XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows provided by (used in) operating activities:    
Net income $ 1,748 $ 692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,270 1,317
Share-based compensation 561 497
Deferred income taxes, net (1,175) 324
Provision for excess and obsolete inventories 171 549
Provision for bad debts 31 10
Foreign currency exchange (gains) losses (408) 433
Gain on sale of product line, net (4,116) 0
Gain on sale of intangible assets, net 0 (339)
Decrease (increase) in assets:    
Accounts receivable (4,257) (1,906)
Inventories 106 (927)
Prepaid expenses and other current assets (560) (44)
Other long-term assets (112) (373)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses 2,607 (287)
Deferred revenue (580) 3,439
Pension and other long-term liabilities 150 100
Net cash provided by (used in) operating activities (4,564) 3,485
Cash flows provided by (used in) investing activities:    
Additions to property and equipment (1,621) (1,505)
Purchase of domain name (35) 0
Proceeds from sale of product line 2,750 0
Proceeds from sale of intangible assets 0 339
Net cash provided (used in) by investing activities 1,094 (1,166)
Cash flows used in financing activities:    
Dividends paid (3,364) (3,404)
Net cash used in financing activities (3,364) (3,404)
Effect of exchange rates on cash and cash equivalents 114 (163)
Decrease in cash and cash equivalents (6,720) (1,248)
Cash and cash equivalents - beginning of period 25,451 28,074
Cash and cash equivalents - end of period 18,731 26,826
Cash paid during the period for:    
Interest 2 6
Income taxes (net of refunds) $ 502 $ 562