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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,952 $ 2,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,026 993
Provision for doubtful accounts 25 0
Deferred income taxes (449) 146
Stock based compensation expense 141 97
Changes in operating assets and liabilities:    
Accounts receivable 2,193 2,082
Inventories (241) (4,369)
Prepaid expenses and other current assets 160 (334)
Other assets (151) (16)
Accounts payable, accrued expenses and accrued income taxes (1,969) 13
Net Cash Provided by Operating Activities 4,687 989
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,018) (1,115)
Net Cash Used in Investing Activities (1,018) (1,115)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt (1,500) (2,800)
Proceeds from long-term debt borrowings 0 1,500
Proceeds from stock option exercise 61 49
Cash paid for purchase of treasury stock (1,337) 0
Net Cash Used in Financing Activities (2,776) (1,251)
Net Increase (Decrease) in Cash and Cash Equivalents 893 (1,377)
CASH AND CASH EQUIVALENTS - Beginning 3,454 3,805
CASH AND CASH EQUIVALENTS - Ending 4,347 2,428
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 63 65
Income taxes paid 184 53
Surrender of common shares $ 7 $ 86