XML 31 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net Income $ 23,088 $ 14,878
Non cash operating activities:    
Depreciation 5,231 5,339
Amortization 1,206 1,291
Stock-based compensation 730 659
Net long-term tax obligations (65) 168
Deferred taxes (1,447) 1,449
Postretirement benefit and pension obligations (9,861) (1,405)
Working capital changes:    
Accounts receivable 7,771 (10,425)
Inventories 3,343 (8,832)
Other current assets (632) 5,486
Other current liabilities (2,024) 1,880
Prepaid pension expense (2,514) (2,627)
Other 253 (2,569)
Net cash provided by operating activities 25,079 5,292
Cash flows from investing activities:    
Purchases of property, plant and equipment (6,767) (7,982)
Software development (1,133) (1,025)
Intangibles and other (102) 0
Net cash (used in) investing activities (8,002) (9,007)
Cash flows from financing activities:    
Proceeds from term loan borrowings 575 24,553
Proceeds from line of credit borrowings 3,000 42,609
Debt re-acquisition cost 0 (532)
Term Debt repayments (13,399) (16,679)
Line of Credit repayments (11,500) (40,366)
Proceeds from common stock issued 125 214
Repurchase of shares (36) (53)
Net cash (used in) provided by financing activities (21,235) 9,746
Effect of translation rate changes on cash 89 (613)
Net (decrease) increase in cash (4,069) 5,418
Cash beginning of year 14,523 9,105
Cash end of year 10,454 14,523
Supplemental cash flow information:    
Interest paid 1,482 1,216
Taxes paid $ 5,741 $ 2,841