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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 12,223 $ 7,649
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,409 1,409
Provision for doubtful accounts (26) 40
Change to inventory obsolescence reserve (272) 788
Deferred income taxes   80
Non-cash stock based compensation expense 160 146
Changes in operating assets and liabilities:    
Accounts receivable (1,440) (2,503)
Inventories (5,991) 857
Prepaid expenses and other current assets 318 206
Other assets (11) (151)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 1,528 (656)
Net Cash Provided by Operating Activities 8,653 7,865
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,988) (1,280)
Net Cash Used in Investing Activities (1,988) (1,280)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt   (3,500)
Proceeds from stock option exercises 53 106
Cash paid for purchase of treasury stock (3,998) (1,337)
Net Cash Used in Financing Activities (3,945) (4,731)
Net Change in Cash and Cash Equivalents 2,720 1,854
CASH AND CASH EQUIVALENTS - Beginning 5,308  
CASH AND CASH EQUIVALENTS - Ending 8,028 5,308
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 23 82
Income taxes paid 262 186
Surrender of common shares $ 8 $ 11