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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
Current assets    
Cash $ 6,004 $ 6,057
Accounts receivable, net of allowance for doubtful accounts of $1.1 million and $1.0 million, respectively 29,347 28,904
Inventories, net 33,097 25,129
Vendor deposits 1,094 367
Contract assets 19 347
Other current assets 5,878 4,419
Total current assets 75,439 65,223
Equipment and improvements, net 11,044 10,594
Operating lease assets 6,659 7,060
Intangible assets, net 22,724 23,677
Goodwill 63,895 63,881
Other assets 7,036 7,415
Total assets 186,797 177,850
Current liabilities    
Accounts payable and accrued expenses 26,367 26,227
Accrued employee expenses 6,332 7,528
Customer deposits 16,654 10,344
Contract liabilities 3,232
Current portion of operating lease liabilities 2,259 2,131
Total current liabilities 51,612 49,462
Deferred tax liabilities, net 4,632 4,208
Long-term operating lease liabilities 5,129 5,567
Long-term debt, net 14,900 11,873
Total liabilities 76,273 71,110
Commitments and contingencies (Note 10)
Shareholders' equity    
Preferred stock, $1.00 par value; authorized shares - 200,000; none issued and outstanding
Common stock, $.025 par value; authorized shares - 20,000,000; 12,418,075 shares issued at December 31, 2021 and 12,399,137 shares issued at June 30, 2021, including shares held in treasury 310 310
Additional paid-in capital 91,880 90,501
Treasury stock, 124,706 shares at December 31, 2021 and 120,706 shares at June 30, 2021, at cost (3,007) (2,865)
Retained earnings 21,341 18,794
Total shareholders' equity 110,524 106,740
Total liabilities and shareholders' equity $ 186,797 $ 177,850