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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 10,044 $ 10,990
Non-cash operating activities:    
Gain from sale of real estate 0 (3,204)
Depreciation 3,913 3,912
Amortization 957 911
Stock-based compensation 514 669
Net long-term tax obligations 126 117
Deferred taxes 937 (2,279)
Postretirement benefit and pension obligations (1,058) (11)
Changes in operating assets and liabilities:    
Accounts receivable (5,900) (4,580)
Inventories (11,053) 1,391
Other current assets (5) (1,813)
Other current liabilities 139 2,803
Prepaid pension expense (2,342) (6,374)
Other 937 189
Net cash (used in) provided by operating activities (2,791) 2,721
Cash flows from investing activities:    
Purchases of property, plant and equipment (6,883) (4,048)
Software development (782) (849)
Proceeds from sale of real estate 0 5,214
Net cash (used in) provided by investing activities (7,665) 317
Cash flows from financing activities:    
Proceeds from borrowings 39,875 12,581
Debt repayments (29,488) (17,924)
Proceeds from common stock issued 117 25
Shares repurchased (40) (11)
Net cash provided by (used in) financing activities 10,464 (5,329)
Effect of exchange rate changes on cash (1,093) 80
Net decrease in cash (1,085) (2,211)
Cash, beginning of period 9,105 13,458
Cash, end of period 8,020 11,247
Supplemental cash flow information:    
Interest paid 690 673
Income taxes paid, net $ 2,614 $ 3,535