XML 20 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:      
Net income $ 1,608 $ 6,106 $ 7,125
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,643 1,895 2,285
Loss on disposal of fixed assets 0 1,186 0
Stock-based compensation 2,647 2,621 1,806
Amortization of deferred financing fees 12 232 255
Amortization of debt discount 19 183 198
Write-off of capitalized debt transaction costs pursuant to debt refinance 0 1,544 0
Write-off of intangible assets 350 0 0
Deferred income tax (740) (2,118) (796)
Changes in operating assets and liabilities:      
Accounts receivable 160 (409) 149
Income tax receivable (912) 2,179 2,502
Inventory, net 8,309 (15,650) (936)
Prepaid expenses and deposits 3,318 (356) 1,269
Other long-term assets 103 258 826
Accounts payable (6,210) 3,673 (171)
Income tax payable (3,132) 1,481 966
Other accrued expenses 135 2,243 (2,170)
Other long-term liabilities (713) 968 (87)
Net Cash Provided by Operating Activities 6,597 6,036 13,221
Cash Flows from Investing Activities:      
Purchase of equipment (1,055) (562) (1,159)
Net Cash Used in Investing Activities (1,055) (562) (1,159)
Cash Flows from Financing Activities:      
Proceeds from term loan 0 10,000 0
Payment of deferred financing fees 0 (99) 0
Excess tax benefits from stock-based compensation 0 266 128
Repurchase of company stock 0 0 (9,850)
Payment on term loan (2,000) (22,125) (9,200)
Exercise of options and warrants 42 261 468
Net Cash Used in Financing Activities (1,958) (11,697) (18,454)
Foreign Currency Effect on cash (9) 201 (90)
Increase (decrease) in cash and cash equivalents 3,575 (6,022) (6,482)
Cash and Cash Equivalents — beginning of period 7,883 13,905 20,387
Cash and Cash Equivalents — end of period 11,458 7,883 13,905
Non Cash Investing and Financing Activities:      
Increase in property and equipment/other long-term liabilities 116 0 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 438 1,342 2,633
Cash paid for income taxes $ 5,496 $ 1,368 $ 1,658
Common stock shares issued upon cashless warrant exercises 53 6 252
Total cashless exercise price of warrants $ 88 $ 9 $ 1,462
Gross warrants underlying cashless exercises 63 6 418