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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 5,187 $ 5,760
Non-cash operating activities:    
Depreciation 2,585 2,567
Amortization 720 660
Stock-based compensation 370 411
Net long-term tax obligations 91 86
Deferred taxes 977 305
Postretirement benefit and pension obligations 314 (706)
Working capital changes:    
Accounts receivable 4,530 (1,619)
Inventories (3,307) (6,002)
Other current assets (1,098) (1,063)
Other current liabilities (4,818) (3,767)
Prepaid pension expense (1,147) (2,071)
Other 70 872
Net cash provided by (used in) operating activities 4,474 (4,567)
Cash flows from investing activities:    
Purchases of property, plant and equipment (3,713) (4,457)
Software development (477) (533)
Net cash (used in) investing activities (4,190) (4,990)
Cash flows from financing activities:    
Proceeds from borrowing 1,575 29,605
Debt repayments (7,508) (20,244)
Proceeds from common stock issued 84 117
Shares repurchased (9) (23)
Net cash (used in) provided by financing activities (5,858) 9,455
Effect of exchange rate changes on cash 8 434
Net (decrease) increase in cash (5,566) 332
Cash, beginning of period 14,523 9,105
Cash, end of period 8,957 9,437
Supplemental cash flow information:    
Interest paid 802 465
Income taxes paid, net $ 3,360 $ 2,222