XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,021 $ 2,286
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,974 2,275
Charge to obsolescence reserve 354 504
Provision for doubtful accounts 20 10
Deferred income taxes 244 199
Stock-based compensation expense   8
Changes in operating assets and liabilities:    
Accounts receivable (1,823) 1,222
Inventories 1,021 401
Prepaid expenses and other current assets (254) (15)
Income tax receivable (64)  
Other assets 8 26
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 398 (2,820)
Net Cash Provided by Operating Activities 4,899 4,096
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (383) (606)
Net Cash Used in Investing Activities (383) (606)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt (3,857) (3,520)
Cash paid for purchase of treasury stock (435)  
Tax benefit from stock option exercise 26  
Cash paid for deferred financing costs   (68)
Net Cash Used in Financing Activities (4,266) (3,588)
Net Change in Cash and Cash Equivalents 250 (98)
CASH AND CASH EQUIVALENTS - Beginning 2,979 3,077
CASH AND CASH EQUIVALENTS - Ending 3,229 2,979
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 543 1,136
Income taxes paid 31 467
Surrender of Common Shares $ 1,257