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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 5,868 $ 9,592
Non-cash items included in net income    
Depreciation and amortization 8,114 8,654
Deferred income taxes (1,058) 3,925
Deferred compensation plan 1,534 473
Stock compensation expense 1,977 599
Issuance of common shares as compensation 315 300
Loss (gain) on disposition of fixed assets 154 (8,521)
Allowance for doubtful accounts 19 19
Inventory obsolescence reserve 1,754 2,454
Changes in certain assets and liabilities, net of acquisition    
Accounts receivable (10,570) 16,340
Inventories (11,983) 2,246
Refundable income taxes 1,517 (1,893)
Accounts payable 14,442 (3,883)
Accrued expenses and other 6,285 (546)
Customer prepayments 9,641 (47)
Net cash flows provided by operating activities 28,009 29,712
Cash Flows from Investing Activities    
Acquisition of JSI, excluding cash aquired (90,725) 0
Purchases of property, plant and equipment (2,233) (2,739)
Proceeds from the sale of fixed assets 0 20,150
Net cash flows (used in) provided by investing activities (92,958) 17,411
Cash Flows from Financing Activities    
Payments of long-term debt (18,579) (204,676)
Borrowings of long-term debt 86,757 165,135
Cash dividends paid (5,288) (5,276)
Shares withheld for employees' taxes (60) (152)
Payments on financing lease obligations (239) (39)
Proceeds from stock option exercises 987 612
Net cash flows provided by (used in) financing activities 63,578 (44,396)
Change related to foreign currency 136 (176)
(Decrease) increase in cash and cash equivalents (1,235) 2,551
Cash and cash equivalents at beginning of period 3,517 966
Cash and cash equivalents at end of period $ 2,282 $ 3,517