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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net income $ 829,000 $ 3,750,000
Non-cash items included in net income:    
Depreciation and amortization 1,835,000 1,576,000
Deferred income taxes (825,000) (396,000)
Deferred compensation plan 198,000 175,000
Stock compensation expense 1,741,000 1,775,000
Issuance of common shares as compensation 103,000 49,000
Loss on disposition of fixed assets 1,000 1,000
Fixed asset impairment 273,000
Allowance for doubtful accounts 113,000 94,000
Inventory Write-down 573,000 367,000
Changes in certain assets and liabilities – excluding sale of subsidiary    
Accounts receivable 628,000 (2,853,000)
Inventories (32,000) (2,065,000)
Refundable income taxes 99,000
Accounts payable 121,000 224,000
Accrued expenses and other (5,487,000) (275,000)
Customer prepayments 268,000 431,000
Net cash flows provided by operating activities 339,000 2,952,000
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (1,960,000) (1,362,000)
Net cash flows provided by (used in) investing activities (1,960,000) (1,362,000)
Cash Flows from Financing Activities    
Cash dividends paid (1,256,000) (735,000)
Proceeds and tax benefits from exercises of stock options 58,000 1,335,000
Purchase of treasury shares (344,000) (228,000)
Issuance of treasury shares 42,000 14,000
Net cash flows provided by (used in) financing activities (1,500,000) 386,000
Increase (decrease) in cash and cash equivalents (3,121,000) 1,976,000
Cash and cash equivalents at beginning of period 33,835,000 26,409,000
Cash and cash equivalents at end of period $ 30,714,000 $ 28,385,000