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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,495 $ 3,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,032 1,026
Provision for doubtful accounts 3 25
Deferred income taxes 673 (449)
Non-cash stock based compensation expense 152 141
Changes in operating assets and liabilities:    
Accounts receivable 2,131 2,193
Inventories (5,999) (241)
Prepaid expenses and other current assets 307 160
Other assets (11) (151)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (20) (1,969)
Net Cash Provided by Operating Activities 5,763 4,687
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,598) (1,018)
Net Cash Used in Investing Activities (1,598) (1,018)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt 0 (1,500)
Proceeds from stock option exercises 24 61
Cash paid for purchase of treasury stock (3,998) (1,337)
Net Cash Used in Financing Activities (3,974) (2,776)
Net Change in Cash and Cash Equivalents 191 893
CASH AND CASH EQUIVALENTS - Beginning 5,308 3,454
CASH AND CASH EQUIVALENTS - Ending 5,499 4,347
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 18 63
Income taxes paid 258 184
Surrender of Common Shares $ 8 $ 7