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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net Income $ 9,856 $ 5,670
Non-cash items included in net income    
Depreciation and amortization 7,632 5,943
Deferred income taxes 26 332
Deferred compensation plan 3,089 1,096
Stock compensation expense 2,466 1,317
Issuance of common shares as compensation 225 242
Loss on disposition of fixed assets 57 0
Allowance for doubtful accounts 205 (15)
Inventory obsolescence reserve 752 1,226
Changes in certain assets and liabilities    
Accounts receivable (16,104) (6,867)
Inventories (20,175) (2,817)
Refundable income taxes 247 (444)
Accounts payable 5,695 10,450
Accrued expenses and other (3,708) 1,269
Customer prepayments (2,931) 7,232
Net cash flows (used in) provided by operating activities (12,668) 24,634
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (1,276) (1,517)
Adjustment to JSI acquisition purchase price 500 0
Net cash flows used in investing activities (776) (1,517)
Cash Flows from Financing Activities    
Payments of long-term debt (113,195) 0
Borrowings of long-term debt 130,006 0
Cash dividends paid (3,989) (3,963)
Shares withheld for employees' taxes (250) (28)
Payments on financing lease obligations (196) (178)
Proceeds from stock option exercises 26 962
Net cash flows provided by (used in) financing activities 12,402 (3,207)
Change related to foreign currency 8 101
(Decrease) increase in cash and cash equivalents (1,034) 20,011
Cash and cash equivalents at beginning of period 2,282 3,517
Cash and cash equivalents at end of period $ 1,248 $ 23,528