XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,504 $ 890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 327 330
(Recovery of) provision for doubtful accounts (6) 20
Deferred income taxes 153 160
Non-cash stock based compensation expense 5 33
Changes in operating assets and liabilities:    
Accounts receivable 2,405 2,509
Inventories (1,665) (559)
Prepaid expenses and other current assets 69 200
Other assets (5) (30)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 332 (2,052)
Net Cash Provided by Operating Activities 3,119 1,501
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (424) (514)
Net Cash Used in Investing Activities (424) (514)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 15 12
Cash paid for purchase of treasury stock (549) 0
Net Cash (Used in) Provided by Financing Activities (534) 12
Net Change in Cash and Cash Equivalents 2,161 999
CASH AND CASH EQUIVALENTS - Beginning 5,308 3,454
CASH AND CASH EQUIVALENTS - Ending 7,469 4,453
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 0 21
Income taxes paid 259 184
Surrender of Common Shares $ 0 $ 3