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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 13,604 $ 21,833
Accounts receivable – less allowance for doubtful accounts of $23 at June 30, 2023 and $3,383 at June 30, 2022 7,022 17,422
Inventories, net 29,694 32,475
Income tax receivable 305 67
Forward contracts 390 3,144
Prepaids and other current assets 5,995 1,805
Total current assets 57,010 76,746
Property and equipment, net 53,841 44,573
Operating lease right-of-use assets 20,369 21,701
Deferred tax asset – noncurrent 355 0
Other noncurrent assets, net 2,577 2,983
Total assets 134,152 146,003
Current liabilities:    
Accounts payable 7,778 16,185
Accrued liabilities 2,409 2,787
Accrued compensation and employee benefits 2,246 3,673
Customer deposits 317 140
Short-term liability – operating leases 2,448 634
Income taxes payable 374 174
Mortgage note payable, current portion 312 302
Total current liabilities 15,884 23,895
Long-term liability – operating leases 18,965 21,413
Long-term pension liability 339 344
Deferred tax liability 0 1,220
Mortgage note payable, net of current portion 9,205 9,493
Income taxes payable, noncurrent 987 1,118
Total liabilities 45,380 57,483
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, 2023 and June 30, 2022, issued and outstanding (net of treasury shares) 6,073,813 at June 30, 2023 and 6,129,611 at June 30, 2022 91 89
Additional paid-in capital 31,436 30,423
Retained earnings 80,183 77,661
Treasury stock, at cost, 3,240,593 shares at June 30, 2023 and 3,061,795 at June 30, 2022 (22,855) (21,352)
Accumulated other comprehensive income (83) 1,699
Total stockholders’ equity 88,772 88,520
Total liabilities and stockholders’ equity $ 134,152 $ 146,003