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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net Income $ 3,133 $ 1,990
Non-cash items included in net income    
Depreciation and amortization 2,563 2,033
Deferred income taxes (13) 381
Deferred compensation plan 2,042 412
Stock compensation expense 556 505
Issuance of common shares as compensation 75 75
Loss on disposition of fixed assets 14 0
Allowance for doubtful accounts 10 (38)
Inventory obsolescence reserve 572 496
Changes in certain assets and liabilities    
Accounts receivable (6,260) (6,136)
Inventories (9,578) 926
Refundable income taxes 138 (393)
Accounts payable 8,359 5,912
Accrued expenses and other (6,663) (521)
Customer prepayments (2,837) 1,997
Net cash flows (used in) provided by operating activities (7,889) 7,639
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (297) (405)
Net cash flows used in investing activities (297) (405)
Cash Flows from Financing Activities    
Payments of long-term debt (42,533) 0
Borrowings of long-term debt 52,659 0
Cash dividends paid (1,326) (1,321)
Shares withheld for employees' taxes (247) (5)
Payments on financing lease obligations (64) (58)
Proceeds from stock option exercises 16 53
Net cash flows provided by (used in) financing activities 8,505 (1,331)
Change related to foreign currency (31) 43
Increase in cash and cash equivalents 288 5,946
Cash and cash equivalents at beginning of period 2,282 3,517
Cash and cash equivalents at end of period $ 2,570 $ 9,463