XML 71 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Cash Flows From Operating Activities      
Net income (loss) $ 5,151,000 $ 930,000 $ (123,000)
Non-cash items included in net income (loss)      
Depreciation and amortization $ 6,331,000 6,226,000 7,197,000
Goodwill and intangible asset impairment [1]   805,000 2,413,000
Earn-out liability adjustment     (897,000)
Deferred income taxes $ (226,000) 856,000 263,000
Deferred compensation plan (761,000) 99,000 169,000
Stock option expense 1,239,000 1,005,000 842,000
Issuance of common shares as compensation 191,000 193,000 57,000
Gain on disposition of building (343,000)    
Loss on disposition of fixed assets 9,000 36,000 7,000
Loss on sale of subsidiary 565,000    
Allowance for doubtful accounts 220,000 6,000 269,000
Inventory obsolescence reserve 1,493,000 1,464,000 2,957,000
Change in certain assets and liabilities      
Accounts and notes receivable (1,631,000) 3,232,000 (1,848,000)
Inventories 1,000 (4,779,000) (3,774,000)
Refundable income taxes 1,815,000 (538,000) (1,208,000)
Accounts payable 910,000 1,229,000 917,000
Accrued expenses and other 6,115,000 269,000 1,644,000
Customer prepayments (149,000) 526,000 (35,000)
Net cash flows provided by operating activities 20,930,000 11,559,000 8,850,000
Cash Flows From Investing Activities      
Purchases of property, plant, and equipment (4,754,000) (5,245,000) (7,571,000)
Proceeds from sale of subsidiary, net of cash sold 1,494,000    
Proceeds from sale of fixed assets 1,006,000 255,000 38,000
Net cash flows (used in) investing activities (2,254,000) (4,990,000) (7,533,000)
Cash Flows From Financing Activities      
Cash dividends paid (2,900,000) (5,780,000) (8,648,000)
Purchase of treasury shares (205,000) (188,000) (175,000)
Issuance of treasury shares 975,000 64,000 25,000
Exercise of stock options 850,000 399,000 175,000
Net cash flows (used in) financing activities (1,280,000) (5,505,000) (8,623,000)
Increase (decrease) in cash and cash equivalents 17,396,000 1,064,000 (7,306,000)
Cash and cash equivalents at beginning of year 9,013,000 7,949,000 15,255,000
Cash and cash equivalents at end of year 26,409,000 $ 9,013,000 $ 7,949,000
Building [Member]      
Non-cash items included in net income (loss)      
Gain on disposition of building $ (343,000)    
[1] The Company recorded a significant impairment of goodwill and/or intangible assets in fiscal 2014 and 2013, and a minor impairment in fiscal 2012. See Note 6.