Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 10,796	$ 9,647
Adjustments to reconcile net income to net cash (used) provided by operating activities:
Depreciation and amortization	9,335	6,464
Amortization of inventory fair value step-up	4,277
Stock compensation expense	2,591	2,062
Restructuring of operations		238
Gain on sale of Mill Log Business	(768)
Gain on contingent consideration of Veth Propulsion acquisition	(809)
Provision for deferred income taxes	6,846	3,004
Other, net	84	(63)
Changes in operating assets and liabilities
Trade accounts receivable	11,177	(13,774)
Inventories	(27,671)	(17,460)
Other assets	(10,159)	1,537
Accounts payable	(1,013)	6,844
Accrued liabilities	(9,896)	10,096
Accrued/prepaid retirement benefits	(251)	(2,084)
Net cash (used) provided by operating activities	(5,461)	6,511
Cash flows from investing activities, net of acquired business:
Capital expenditures	(11,979)	(6,328)
Acquisition of Veth Propulsion, less cash acquired	(60,195)
Proceeds from sale of plant assets	239	152
Proceeds from sale of Mill Log business (see Note R)	5,158
Proceeds from life insurance policy	101
Other, net	(233)	(128)
Net cash used by investing activities	(66,909)	(6,304)
Cash flows from financing activities:
Proceeds from issuance of common stock, net	32,210
Borrowings under long-term debt agreement	44,480
Borrowings under revolving loan agreement	147,854	80,642
Repayments under revolving loan agreement	(129,548)	(82,143)
Repayments of long-term borrowings	(24,752)
Payments of withholding taxes on stock compensation	(1,005)	(422)
Dividends paid to noncontrolling interest	(115)	(172)
Proceeds from exercise of stock options	36	29
Net cash provided (used) by financing activities	69,160	(2,066)
Effect of exchange rate changes on cash	401	663
Net change in cash	(2,809)	(1,196)
Cash:
Beginning of year	15,171	16,367
End of year	12,362	15,171
Supplemental cash flow information:
Interest	1,906	304
Income taxes	$ 1,927	$ (7)

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