Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
ASSETS
Cash and cash equivalents	$ 3,039	$ 33,835
Accounts receivable, less allowance for doubtful accounts of $506 and $226, respectively	48,880	46,975
Inventories	50,008	44,141
Refundable income taxes	775
Assets held for sale	1,463
Other current assets	2,964	2,792
Total current assets	107,129	127,743
Property, Plant and Equipment, at cost
Land	6,429	6,978
Buildings	35,463	39,317
Machinery and equipment	78,804	82,628
Construction in progress	3,805	838
	124,501	129,761
Less accumulated depreciation	(77,147)	(82,299)
Net property, plant and equipment	47,354	47,462
Goodwill	58,538	10,508
Other Intangible Assets, net	38,169	5,586
Other Long-Term Assets, net	5,490	4,261
Total assets	256,680	195,560
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts payable	19,356	13,892
Accrued expenses	26,069	25,341
Total current liabilities	45,425	39,233
Long-Term Debt	49,698
Other Long-Term Liabilities	1,479	807
Commitments and Contingencies (Note 13)
Shareholders’ Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued
Common shares, without par value; Authorized 40,000,000 shares; Outstanding 25,429,223 and 24,982,219 shares, respectively	120,259	113,653
Retained earnings	39,819	41,867
Total shareholders’ equity	160,078	155,520
Total liabilities & shareholders’ equity	$ 256,680	$ 195,560

The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).