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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities    
Net Income $ 5,262,335 $ 6,500,545
Adjustments to reconcile net income (loss) to net cash from operating activities    
Depreciation and amortization 5,004,487 4,913,293
Deferred income taxes and investment tax credits 1,168,847 815,773
Change in cash surrender value of officer's life insurance 15,605 (11,471)
Share-based compensation 383,482 1,034,672
Excess tax deficiency from share-based compensation (7,581) (9,574)
Decrease in assets 1,477,572 578,429
Decrease (increase) in liabilities (1,424,599) 341,589
Net cash provided by operating activities 11,880,148 14,163,256
Cash Flows From Investing Activities    
Capital expenditures (4,943,907) (6,402,067)
Proceeds from sale of property, plant and equipment 249,163 34,822
Other (60,000) (60,000)
Net cash used in investing activities (4,754,744) (6,427,245)
Cash Flows From Financing Activities    
Dividends on common shares (4,364,616) (4,227,814)
Issuance of common shares 483,996 398,764
Excess tax benefit from share-based compensation 2,073 18,823
Payments Related to Tax Withholding for Share-based Compensation (263,044) 0
Repayments of long-term debt (1,500,000) (1,500,000)
Borrowing on bank line of credit 0 126,430
Repayments on Lines of Credit 0 (126,430)
Net cash used in financing activities (5,641,591) (5,310,227)
Net Increase in Cash and Cash Equivalents 1,483,813 2,425,784
Cash and Cash Equivalents, Beginning of Period 16,924,278 13,675,918
Cash and Cash Equivalents, End of Period $ 18,408,091 $ 16,101,702