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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 9,876,000 $ 10,420,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,267,000 1,118,000
Loss on marketable securities 42,000
(Recovery of) provision for doubtful accounts (130,000) 238,000
Deferred income taxes 55,000 577,000
Stock-based compensation expense 272,000 497,000
Changes in operating assets and liabilities:    
Accounts receivable 707,000 2,386,000
Inventories 5,749,000 (7,799,000)
Prepaid expenses and other current assets 165,000 (39,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (1,572,000) (784,000)
Net Cash Provided by Operating Activities 16,431,000 6,614,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (566,000) (1,325,000)
Purchases of marketable securities (5,403,000)
Net Cash Used in Investing Activities (5,969,000) (1,325,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises   71,000
Cash paid for purchase of treasury stock   (2,350,000)
Net Cash Used in Financing Activities   (2,279,000)
Net Change in Cash and Cash Equivalents 10,462,000 3,012,000
CASH AND CASH EQUIVALENTS - Beginning 18,248,000 8,028,000
CASH AND CASH EQUIVALENTS - Ending 28,710,000 11,040,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 14,000 24,000
Income taxes paid $ 1,847,000 $ 735,000