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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 6,734 $ 2,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,529 2,222
Deferred income taxes 306
Non-cash sales discount 82 653
Non-cash compensation 1,209 925
Pension expense, net of contributions 37 (97)
Loss (gain) on disposal of assets 9 (9)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,169) (2,971)
Inventories, net (3,449) (10,056)
Prepaids and other assets (174) (308)
Accounts payable and accrued liabilities 4,088 8,674
Accrued compensation and employee benefits (116) (577)
Forward contracts (1,258) 715
Income taxes 58 3,045
Net cash provided by operating activities 7,580 4,689
Cash flows from investing activities    
Purchases of property and equipment (4,149) (2,937)
Proceeds from sale of property and equipment 19 28
Issuance of notes receivable (1,500)
Proceeds from collection of notes receivable 1,500
Net cash used in investing activities (2,630) (4,409)
Cash flows from financing activities    
Repurchase of common stock (941) (505)
Issuance of common stock 38
Net cash used in financing activities (903) (505)
Net increase (decrease) in cash and cash equivalents 4,047 (225)
Cash and cash equivalents at beginning of period 23,613 27,843
Cash and cash equivalents at end of period 27,660 27,618
Supplemental disclosures of cash flow information    
Interest 19 6
Taxes 1,747 1,578
Disclosure of non-cash activities:    
Unrealized gain (loss) resulting from change in fair value of derivative instruments, net of tax $ 1,659 $ (1,550)