XML 57 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 1,141 $ (188)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,277 1,467
Provision for doubtful accounts (40) 20
Change in inventory obsolescence reserve 250  
Deferred income taxes (103) (112)
Stock based compensation expense 17  
Changes in operating assets and liabilities:    
Accounts receivable 4,038 1,856
Inventories (2,615) 854
Prepaid expenses and other current assets (9) 16
Income tax receivable 64 (33)
Other assets 3 9
Accounts payable and accrued expenses 245 (918)
Net Cash Provided by Operating Activities 4,268 2,971
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (612) (316)
Net Cash Used in Investing Activities (612) (316)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt (4,200) (3,457)
Cash paid for purchase of treasury stock (285) (435)
Proceeds from exercise of stock options 25  
Tax benefit from stock option exercise   114
Net Cash Used in Financing Activities (4,460) (3,778)
Net Decrease in Cash and Cash Equivalents (804) (1,123)
CASH AND CASH EQUIVALENTS - Beginning 3,229 2,979
CASH AND CASH EQUIVALENTS - Ending 2,425 1,856
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 265 353
Income taxes paid 24 31
NON-CASH FINANCING ACTIVITIES:    
Shares surrendered and held in treasury for common stock options exercised $ 28 $ 1,257
Shares surrendered and cancelled for shares for common stock options exercised 424