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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 5,599 $ 5,773 $ 4,845
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,374 1,420 1,570
Change to inventory obsolescence reserve (457) (455) (472)
Provision for doubtful accounts 10 (30) 66
Deferred income taxes 361 375 230
Non-cash stock based compensation expense 102 103 101
Changes in operating assets and liabilities:      
Accounts receivable (1,273) (988) (1,156)
Inventories (4,785) 1,988 (1,388)
Prepaid expenses and other current assets (394) 110 (57)
Income tax receivable 0 0 121
Tax deficiency from stock-based awards 134 0 0
Other assets 0 0 6
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 1,777 864 21
Net Cash Provided by Operating Activities 2,448 9,160 3,887
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property, plant, and equipment (1,414) (693) (730)
Net Cash Used in Investing Activities (1,414) (693) (730)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on long-term debt (2,800) (5,900) (1,600)
Proceeds from long-term debt 1,500 0 500
Proceeds from stock option exercises 49 0 0
Tax deficiency from stock-based awards (134) 0 0
Cash paid for purchase of treasury stock 0 (1,108) (2,194)
Net Cash Used in Financing Activities (1,385) (7,008) (3,294)
Net Change in Cash and Cash Equivalents (351) 1,459 (137)
CASH AND CASH EQUIVALENTS - Beginning 3,805 2,346 2,483
CASH AND CASH EQUIVALENTS - Ending 3,454 3,805 2,346
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid, net 88 184 215
Income taxes paid 54 0 29
Surrender of Common Shares $ 86 $ 54 $ 0