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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 16,595 $ 13,604
Accounts receivable – less allowance for doubtful accounts of $0 at December 31, 2023 and $23 at June 30, 2023 10,457 7,022
Inventories, net 19,596 29,694
Income tax receivable 881 305
Derivative assets, current asset 414 390
Prepaids and other current assets 6,450 5,995
Total current assets 54,393 57,010
Property and equipment, net 53,207 53,841
Operating lease right-of-use assets 44,994 20,369
Deferred tax asset – noncurrent 321 355
Other noncurrent assets, net 2,818 2,577
Total assets 155,733 134,152
Current liabilities:    
Accounts payable 7,494 7,778
Accrued liabilities 2,007 2,409
Accrued compensation and employee benefits 1,661 2,246
Customer deposits 695 317
Short-term liability – operating leases 1,225 2,448
Forward contracts 38 0
Income taxes payable 0 374
Mortgage note payable, current portion 292 312
Total current liabilities 13,412 15,884
Long-term liability – operating leases 46,701 18,965
Long-term pension liability 346 339
Mortgage note payable, net of current portion 9,079 9,205
Income taxes payable, noncurrent 740 987
Total liabilities 70,278 45,380
Commitments and contingencies (Notes E, F, and L)
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 December 31, 2023 and June 30, 2023, issued and outstanding (net of treasury shares) 6,088,813 at December 31, 2023 and 6,073,813 at June 30, 2023 91 91
Additional paid-in capital 32,043 31,436
Retained earnings 76,418 80,183
Treasury stock, at cost, 3,240,593 shares at December 31, 2023 and June 30, 2023 (22,855) (22,855)
Accumulated other comprehensive loss (242) (83)
Total stockholders’ equity 85,455 88,772
Total liabilities and stockholders’ equity $ 155,733 $ 134,152