XML 22 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:      
Net earnings (loss) $ 6,079 $ (3,633) $ 991
Non cash operating activities:      
Gain on sale of building (3,089)
Depreciation 5,047 5,462 5,368
Amortization 2,291 2,049 1,658
Stock-based compensation 379 298 410
Net long-term tax obligations (20) 80 (132)
Deferred taxes 1,202 7,228 498
Postretirement benefit and pension obligations 1,000 876 2,387
Loss from equity method investment 307
Working capital changes:      
Accounts receivable (3,210) (4,282) 3,863
Inventories (4,204) (3,461) (2,498)
Other current assets 610 (822) (1,192)
Other current liabilities 4,463 4,521 (523)
Prepaid pension expense (5,766) (4,761) (5,481)
Other 526 500 321
Net cash provided by operating activities 8,397 4,055 2,888
Cash flows from investing activities:      
Business acquisition, net of cash acquired (1,324)
Additions to property, plant and equipment (5,765) (4,345) (4,574)
Software development (1,462) (1,417) (1,262)
Proceeds from sale of building 3,321
Net cash (used in) investing activities (7,227) (5,762) (3,839)
Cash flows from financing activities:      
Proceeds from borrowings 4,300 6,797 500
Debt repayments (3,656) (3,444) (1,543)
Proceeds from common stock issued 81 319 335
Repurchase of shares (950) (563) (386)
Dividends paid (1,401) (2,817)
Net cash (used in) provided by financing activities (225) 1,708 (3,911)
Effect of translation rate changes on cash (190) 219 (325)
Net increase (decrease) in cash 755 220 (5,187)
Cash beginning of year 14,827 14,607 19,794
Cash end of year 15,582 14,827 14,607
Supplemental cash flow information:      
Interest paid 884 667 635
Taxes paid, net 2,262 122 (136)
Non-cash investing and financing activity:      
Liability for business acquisition $ 1,555