XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 2,522 $ 10,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Recoveries of uncollectible accounts receivable (1,424) (120)
Depreciation and amortization 4,250 4,165
Deferred income taxes (974) 751
Non-cash lease expenses 2,831 2,749
Non-cash compensation 1,015 968
Pension expense 81 83
Gain on disposal of assets (51) (9)
Changes in operating assets and liabilities:    
Accounts receivable 11,823 644
Inventories 2,781 (5,469)
Operating lease liabilities (2,134) (3,007)
Prepaids and other assets (4,362) 75
Accounts payable and accrued liabilities (8,606) 3,057
Forward contracts 863 (2,273)
Income taxes (169) 451
Accrued compensation and employee benefits (1,427) (911)
Net cash provided by operating activities 7,019 11,866
Cash flows from investing activities    
Purchases of property and equipment (13,524) (26,488)
Proceeds from sale of property and equipment 57 30
Net cash used in investing activities (13,467) (26,458)
Cash flows from financing activities    
Repurchase of common stock (1,503) (5,503)
Borrowings on long-term debt 0 10,000
Payments on long-term debt (278) (205)
Net cash (used in) provided by financing activities (1,781) 4,292
Net decrease in cash and cash equivalents (8,229) (10,300)
Cash and cash equivalents at beginning of year 21,833 32,133
Cash and cash equivalents at end of year 13,604 21,833
Supplemental disclosures of cash flow information    
Taxes 1,842 2,608
Interest $ 802 $ 206