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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 1,053 $ 3,256
Adjustments to reconcile net income to net cash used in operating activities:    
(Recovery of) provision for uncollectible accounts receivable (24) 67
Depreciation and amortization 956 1,092
Non-cash compensation 235 222
Non-cash lease expenses 454 725
Pension expense, net of contributions 25 9
Gain on disposal of assets 0 (6)
Changes in operating assets and liabilities:    
Accounts receivable 2,625 (2,366)
Inventories, net (7,515) (4,703)
Prepaids and other assets (719) (101)
Accounts payable and accrued liabilities 1,010 343
Forward contracts (33) (1,126)
Accrued compensation and employee benefits (1,119) (1,894)
Operating lease liabilities (792) (804)
Income taxes (716) 1,510
Net cash used in operating activities (4,560) (3,776)
Cash flows from investing activities    
Proceeds from sale of property and equipment 0 25
Purchases of property and equipment (7,767) (18,344)
Net cash used in investing activities (7,767) (18,319)
Cash flows from financing activities    
Net borrowings on line of credit 3,400 0
(Payments) borrowings on long-term debt (68) 10,000
Repurchase of common stock (497) (10)
Net cash provided by financing activities 2,835 9,990
Net decrease in cash and cash equivalents (9,492) (12,105)
Cash and cash equivalents at beginning of period 21,833 32,133
Cash and cash equivalents at end of period 12,341 20,028
Supplemental disclosures of cash flow information    
Interest 75 13
Taxes $ 827 $ 303