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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:      
Net earnings (loss) $ 14,878 $ 15,533 $ (21,839)
Non cash operating activities:      
Gain on sale of facility 0 (3,204) 0
Depreciation 5,339 5,059 5,206
Amortization 1,291 1,233 1,990
Goodwill and intangibles impairment 0 0 6,496
Stock-based compensation 659 823 530
Net long-term tax obligations 168 127 1,881
Deferred taxes 1,449 (3,003) (1,802)
Postretirement benefit and pension obligations (1,405) (589) 16,823
Working capital changes:      
Accounts receivable (10,425) (3,009) 2,284
Inventories (8,832) (3,694) 1,603
Other current assets 5,486 (4,930) (3,071)
Other current liabilities 1,880 8,517 (3,369)
Prepaid pension expense (2,627) (8,186) (8,035)
Other (2,569) (109) 140
Net cash provided by (used in) operating activities 5,292 4,568 (1,163)
Cash flows from investing activities:      
Purchases of property, plant and equipment (7,982) (4,583) (9,277)
Software development (1,025) (1,124) (1,323)
Proceeds from sale of real estate 0 5,214 0
Net cash (used in) investing activities (9,007) (493) (10,600)
Cash flows from financing activities:      
Proceeds from term loan borrowings 24,553 11,882 9,350
Proceeds from line of credit borrowings 42,609 32,869 5,500
Debt reacquisition cost (532) 0 0
Term Debt repayments (16,679) (9,691) (5,583)
Line of Credit repayments (40,366) (44,116) 0
Proceeds from common stock issued 214 75 73
Repurchase of shares (53) (32) (26)
Net cash provided by (used in) financing activities 9,746 (9,013) 9,314
Effect of translation rate changes on cash (613) 585 325
Net increase (decrease) in cash 5,418 (4,353) (2,124)
Cash beginning of year 9,105 13,458 15,582
Cash end of year 14,523 9,105 13,458
Supplemental cash flow information:      
Interest paid 1,216 889 953
Taxes paid $ 2,841 $ 4,979 $ 1,994