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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income (loss) $ 1,990 $ 4,475
Non-cash items included in net income    
Depreciation and amortization 2,033 2,399
Deferred income taxes 381 1,823
Deferred compensation plan 412 43
Stock compensation expense 505 398
Issuance of common shares as compensation 75 75
Gain on disposition of fixed assets 0 (4,752)
Allowance for doubtful accounts (38) 140
Inventory obsolescence reserve 496 298
Changes in certain assets and liabilities    
Accounts receivable (6,136) (3,854)
Inventories 926 136
Refundable income taxes (393) (3)
Accounts payable 5,912 4,611
Accrued expenses and other (521) 440
Customer prepayments 1,997 130
Net cash flows provided by operating activities 7,639 6,359
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (405) (355)
Proceeds from the sale of fixed assets 0 12,338
Net cash flows (used in) provided by investing activities (405) 11,983
Cash Flows from Financing Activities    
Payments of long-term debt 0 (51,612)
Borrowings of long-term debt 0 35,252
Cash dividends paid (1,321) (1,319)
Shares withheld for employees' taxes (5) (50)
Payments on financing lease obligations (58) 0
Proceeds from stock option exercises 53 0
Net cash flows used in financing activities (1,331) (17,729)
Change related to foreign currency 43 0
Increase in cash and cash equivalents 5,946 613
Cash and cash equivalents at beginning of period 3,517 966
Cash and cash equivalents at end of period $ 9,463 $ 1,579