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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,185,000 $ 10,478,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 549,000 537,000
Interest (income) expense on other investments (193,000) 76,000
Unrealized (gain) loss on marketable securities (157,000) 57,000
(Recovery of) credit losses (9,000) (24,000)
Change to inventory reserve (235,000) 822,000
Deferred income taxes (749,000) (80,000)
Stock based compensation expense 371,000 307,000
Changes in operating assets and liabilities:    
Accounts receivable 3,671,000 3,172,000
Inventories (30,000) (6,620,000)
Prepaid expenses and other current assets (197,000) 330,000
Income tax receivable (71,000) (130,000)
Other assets 3,000 17,000
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (2,113,000) 2,267,000
Net Cash Provided by Operating Activities 12,025,000 11,209,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (680,000) (256,000)
Purchases of marketable securities (111,000) (42,000)
Purchases of other investments (46,000) (347,000)
Redemption of other investments 16,293,000  
Net Cash Provided by (Used in) Investing Activities 15,456,000 (645,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 54,000  
Cash paid for dividend   (2,942,000)
Cash paid for purchase of treasury shares (7,280,000)  
Net Cash Used in Financing Activities (7,226,000) (2,942,000)
Net increase in Cash and Cash Equivalents 20,255,000 7,622,000
CASH AND CASH EQUIVALENTS - Beginning 65,341,000 35,955,000
CASH AND CASH EQUIVALENTS - Ending 85,596,000 43,577,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 8,000  
Income taxes paid 2,620,000 $ 1,703,000
Non-Cash Investing and Financing Transactions    
Cash dividends declared and not paid $ 4,610,000