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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income (loss) $ 1,749,000 $ (15,629,000)
Non-cash items included in net income:    
Depreciation and amortization 2,643,000 2,572,000
Deferred income taxes 85,000 (10,815,000)
Impairment of goodwill 28,000,000
Deferred compensation plan 127,000 160,000
Stock compensation expense 551,000 984,000
Issuance of common shares as compensation 90,000 78,000
Loss on disposition of fixed assets (31,000)
Allowance for doubtful accounts (19,000) 49,000
Inventory obsolescence reserve 766,000 143,000
Changes in certain assets and liabilities    
Accounts receivable (4,218,000) (5,421,000)
Inventories (3,519,000) 683,000
Refundable income taxes 587,000 775,000
Accounts payable 5,723,000 (1,559,000)
Accrued expenses and other (3,172,000) (3,133,000)
Customer prepayments 795,000 419,000
Net cash flows provided by (used in) operating activities 2,188,000 (2,725,000)
Cash Flows from Investing Activities    
Proceeds from the sale of assets 1,527,000
Purchases of property, plant and equipment (648,000) (498,000)
Net cash flows (used in) provided by investing activities (648,000) 1,029,000
Cash Flows from Financing Activities    
Payments of long-term debt (23,039,000) (22,247,000)
Borrowings of long-term debt 23,831,000 24,411,000
Cash dividends paid (1,296,000) (1,286,000)
Shares withheld for employees taxes (52,000) (110,000)
Purchase of treasury shares (106,000)
Exercise of stock options 115,000
Net cash flows (used in) provided by financing activities (556,000) 777,000
Increase (Decrease) in cash and cash equivalents 984,000 (919,000)
Cash and cash equivalents at beginning of period 3,178,000 3,039,000
Cash and cash equivalents at end of period $ 4,162,000 $ 2,120,000