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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 36,284,000 $ 16,562,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,627,000 1,398,000
Gain on disposal of fixed asset   (15,000)
Interest income on other investments 112,000 (177,000)
Unrealized (gain) loss on marketable securities (52,000) 23,000
(Recovery) of credit losses (26,000) (118,000)
Change to inventory reserve 634,000 (85,000)
Deferred income taxes (2,331,000) (1,400,000)
Stock based compensation expense 876,000 1,134,000
Changes in operating assets and liabilities:    
Accounts receivable (4,178,000) 5,166,000
Inventories (2,388,000) (813,000)
Prepaid expenses and other current assets 23,000 228,000
Income tax receivable 75,000 (688,000)
Other assets 22,000 48,000
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 354,000 (8,847,000)
Net Cash Provided by Operating Activities 31,032,000 12,416,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,043,000) (2,547,000)
Proceeds from disposal of fixed asset   38,000
Purchases of marketable securities (160,000) (110,000)
Purchases of other investments (1,123,000) (30,185,000)
Redemption of other investments   10,091,000
Net Cash Used in Investing Activities (2,326,000) (22,713,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 427,000 82,000
Cash paid for dividend (9,570,000)  
Net Cash (Used in) Provided by Financing Activities (9,143,000) 82,000
Net increase (decrease) in Cash and Cash Equivalents 19,563,000 (10,215,000)
CASH AND CASH EQUIVALENTS - Beginning 35,955,000 41,730,000
CASH AND CASH EQUIVALENTS - Ending 55,518,000 31,515,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 8,000 12,000
Income taxes paid $ 7,437,000 $ 6,421,000