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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net Income $ 6,262 $ 3,133
Non-cash items included in net income    
Depreciation and amortization 2,421 2,563
Deferred income taxes 350 (13)
Deferred compensation plan 539 2,042
Stock compensation expense 551 556
Issuance of common shares as compensation 75 75
Loss on disposition of fixed assets 2 14
Allowance for doubtful accounts 8 10
Inventory obsolescence reserve 250 572
Changes in certain assets and liabilities    
Accounts receivable 2,293 (6,260)
Inventories (6,286) (9,578)
Refundable income taxes (77) 138
Accounts payable 6,350 8,359
Accrued expenses and other (1,943) (6,663)
Customer prepayments (212) (2,837)
Net cash flows provided by (used in) operating activities 10,583 (7,889)
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (434) (297)
Net cash flows (used in) investing activities (434) (297)
Cash Flows from Financing Activities    
Payments of long-term debt (47,123) (42,533)
Borrowings of long-term debt 45,073 52,659
Cash dividends paid (1,408) (1,326)
Shares withheld for employees' taxes (66) (247)
Payments on financing lease obligations (66) (64)
Proceeds from stock option exercises 0 16
Net cash flows (used in) provided by financing activities (3,590) 8,505
Change related to foreign currency 7 (31)
Increase in cash and cash equivalents 6,566 288
Cash and cash equivalents at beginning of period 2,462 2,282
Cash and cash equivalents at end of period $ 9,028 $ 2,570