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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 6,541 $ 5,051
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,465 2,908
Deferred income taxes 212 2,393
Non-cash sales discount 82 898
Non-cash compensation 1,672 1,334
Pension expense, net of contributions 60 (363)
Loss (gain) on disposal of assets 48 (9)
Changes in operating assets and liabilities:    
Accounts receivable (1,343) (6,211)
Inventories (2,436) (9,838)
Prepaids and other assets 308 (386)
Accounts payable and accrued liabilities (491) 4,444
Forward contracts (1,005) 321
Income taxes (666) 1,387
Accrued compensation and employee benefits 117 (96)
Net cash provided by operating activities 6,564 1,833
Cash flows from investing activities    
Purchases of property and equipment (5,327) (4,081)
Proceeds from sale of property and equipment 19 28
Repayment of notes receivable / (issuances) 1,500 (1,500)
Net cash used in investing activities (3,808) (5,553)
Cash flows from financing activities    
Repurchase of common stock (1,367) (510)
Issuance of common stock 38
Net cash used in financing activities (1,329) (510)
Net increase (decrease) in cash and cash equivalents 1,427 (4,230)
Cash and cash equivalents at beginning of year 23,613 27,843
Cash and cash equivalents at end of year 25,040 23,613
Supplemental disclosures of cash flow information    
Taxes 1,973 1,818
Interest 23 9
Disclosure of non-cash activities:    
Change in minimum pension liability, net of tax (104) 104
Change in unrealized gain resulting from change in fair value of derivative instruments, net of tax $ 974 $ 223