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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 7,607 $ 7,806
Adjustments to reconcile net income to net cash provided by operating activities:    
Recovery of uncollectible accounts receivable (48) (111)
Depreciation and amortization 3,318 3,309
Non-cash compensation 733 1,032
Non-cash lease expenses 2,355 2,488
Deferred income taxes 0 (469)
Pension expense, net of contributions 26 6
(Gain) loss on disposal of assets (9) 61
Changes in operating assets and liabilities:    
Accounts receivable 1,257 230
Inventories, net (9,794) (1,116)
Prepaids and other assets (2,019) (64)
Accounts payable and accrued liabilities 4,390 4,081
Forward contracts (1,654) 1,061
Accrued compensation and employee benefits (1,474) 711
Operating lease liabilities (2,423) (2,441)
Income taxes 857 (585)
Net cash provided by operating activities 3,122 15,999
Cash flows from investing activities    
Proceeds from sale of property and equipment 30 3
Purchases of property and equipment (21,468) (4,251)
Net cash used in investing activities (21,438) (4,248)
Cash flows from financing activities    
Borrowings on line of credit 0 (10,000)
Borrowings on long-term debt 10,000 0
Payments on long-term debt (137) 0
Repurchase of common stock (5,105) (4,140)
Net cash provided by (used in) financing activities 4,758 (14,140)
Net decrease in cash and cash equivalents (13,558) (2,389)
Cash and cash equivalents at beginning of period 32,133 30,478
Cash and cash equivalents at end of period 18,575 28,089
Supplemental disclosures of cash flow information    
Interest 173 123
Taxes $ 2,169 $ 1,549