XML 17 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Building [Member]    
Non-cash items included in net income    
(Gain) on disposition of building $ (343,000)
Net income $ 7,532,000 3,115,000
Depreciation and amortization 3,174,000 3,138,000
Deferred income taxes (448,000) (101,000)
Deferred compensation plan 310,000 94,000
Stock or Unit Option Plan Expense 2,150,000 882,000
Issuance of common shares as compensation 113,000 96,000
(Gain) Loss on disposition of fixed assets $ 1,000 (1,000)
Loss on sale of subsidiary 565,000
Allowance for doubtful accounts $ 131,000 176,000
Inventory obsolescence reserve 699,000 753,000
Changes in certain assets and liabilities:    
Accounts receivable 387,000 (2,021,000)
Inventories (3,480,000) 1,757,000
Refundable income taxes (475,000) 1,801,000
Accounts payable (5,962,000) (784,000)
Accrued expenses and other 920,000 1,792,000
Customer prepayments 438,000 (201,000)
Net cash flows provided by operating activities 5,490,000 10,718,000
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (3,384,000) (2,404,000)
Proceeds from sale of subsidiary, net of cash sold   1,494,000
Proceeds from sale of fixed assets 4,000 952,000
Net cash flows provided by (used in) investing activities (3,380,000) 42,000
Cash Flows from Financing Activities    
Cash dividends paid (1,721,000) (1,688,000)
Exercise of stock options 2,195,000 108,000
Purchase of treasury shares (277,000) $ (139,000)
Issuance of treasury shares 47,000
Net cash flows provided by (used in) financing activities 244,000 $ (1,719,000)
Increase in cash and cash equivalents 2,354,000 9,041,000
Cash and cash equivalents at beginning of period 26,409,000 9,013,000
Cash and cash equivalents at end of period $ 28,763,000 $ 18,054,000