XML 80 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:      
Net income $ 12,894 $ 11,549 $ 7,429
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,460 2,777 1,895
Stock-based compensation 2,036 4,919 5,525
Amortization of right-of-use assets 2,365 2,323 0
Gain on sale of fixed assets (7) 0 0
Amortization of deferred financing fees 0 7 6
Amortization of debt discount 0 39 36
Deferred income tax 955 364 563
Changes in operating assets and liabilities:      
Accounts receivable (265) (539) 14
Income tax receivable (1,036) 1,237 (785)
Inventory, net (2,069) (152) (64)
Prepaid expenses and other 486 (29) 1,029
Other long-term assets 59 (483) 7
Accounts payable 3,214 (1,648) 1,369
Income tax payable 46 193 552
Other accrued expenses (3,659) 432 545
Lease liabilities (1,913) (2,698) 0
Other long-term liabilities (293) 35 (332)
Net Cash Provided by Operating Activities 16,273 18,326 17,789
Cash Flows from Investing Activities:      
Investments in convertible note receivable 0 0 (2,000)
Purchase of equipment (3,741) (2,681) (2,506)
Proceeds from sale of fixed assets 7 0 0
Net Cash Used in Investing Activities (3,734) (2,681) (4,506)
Cash Flows from Financing Activities:      
Repurchase of company stock (11,933) (5,405) (4,655)
Payment on term loan 0 (1,500) (4,000)
Shares purchased as payment of tax withholding and other (1,416) (6,246) (3,167)
Proceeds from common stock issued under employee stock purchase plan 517 653 0
Exercise of options and warrants 1,379 76 701
Net Cash Used in Financing Activities (11,453) (12,422) (11,121)
Foreign Currency Effect on Cash (50) 91 10
Increase in Cash and Cash Equivalents 1,036 3,314 2,172
Cash and Cash Equivalents — beginning of period 22,138 18,824 16,652
Cash and Cash Equivalents — end of period 23,174 22,138 18,824
Non Cash Investing and Financing Activities      
Increase in property and equipment and lease liabilities from lease incentives 3,543 0 0
Conversion of convertible notes receivable to equity securities 0 2,205 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 17 44 227
Cash paid for income taxes $ 4,017 $ 1,623 $ 1,286