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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 14,901 $ 8,520 $ 12,223
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,696 1,495 1,409
Impairment of intangible asset   1,852  
Loss on marketable securities 9    
(Recovery of) provision for doubtful accounts (100) 238 (26)
Change to inventory obsolescence reserve 519 (124) (272)
Deferred income taxes 235 40 755
Stock based compensation expense 435 583 160
Changes in operating assets and liabilities:      
Accounts receivable (5,049) 2,800 (1,440)
Inventories 8,794 (6,793) (5,991)
Prepaid expenses and other current assets (359) (168) 318
Other assets     (11)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 1,906 1,862 1,528
Net Cash Provided by Operating Activities 22,987 10,305 8,653
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property, plant, and equipment (1,007) (1,615) (1,988)
Purchases of marketable securities (5,422)    
Net Cash Used in Investing Activities (6,429) (1,615) (1,988)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt   3,904  
Proceeds from stock option exercises   80 53
Cash paid for purchase of treasury stock   (2,454) (3,998)
Net Cash Provided by (Used in) Financing Activities   1,530 (3,945)
Net increase in Cash and Cash Equivalents 16,558 10,220 2,720
CASH AND CASH EQUIVALENTS - Beginning 18,248 8,028 5,308
CASH AND CASH EQUIVALENTS - Ending 34,806 18,248 8,028
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 18 29 23
Income taxes paid $ 1,970 $ 749 262
Surrender of Common Shares     $ 8