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Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:      
Net income $ 6,019 $ 6,987 $ 11,383
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,895 2,285 2,118
Loss on disposal of fixed assets 1,186 0 0
Stock-based compensation 2,621 1,806 2,953
Amortization of deferred financing fees 232 255 159
Amortization of debt discount 183 198 122
Write-off of capitalized debt transaction costs pursuant to debt refinance 1,544 0 0
Deferred income tax (2,554) 91 2,172
Changes in operating assets and liabilities:      
Decrease/(increase) in receivables 1,770 2,651 (2,044)
Decrease/(increase) in inventory (15,650) (936) 1,646
Decrease/(increase) in prepaid expenses and deposits 392 1,486 (2,318)
Decrease/(increase) in long-term assets 258 826 (1,045)
Increase/(decrease) in accounts payable 3,673 (171) (2,384)
Increase/(decrease) in accrued expenses 3,449 (2,170) (537)
Increase/(decrease) in other long-term liabilities 968 (87) (120)
Net Cash Provided by Operating Activities 5,986 13,221 12,105
Cash Flows from Investing Activities:      
Purchase of equipment (562) (1,159) (1,898)
Purchase of intangible assets 0 0 (350)
Net Cash Used in Investing Activities (562) (1,159) (2,248)
Cash Flows from Financing Activities:      
Proceeds from term loan 10,000 0 45,825
Payment of deferred financing fees (99) 0 (1,511)
Excess tax benefits from stock-based compensation 266 128 655
Repurchase of company stock 0 (9,850) (46,171)
Payment on term loan (22,125) (9,200) (16,175)
Exercise of options and warrants 261 468 1,573
Net Cash Used in Financing Activities (11,697) (18,454) (15,804)
Foreign Currency Effect on cash 251 (90) 35
Decrease in cash and cash equivalents (6,022) (6,482) (5,912)
Cash and Cash Equivalents - beginning of period 13,905 20,387 26,299
Cash and Cash Equivalents - end of period 7,883 13,905 20,387
Non Cash Investing and Financing Activities:      
Increase in property and equipment/other long-term liabilities 0 0 1,386
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 1,342 2,633 2,758
Cash paid for income taxes $ 1,368 $ 1,658 $ 4,879
Common stock shares issued upon cashless warrant exercises 6 252 385
Total cashless exercise price of warrants $ 9 $ 1,462 $ 1,615
Gross warrants underlying cashless exercises 6 418 487