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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Jun. 30, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 2,254 $ 3,077
Accounts receivable, net of reserves 14,410 17,640
Inventories 21,085 19,986
Prepaid expenses and other current assets 761 950
Income tax receivable 78 0
Deferred income taxes 543 528
Total Current Assets 39,131 42,181
Inventories - non-current, net 4,528 4,201
Deferred income taxes 1,992 2,083
Property, plant and equipment, net 7,432 7,741
Intangible assets, net 11,783 12,316
Other assets 292 273
TOTAL ASSETS 65,158 68,795
CURRENT LIABILITIES    
Current maturities of long-term debt 12,172 [1] 3,572
Accounts payable 4,400 4,649
Accrued expenses 1,731 2,553
Income tax payable 0 437
Accrued salaries and wages 1,337 1,785
Total Current Liabilities 19,640 12,996
Long-term debt, net of current maturities 9,819 20,205
Accrued income taxes 120 165
Total Liabilities 29,579 33,366
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Common Stock, par value $0.01 per share; 40,000,000 shares authorized; 20,095,713 shares issued; 19,095,713 shares outstanding 201 201
Additional paid-in capital 14,080 14,072
Retained earnings 26,913 26,771
Stockholders' equity including treasury stock 41,194 41,044
Less: Treasury Stock, at cost (1,000,000 shares) (5,615) (5,615)
TOTAL STOCKHOLDERS' EQUITY 35,579 35,429
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 65,158 $ 68,795
[1] Our existing revolving line of credit expires in August 2012. Accordingly, we have classified its balance as a current liability as of December 31, 2011. We plan to refinance or extend this line prior to its expiration date.