XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 13,934 $ 12,678
Non-cash items included in net income    
Depreciation and amortization 4,728 4,840
Deferred income taxes (591) 49
Deferred compensation plan 943 1,087
ESPP Discount 98 0
Stock compensation expense 2,034 1,415
Issuance of common shares as compensation 225 173
Loss on disposition of fixed assets 141 37
Allowance for credit losses 25 (108)
Inventory obsolescence reserve 234 300
Changes in certain assets and liabilities    
Accounts receivable 5,496 10,506
Inventories 3,330 916
Refundable income taxes 1,087 (284)
Accounts payable (6,070) (7,490)
Accrued expenses and other (6,529) (1,581)
Customer prepayments 783 (2,476)
Net cash flows provided by operating activities 19,868 20,062
Cash Flows from Investing Activities    
Proceeds from the sale of fixed assets 26 1
Purchases of property, plant and equipment (3,349) (995)
Net cash flows used in investing activities (3,323) (994)
Cash Flows from Financing Activities    
Payments of long-term debt (96,600) (102,152)
Borrowings of long-term debt 82,921 85,377
Cash dividends paid (2,826) (2,694)
Shares withheld for employees' taxes (244) (465)
Payments on financing lease obligations (156) (123)
Proceeds from stock option exercises 1,177 1,278
Net cash flows used in financing activities (15,728) (18,779)
Change related to foreign currency 15 14
Increase in cash and cash equivalents 832 303
Cash and cash equivalents at beginning of period 1,828 2,462
Cash and cash equivalents at end of period $ 2,660 $ 2,765