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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ 6,556 $ (5,049)
Adjustments to reconcile net income (loss) to net cash (used for) provided by operating activities:    
Depreciation 3,634 3,562
Amortization 2,195 2,439
(Gain) loss on sales of assets (4) 4
Restructuring and asset impairment charges 314 853
Deferred income tax and other deferred charges (1,219) 961
Stock-based compensation 1,168 1,122
Change in earn-out liability (3,160) 4,610
Other, net (418) (669)
Change in operating assets and liabilities:    
Receivables 14,548 4,834
Inventories (8,281) (4,943)
Prepaid expenses and other current assets 6,225 (1,764)
Accounts payable (667) 7,804
Customer deposits 6,721 2,731
Accrued expenses (9,520) (4,590)
Net cash provided by operating activities 18,092 11,905
Cash Flows From Investing Activities:    
Capital expenditures (4,202) (2,734)
Proceeds from sales of assets 311 122
Purchases of capitalized software (1,222) (1,101)
Other, net 167 121
Net cash used for investing activities (4,946) (3,592)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facility 40,000 10,000
Payments on revolving credit facility (43,000) (10,000)
Repayments of long-term debt (79) (30)
Dividends paid to shareholders (3,309) (3,308)
Repurchases of Common Stock (1,011) (1,531)
Repurchase of employee shares for tax withholding 0 (216)
Net cash used for financing activities (7,399) (5,085)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash [1] 5,747 3,228
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at Beginning of Period [1] 11,996 25,727
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at End of Period [1] 17,743 28,955
Cash paid (refunded) during the period for:    
Income taxes (974) 98
Interest expense $ 639 $ 220
[1] The following table reconciles cash and cash equivalents in the balance sheets to cash, cash equivalents, and restricted cash per the statements of cash flows. The restricted cash included in other assets on the balance sheet represents customer deposits held due to a foreign entity being classified as a restricted entity by a government agency subsequent to our receipt of the deposit and also cash held in escrow for repayment of the Payment Protection Program loan that Poppin, Inc. obtained prior to its acquisition. In addition, the restricted cash balance for periods June 30, 2022 and prior included amounts pledged as collateral for a long-term financing arrangement as contractually required by a lender and the restriction lapsed when the related debt was paid.