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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 2,335 $ 1,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,038 1,143
Provision for doubtful accounts (40) (5)
Deferred income taxes (161) 91
Stock based compensation expense 92 101
Changes in operating assets and liabilities:    
Accounts receivable 1,897 2,287
Inventories 1,428 (1,881)
Prepaid expenses and other current assets (124) (295)
Income tax receivable 0 7
Other assets (22) (2)
Accounts payable, accrued expenses and accrued income taxes (757) (168)
Net Cash Provided by Operating Activities 5,686 2,783
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (430) (501)
Net Cash Used in Investing Activities (430) (501)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt (3,200) (1,200)
Cash paid for purchase of treasury stock (1,108) (1,890)
Net Cash Used in Financing Activities (4,308) (3,090)
Net Increase (Decrease) in Cash and Cash Equivalents 948 (808)
CASH AND CASH EQUIVALENTS - Beginning 2,346 2,483
CASH AND CASH EQUIVALENTS - Ending 3,294 1,675
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 142 162
Income taxes paid 0 32
NON-CASH FINANCING ACTIVITIES:    
Shares surrendered and held in treasury for common stock options exercised $ 54 $ 0