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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 8,028 $ 6,262
Non-cash items included in net income    
Depreciation and amortization 2,371 2,421
Deferred income taxes (681) 350
Deferred compensation plan 437 539
ESPP Discount 57 0
Stock compensation expense 1,220 551
Issuance of common shares as compensation 113 75
Loss on disposition of fixed assets 47 2
Allowance for credit losses (9) 8
Inventory obsolescence reserve 262 250
Changes in certain assets and liabilities    
Accounts receivable (4,576) 2,293
Inventories 367 (6,286)
Refundable income taxes 1,772 (77)
Accounts payable 4,345 6,350
Accrued expenses and other (4,634) (1,943)
Customer prepayments 1,473 (212)
Net cash flows provided by operating activities 10,592 10,583
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (1,393) (434)
Net cash flows used in investing activities (1,393) (434)
Cash Flows from Financing Activities    
Payments of long-term debt (49,362) (47,123)
Borrowings of long-term debt 42,831 45,073
Cash dividends paid (1,380) (1,408)
Shares withheld for employees' taxes 0 (66)
Payments on financing lease obligations (77) (66)
Proceeds from stock option exercises 549 0
Net cash flows used in financing activities (7,439) (3,590)
Change related to foreign currency (55) 7
Increase in cash and cash equivalents 1,705 6,566
Cash and cash equivalents at beginning of period 1,828 2,462
Cash and cash equivalents at end of period $ 3,533 $ 9,028