XML 43 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (loss) income $ (3,443) $ 6,734
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts receivable 3,282
Depreciation and amortization 2,975 2,529
Non-cash lease expense 2,051
Non-cash sales discount 82
Non-cash compensation 1,351 1,209
Pension expense, net of contributions 21 37
Loss on disposal of assets 118 9
Changes in operating assets and liabilities:    
Accounts receivable 303 (2,169)
Inventories, net (108) (3,449)
Operating lease liabilities, net (1,825)
Forward contracts 354 (1,258)
Prepaids and other assets (748) (174)
Accounts payable and accrued liabilities 1,656 4,088
Accrued compensation and employee benefits (307) (116)
Income taxes (516) 58
Net cash provided by operating activities 5,164 7,580
Cash flows from investing activities    
Purchases of property and equipment (3,432) (4,149)
Proceeds from sale of property and equipment 25 19
Proceeds from collection of notes receivable 1,500
Net cash used in investing activities (3,407) (2,630)
Cash flows from financing activities    
Repurchase of common stock (3,482) (941)
Borrowings on lines of credit 10,000
Issuance of common stock 38
Net cash provided by (used in) financing activities 6,518 (903)
Net increase in cash and cash equivalents 8,275 4,047
Cash and cash equivalents at beginning of period 25,040 23,613
Cash and cash equivalents at end of period 33,315 27,660
Supplemental disclosures of cash flow information    
Interest 16 19
Taxes $ 370 $ 1,747