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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Jun. 30, 2019
Current assets    
Cash and cash equivalents $ 5,924 $ 5,038
Accounts receivable, net of allowance for doubtful accounts of $379 and $323, respectively 23,436 30,557
Inventories, net 29,400 26,445
Vendor deposits 103 403
Contract assets 1,483 2,487
Other current assets 3,948 2,938
Total current assets 64,294 67,868
Equipment and improvements, net 7,181 5,865
Operating lease assets 5,727
Intangible assets, net 21,808 22,351
Goodwill 55,529 54,501
Other assets 3,862 3,900
Total assets 158,401 154,485
Current liabilities    
Accounts payable and accrued expenses 15,612 17,508
Accrued employee expenses 5,200 5,187
Customer deposits 8,971 7,163
Contract liabilities 1,755 854
Current portion of operating lease liabilities 1,621
Total current liabilities 33,159 30,712
Deferred tax liabilities, net 2,044 1,708
Long-term operating lease liabilities 4,136
Long-term debt, net 34,791 40,563
Total liabilities 74,130 72,983
Commitments and contingencies (Note 11)
Common stock related to acquiree's Employee Stock Ownership Plan ("ESOP") 4,240
Shareholders' equity    
Preferred stock, $1.00 par value; authorized shares - 200,000; none issued and outstanding
Common stock, $.025 par value; authorized shares - 20,000,000; 11,893,567 shares issued at December 31, 2019 and 11,825,615 shares issued at June 30, 2019, including shares held in treasury 297 296
Additional paid-in capital 75,244 73,010
Retained earnings 10,478 9,635
Treasury stock, 83,044 shares at December 31, 2019 and 72,934 shares at June 30, 2019, at cost (1,748) (1,439)
Common stock related to acquiree's ESOP (4,240)
Total shareholders' equity 84,271 77,262
Total liabilities and shareholders' equity $ 158,401 $ 154,485