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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Jun. 30, 2012
ASSETS    
Cash and cash equivalents $ 22,816,000 $ 24,613,000
Accounts receivable, less allowance for uncollectible accounts of $255,000 in 2013 and $404,000 in 2012 12,308,000 8,869,000
Inventories 17,137,000 17,708,000
Deferred income taxes 478,000 391,000
Other current assets 981,000 889,000
Total current assets 53,720,000 52,470,000
Property, Plant and Equipment, net 4,922,000 4,860,000
Goodwill, net 17,227,000 17,227,000
Other Intangible Assets, net 6,967,000 7,902,000
Other Assets 250,000 255,000
Total assets 83,086,000 82,714,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 2,765,000 1,890,000
Accrued expenses 3,242,000 2,735,000
Contingent earnout liability 1,715,000 1,700,000
Dividends payable 604,000 429,000
Income taxes payable 72,000 413,000
Total current liabilities 8,398,000 7,167,000
Non-current portion of contingent earnout liability 1,600,000 3,300,000
Deferred Income Taxes 2,379,000 2,429,000
Total liabilities 12,377,000 12,896,000
Stockholders’ Equity:    
Common stock, no par value, authorized 20,000,000 shares; issued 8,828,103 shares (8,766,333 shares in 2012) 32,210,000 31,294,000
Retained Earnings 40,425,000 40,450,000
Treasury Stock, at cost, 202,075 shares (1,926,000) (1,926,000)
Total stockholders’ equity 70,709,000 69,818,000
Total liabilities and stockholders’ equity $ 83,086,000 $ 82,714,000