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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 25,762 $ 15,032
Non-cash items included in net income    
Depreciation and amortization 9,664 10,118
Deferred income taxes (418) (342)
Deferred compensation plan 2,017 3,610
Stock compensation expense 3,698 3,288
ESPP discount 142 0
Issuance of common shares as compensation 368 300
Loss on disposition of fixed assets 59 65
Allowance for doubtful accounts (19) 246
Inventory obsolescence reserve 2,496 2,111
Changes in certain assets and liabilities:    
Accounts receivable 88 (20,311)
Inventories 8,207 (17,586)
Refundable income taxes (2,079) 235
Accounts payable (5,577) 1,784
Accrued expenses and other 5,180 (2,413)
Net cash flows provided by (used in) operating activities 49,588 (3,863)
Cash Flows from Investing Activities    
Acquisition of JSI 0 500
Purchases of property, plant, and equipment (3,208) (2,122)
Proceeds from the sale of fixed assets 5 49
Net cash flows (used in) investing activities (3,203) (1,573)
Cash Flows from Financing Activities    
Payments on long-term debt (198,306) (161,627)
Borrowings on long-term debt 153,910 173,074
Cash dividends paid (5,438) (5,322)
Shares withheld on employees' taxes (896) (250)
Payments on financing lease obligations (281) (268)
Proceeds from stock option exercises 3,862 26
Net cash flows (used in) provided by financing activities (47,149) 5,633
Change related to Foreign Currency 130 (17)
(Decrease) increase in cash and cash equivalents (634) 180
Cash and cash equivalents at beginning of period 2,462 2,282
Cash and cash equivalents at end of period $ 1,828 $ 2,462