71,250,000) 
(70,764,000) 
(39,956,000) 
Proceeds from revolving line of credit
9,208,000  
20,188,000  
 
Payments on revolving line of credit
(14,271,000) 
(12,000,000) 
 
Repurchase and retirement of common stock
(4,502,000) 
  
Payments of debt discount
(923,000) 
(1,120,000) 
 
Payments of deferred financing costs
(300,000) 
(453,000) 
(609,000) 
Dividends paid
(79,945,000) 
(44,000,000) 
 
Proceeds from exercise of common stock warrant
90,000  
  
Net cash used in financing activities
(28,024,000) 
 
(33,149,000) 
 
(15,565,000) 
 
NET CHANGE IN CASH AND CASH EQUIVALENTS
(1,094,000) 
 
(11,372,000) 
 
3,968,000  
 
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD
1,167,000  
12,539,000  
8,571,000  
CASH AND CASH EQUIVALENTS — END OF PERIOD
73,000  
 
1,167,000  
 
12,539,000  
 
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
 
 
 
Cash payments for interest
397,000  
2,725,000  
1,767,000  
Cash payments for income taxes
9,635,000  
551,000  
(168,000) 
SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:
 
 
 
Payment of costs directly associated with the issuance of common stock
2,107,000  
  
Issuance of shares in exchange of common stock warrants
12,572,000