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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities    
Net income $ 2,835,000 $ 7,532,000
Non-cash items included in net income    
Depreciation and amortization 3,605,000 3,174,000
Deferred income taxes (962,000) (448,000)
Deferred compensation plan 237,000 310,000
Stock compensation expense 1,688,000 2,150,000
Issuance of common shares as compensation 228,000 113,000
Loss on disposition of fixed assets 53,000 1,000
Fixed asset impairment and accelerated depreciation 354,000
Allowance for doubtful accounts 205,000 131,000
Inventory obsolescence reserve 758,000 699,000
Changes in certain assets and liabilities:    
Accounts receivable (2,771,000) 387,000
Inventories 979,000 (3,480,000)
Refundable income taxes (475,000)
Accounts payable (176,000) (5,962,000)
Accrued expenses and other (2,630,000) 920,000
Customer prepayments 216,000 438,000
Net cash flows provided by operating activities 4,619,000 5,490,000
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (2,744,000) (3,384,000)
Proceeds from sale of fixed assets 1,000 4,000
Net cash flows (used in) investing activities (2,743,000) (3,380,000)
Cash Flows from Financing Activities    
Cash dividends paid (2,513,000) (1,721,000)
Exercise of stock options 171,000 2,195,000
Purchase of treasury shares (390,000) (277,000)
Issuance of treasury shares 44,000 47,000
Net cash flows provided by (used in) financing activities (2,688,000) 244,000
Increase (decrease) in cash and cash equivalents (812,000) 2,354,000
Cash and cash equivalents at beginning of period 33,835,000 26,409,000
Cash and cash equivalents at end of period $ 33,023,000 $ 28,763,000