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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,520 $ 12,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,495 1,409
Impairment of intangible asset 1,852 0
Provision for doubtful accounts 238 (26)
Change to inventory obsolescence reserve (124) (272)
Deferred income taxes 40 755
Stock based compensation expense 583 160
Changes in operating assets and liabilities:    
Accounts receivable 2,800 (1,440)
Inventories (6,793) (5,991)
Prepaid expenses and other current assets (168) 318
Other assets 0 (11)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 1,862 1,528
Net Cash Provided by Operating Activities 10,305 8,653
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,615) (1,988)
Net Cash Used in Investing Activities (1,615) (1,988)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 3,904 0
Proceeds from stock option exercises 80 53
Cash paid for purchase of treasury stock (2,454) (3,998)
Net Cash Provided by (Used in) Financing Activities 1,530 (3,945)
Net Change in Cash and Cash Equivalents 10,220 2,720
CASH AND CASH EQUIVALENTS - Beginning 8,028 5,308
CASH AND CASH EQUIVALENTS - Ending 18,248 8,028
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 29 23
Income taxes paid 749 262
Surrender of Common Shares $ 0 $ 8