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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 2,377 $ 2,335
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 993 1,038
Provision for doubtful accounts 0 (40)
Deferred income taxes 146 (161)
Stock based compensation expense 97 92
Changes in operating assets and liabilities:    
Accounts receivable 2,082 1,897
Inventories (4,369) 1,428
Prepaid expenses and other current assets (334) (124)
Other assets (16) (22)
Accounts payable, accrued expenses and accrued income taxes 13 (757)
Net Cash Provided by Operating Activities 989 5,686
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,115) (430)
Net Cash Used in Investing Activities (1,115) (430)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on long-term debt (2,800) (3,200)
Proceeds from long-term debt borrowings 1,500 0
Proceeds from stock option exercise 49 0
Cash paid for purchase of treasury stock 0 (1,108)
Net Cash Used in Financing Activities (1,251) (4,308)
Net (Decrease) Increase in Cash and Cash Equivalents (1,377) 948
CASH AND CASH EQUIVALENTS - Beginning 3,805 2,346
CASH AND CASH EQUIVALENTS - Ending 2,428 3,294
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net 65 142
Income taxes paid 53 0
NON-CASH FINANCING ACTIVITIES:    
Shares surrendered and held in treasury for common stock options exercised 0 54
Shares surrendered and cancelled for shares for common stock options exercised $ 86 $ 0