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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 19,599 $ 15,413 $ 7,795
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,771 1,697 1,495
Impairment of intangible asset     1,852
Unrealized loss on marketable securities 426 9  
(Recovery of) provision for doubtful accounts 17 (100) 238
Change to inventory reserve 1,187 (79) 624
Deferred income taxes (214) 337 (47)
Stock based compensation expense 1,649 435 583
Gain on extinguishment of debt (3,904)    
Changes in operating assets and liabilities:      
Accounts receivable (1,154) (5,049) 2,800
Inventories (19,274) 8,794 (6,793)
Prepaid expenses and other current assets (430) (359) (168)
Other assets (103)    
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 8,762 1,889 1,926
Net Cash Provided by Operating Activities 8,332 22,987 10,305
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property, plant, and equipment (1,482) (1,007) (1,615)
Purchases of marketable securities (81) (5,422)  
Net Cash Used in Investing Activities (1,563) (6,429) (1,615)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt     3,904
Proceeds from stock option exercises 155   80
Cash paid for purchase of treasury stock     (2,454)
Net Cash Provided by Financing Activities 155   1,530
Net increase in Cash and Cash Equivalents 6,924 16,558 10,220
CASH AND CASH EQUIVALENTS - Beginning 34,806 18,248 8,028
CASH AND CASH EQUIVALENTS - Ending 41,730 34,806 18,248
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 16 18 29
Income taxes paid $ 2,168 $ 1,970 $ 749