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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,845 $ 3,476
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,570 1,740
Charge to obsolescence reserve (472) (827)
Provision for doubtful accounts 66 (40)
Deferred income taxes 230 424
Non-cash stock based compensation expense 101 76
Changes in operating assets and liabilities:    
Accounts receivable (1,156) 1,347
Inventories (1,388) (2,276)
Prepaid expenses and other current assets (57) 230
Income tax receivable 121 (57)
Other assets 6 5
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 21 645
Net Cash Provided by Operating Activities 3,887 4,743
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (730) (753)
Net Cash Used in Investing Activities (730) (753)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt (1,600) (4,600)
Proceeds from long-term debt 500 0
Cash paid for purchase of treasury stock (2,194) (285)
Proceeds from exercise of employee stock options 0 25
Tax benefit from stock option exercise 0 124
Net Cash Used in Financing Activities (3,294) (4,736)
Net Change in Cash and Cash Equivalents (137) (746)
CASH AND CASH EQUIVALENTS - Beginning 2,483 3,229
CASH AND CASH EQUIVALENTS - Ending 2,346 2,483
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 215 312
Income taxes paid 29 24
Surrender of Common Shares $ 0 $ 452