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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 485 $ 7,607
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Recovery of uncollectible accounts receivable (18) (48)
Depreciation and amortization 3,050 3,318
Non-cash compensation 725 733
Non-cash lease expenses 2,937 2,355
Pension expense, net of contributions 75 26
Gain on disposal of assets (43) (9)
Changes in operating assets and liabilities:    
Accounts receivable 9,829 1,257
Inventories, net (6,834) (9,794)
Prepaids and other assets (868) (2,019)
Accounts payable and accrued liabilities (6,178) 4,390
Forward contracts 517 (1,654)
Accrued compensation and employee benefits (614) (1,474)
Operating lease liabilities (2,455) (2,423)
Income taxes (1,078) 857
Net cash (used in) provided by operating activities (470) 3,122
Cash flows from investing activities    
Proceeds from sale of property and equipment 48 30
Purchases of property and equipment (13,239) (21,468)
Net cash used in investing activities (13,191) (21,438)
Cash flows from financing activities    
Borrowings on line of credit 9,100 0
Borrowings on long-term debt 0 10,000
Payments on long-term debt (209) (137)
Repurchase of common stock (1,503) (5,105)
Net cash provided by financing activities 7,388 4,758
Net decrease in cash and cash equivalents (6,273) (13,558)
Cash and cash equivalents at beginning of period 21,833 32,133
Cash and cash equivalents at end of period 15,560 18,575
Supplemental disclosures of cash flow information    
Interest 507 173
Income taxes $ 1,321 $ 2,169