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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities      
Net income $ (19,541,000) $ 3,000,000 $ 9,482,000
Non-cash items included in net income      
Depreciation and amortization 10,222,000 8,262,000 6,677,000
Impairment of goodwill and intangible asset 28,000,000 479,000
Deferred income taxes (4,748,000) (779,000) (1,117,000)
Deferred compensation plan 359,000 455,000 491,000
Stock based compensation expense 3,012,000 3,049,000 2,903,000
Issuance of common shares as compensation 319,000 409,000 248,000
(Gain) on disposition of building (1,361,000)
(Gain) loss on disposition of fixed assets (26,000) 484,000 (1,000)
Allowance for doubtful accounts 214,000 349,000 55,000
Inventory obsolescence reserve 2,605,000 2,088,000 1,726,000
Change in certain assets and liabilities, net of acquisition      
Accounts receivable (1,943,000) 4,948,000 (3,369,000)
Inventories (3,591,000) 535,000 (2,784,000)
Refundable income taxes (1,009,000) (775,000) 99,000
Accounts payable (1,883,000) 2,278,000 (1,130,000)
Accrued expenses and other (499,000) (2,180,000) 5,116,000
Customer prepayments 9,000 9,000 (271,000)
Net cash flows provided by operating activities 11,500,000 21,250,000 18,125,000
Cash Flows From Investing Activities      
Purchases of property, plant, and equipment (3,406,000) (6,633,000) (10,211,000)
Acquisition of business, net of cash received and warrants issued (95,077,000)
Proceeds from sale of fixed assets 1,538,000 3,095,000 68,000
Net cash flows (used in) investing activities (1,868,000) (98,615,000) (10,143,000)
Cash Flows From Financing Activities      
Payments of long-term debt (99,258,000) (41,282,000)
Borrowings of long-term debt 94,920,000 90,781,000
Cash dividends paid (5,154,000) (5,048,000) (4,214,000)
Purchase of treasury shares (107,000) (494,000) (363,000)
Shares withheld for employee taxes (179,000)
Exercise of stock options 285,875 2,945,986 4,124,047
Net cash flows provided by (used in) financing activities (9,493,000) 46,569,000 (556,000)
Increase (decrease) in cash and cash equivalents 139,000 (30,796,000) 7,426,000
Cash and cash equivalents at beginning of year 3,039,000 33,835,000 26,409,000
Cash and cash equivalents at end of year $ 3,178,000 $ 3,039,000 $ 33,835,000