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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 12,660 $ 10,044
Non-cash operating activities:    
Depreciation 3,884 3,913
Amortization 998 957
Stock-based compensation 549 514
Net long-term tax obligations (66) 126
Deferred taxes (3,753) 937
Postretirement benefit and pension obligations 475 (1,058)
Changes in operating assets and liabilities:    
Accounts receivable 7,148 (5,900)
Inventories (72) (11,053)
Other current assets (1,275) (5)
Other current liabilities (3,255) 139
Prepaid pension expense (1,574) (2,342)
Other 178 937
Net cash provided by (used in) operating activities 15,897 (2,791)
Cash flows from investing activities:    
Purchases of property, plant and equipment (4,790) (6,883)
Software development (795) (782)
Intangibles-other (54) 0
Net cash (used in) investing activities (5,639) (7,665)
Cash flows from financing activities:    
Proceeds from term loan borrowings 575 12,433
Proceeds from line of credit borrowings 1,000 27,442
Term debt repayments (8,352) (7,906)
Repayments of Lines of Credit (9,500) (21,582)
Proceeds from common stock issued 84 117
Shares repurchased (16) (40)
Net cash provided by (used in) financing activities (16,209) 10,464
Effect of exchange rate changes on cash 23 (1,093)
Net decrease in cash (5,928) (1,085)
Cash, beginning of period 14,523 9,105
Cash, end of period 8,595 8,020
Supplemental cash flow information:    
Interest paid 1,200 690
Income taxes paid, net $ 4,395 $ 2,614