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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 21,833,000 $ 32,133,000
Accounts receivable – less allowance for doubtful accounts of $3,383 at June 30, 2022 and $3,527 at June 30, 2021 17,422,000 17,946,000
Inventories, net 32,475,000 27,006,000
Income tax receivable 67,000 1,095,000
Derivative assets, current asset 3,144,000 0
Prepaids and other current assets 1,805,000 2,168,000
Total current assets 76,746,000 80,348,000
Property and equipment, net 44,573,000 22,271,000
Operating lease right-of-use assets 21,701,000 15,877,000
Deferred tax asset – noncurrent 0 214,000
Other noncurrent assets, net 2,983,000 1,571,000
Total assets 146,003,000 120,281,000
Current liabilities:    
Accounts payable 16,185,000 11,893,000
Accrued liabilities 2,787,000 2,441,000
Accrued compensation and employee benefits 3,673,000 4,584,000
Customer deposits 140,000 1,721,000
Income taxes payable 174,000 619,000
Forward contracts 0 814,000
Mortgage note payable, current portion 302,000 0
Total current liabilities 23,261,000 22,072,000
Long-term liability – operating leases 22,047,000 16,481,000
Noncurrent forward contracts 0 4,000
Long-term pension liability 344,000 391,000
Deferred tax liability 1,220,000 0
Mortgage note payable, net of current portion 9,493,000 0
Income taxes payable, noncurrent 1,118,000 1,250,000
Total liabilities 57,483,000 40,198,000
Commitments and contingencies (Notes D, F, H, J and M)
Stockholders’ equity:    
Preferred stock; $.01 par value; 500,000 shares authorized; none issued or outstanding 0 0
Common stock; $.01 par value; 20,000,000 shares authorized at June 30, 2022 and June 30, 2021, issued and outstanding (net of treasury shares) 6,129,611 at June 30, 2022 and 6,436,568 at June 30, 2021 89,000 88,000
Additional paid-in capital 30,423,000 29,456,000
Retained earnings 77,661,000 66,949,000
Treasury stock, at cost, 3,061,795 shares at June 30, 2022 and 2,567,797 at June 30, 2021 (21,352,000) (15,849,000)
Accumulated other comprehensive income 1,699,000 (561,000)
Total stockholders’ equity 88,520,000 80,083,000
Total liabilities and stockholders’ equity $ 146,003,000 $ 120,281,000