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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 7,235 $ 9,546
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts receivable 9
Depreciation and amortization 2,384 1,772
Deferred income taxes 349 (197)
Non-cash compensation 1,032 724
Pension expense 244 106
Gain on disposal of assets (24) (1,866)
Changes in operating assets and liabilities:    
Accounts receivable 4,807 (3,331)
Inventories 7,039 (8,204)
Prepaids and other assets 580 131
Accounts payable and accrued liabilities (8,013) 7,983
Income taxes (288) 1,272
Accrued compensation and employee benefits (1,208) 1,340
Net cash provided by operating activities 14,137 9,285
Cash flows from investing activities    
Purchases of property and equipment (5,354) (10,441)
Proceeds from sale of property and equipment 25 3,000
Net cash used in investing activities (5,329) (7,441)
Cash flows from financing activities    
Repurchase of common stock (712) (648)
Net cash used in financing activities (712) (648)
Net increase in cash and cash equivalents 8,096 1,196
Cash and cash equivalents at beginning of year 19,747 18,551
Cash and cash equivalents at end of year 27,843 19,747
Supplemental disclosures of cash flow information    
Taxes 2,889 3,359
Interest
Disclosure of non-cash activities:    
Change in minimum pension liability, net of tax 284 (132)
Change in unrealized (loss) gain resulting from change in fair value of derivative instruments, net of tax $ (509) $ 218