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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities    
Net income $ 4,198 $ 6,218
Non-cash items included in net income    
Depreciation and amortization 4,023 4,551
Deferred income taxes 315 1,893
Deferred compensation plan 679 47
Stock compensation expense 902 597
Issuance of common shares as compensation 150 150
Gain on disposition of fixed assets 0 (4,753)
Allowance for doubtful accounts 96 (356)
Inventory obsolescence reserve 817 (212)
Changes in certain assets and liabilities    
Accounts receivable (6,476) 10,552
Inventories 3,195 413
Refundable income taxes (522) (112)
Accounts payable 3,933 1,864
Accrued expenses and other 834 406
Customer prepayments 1,273 (355)
Net cash flows provided by operating activities 13,417 20,903
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (880) (1,119)
Proceeds from the sale of fixed assets 0 12,340
Net cash flows (used in) provided by investing activities (880) 11,221
Cash Flows from Financing Activities    
Payments of long-term debt 0 (99,746)
Borrowings of long-term debt 0 70,642
Cash dividends paid (2,639) (2,643)
Shares withheld for employees' taxes (28) (124)
Payments on financing lease obligations (118) 0
Proceeds from stock option exercises 178 29
Net cash flows used in financing activities (2,607) (31,842)
Change related to foreign currency 137 0
Increase in cash and cash equivalents 10,067 282
Cash and cash equivalents at beginning of period 3,517 966
Cash and cash equivalents at end of period $ 13,584 $ 1,248