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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 17,347 $ 9,856
Non-cash items included in net income    
Depreciation and amortization 7,295 7,632
Deferred income taxes 59 26
Deferred compensation plan 1,530 3,089
Stock compensation expense 2,308 2,466
Employee Stock Purchase Plan Discount 97 0
Issuance of common shares as compensation 270 225
Loss on disposition of fixed assets 37 57
Allowance for doubtful accounts (80) 205
Inventory obsolescence reserve 740 752
Changes in certain assets and liabilities    
Accounts receivable 8,542 (16,104)
Inventories 6,020 (20,175)
Refundable income taxes (1,865) 247
Accounts payable (10,034) 5,695
Accrued expenses and other 2,830 (3,708)
Customer prepayments (2,548) (2,931)
Net cash flows provided by (used in) operating activities 32,548 (12,668)
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (1,754) (1,276)
Adjustment to JSI acquisition purchase price 0 500
Proceeds from the sale of fixed assets 1 0
Net cash flows (used in) investing activities (1,753) (776)
Cash Flows from Financing Activities    
Payments of long-term debt (150,547) (113,195)
Borrowings of long-term debt 120,524 130,006
Cash dividends paid (4,065) (3,989)
Shares withheld for employees' taxes (844) (250)
Payments on financing lease obligations (192) (196)
Proceeds from stock option exercises 3,139 26
Net cash flows (used in) provided by financing activities (31,985) 12,402
Change related to foreign currency 78 8
(Decrease) in cash and cash equivalents (1,112) (1,034)
Cash and cash equivalents at beginning of period 2,462 2,282
Cash and cash equivalents at end of period $ 1,350 $ 1,248