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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 15,032 $ 5,868
Non-cash items included in net income    
Depreciation and amortization 10,118 8,114
Deferred income taxes (342) (1,058)
Deferred compensation plan 3,610 1,534
Stock compensation expense 3,288 1,977
Issuance of common shares as compensation 300 315
Loss on disposition of fixed assets 65 154
Allowance for doubtful accounts 246 19
Inventory obsolescence reserve 2,111 1,754
Changes in certain assets and liabilities:    
Accounts receivable (20,311) (10,570)
Inventories (17,586) (11,983)
Refundable income taxes 235 1,517
Accounts payable 1,784 14,442
Accrued expenses and other (2,413) 15,926
Net cash (used in) from operating activities (3,863) 28,009
Cash Flows from Investing Activities    
Acquisition of JSI 500 (90,725)
Purchases of property, plant, and equipment (2,122) (2,233)
Proceeds from the sale of fixed assets 49 0
Net cash flows (used in) investing activities (1,573) (92,958)
Cash Flows from Financing Activities    
Payments on long-term debt (161,627) (18,579)
Borrowings on long-term debt 173,074 86,757
Cash dividends paid (5,322) (5,288)
Shares withheld on employees' taxes (250) (60)
Payments on financing lease obligations (268) (239)
Proceeds from stock option exercises 26 987
Net cash flows provided by financing activities 5,633 63,578
Change related to Foreign Currency (17) 136
Increase (decrease) in cash and cash equivalents 180 (1,235)
Cash and cash equivalents at beginning of period 2,282 3,517
Cash and cash equivalents at end of period $ 2,462 $ 2,282