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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,233 $ 1,504
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 364 327
(Recovery of) doubtful accounts 0 (6)
Deferred income taxes 188 153
Stock based compensation expense 17 5
Changes in operating assets and liabilities:    
Accounts receivable 1,240 2,405
Inventories (2,402) (1,665)
Prepaid expenses and other current assets (137) 69
Other assets 0 (5)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 424 332
Net Cash Provided by Operating Activities 2,927 3,119
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (181) (424)
Net Cash Used in Investing Activities (181) (424)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 0 15
Cash paid for purchase of treasury stock 0 (549)
Net Cash Used in Financing Activities 0 (534)
Net Change in Cash and Cash Equivalents 2,746 2,161
CASH AND CASH EQUIVALENTS - Beginning 8,028 5,308
CASH AND CASH EQUIVALENTS - Ending 10,774 7,469
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 13 0
Income taxes paid $ 735 $ 259