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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 2,163 $ 12,660
Non-cash operating activities:    
Depreciation 4,246 3,884
Amortization 812 998
Stock-based compensation 494 549
Net long-term tax obligations (75) (66)
Deferred taxes 991 (3,753)
Postretirement benefit and pension obligations 442 475
Changes in operating assets and liabilities:    
Accounts receivable 156 7,148
Inventories 6,060 (72)
Other current assets (606) (1,275)
Other current liabilities (589) (3,255)
Prepaid pension expense (3,179) (1,574)
Other 208 178
Net cash provided by operating activities 11,123 15,897
Cash flows from investing activities:    
Purchases of property, plant and equipment (10,681) (4,790)
Software development (1,036) (795)
Intangibles-other 0 (54)
Net cash (used in) investing activities (11,717) (5,639)
Cash flows from financing activities:    
Proceeds from term loan borrowings 2,000 575
Proceeds from line of credit borrowings 8,000 1,000
Term debt repayments (5,719) (8,352)
Repayments of Lines of Credit (6,500) (9,500)
Proceeds from common stock issued 40 84
Shares repurchased (44) (16)
Net cash (used in) financing activities (2,223) (16,209)
Effect of exchange rate changes on cash (110) 23
Net decrease in cash (2,927) (5,928)
Cash, beginning of period 10,454 14,523
Cash, end of period 7,527 8,595
Supplemental cash flow information:    
Interest paid 615 1,200
Income taxes paid, net $ 3,132 $ 4,395