XML 24 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities    
Net Income $ 6,238 $ 4,198
Non-cash items included in net income    
Depreciation and amortization 5,101 4,023
Deferred income taxes (256) 315
Deferred compensation plan 2,569 679
Stock compensation expense 1,686 902
Issuance of common shares as compensation 150 150
Loss on disposition of fixed assets 22 0
Allowance for doubtful accounts 148 96
Inventory obsolescence reserve 955 817
Changes in certain assets and liabilities    
Accounts receivable (11,608) (6,476)
Inventories (13,995) 3,195
Refundable income taxes 77 (522)
Accounts payable 3,747 3,933
Accrued expenses and other (6,360) 834
Customer prepayments (5,017) 1,273
Net cash flows (used in) provided by operating activities (16,543) 13,417
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (745) (880)
Adjustment to JSI acquisition purchase price 500 0
Net cash flows used in investing activities (245) (880)
Cash Flows from Financing Activities    
Payments of long-term debt (77,737) 0
Borrowings of long-term debt 96,192 0
Cash dividends paid (2,657) (2,639)
Shares withheld for employees' taxes (250) (28)
Payments on financing lease obligations (129) (118)
Proceeds from stock option exercises 26 178
Net cash flows provided by (used in) financing activities 15,445 (2,607)
Change related to foreign currency (25) 137
(Decrease) increase in cash and cash equivalents (1,368) 10,067
Cash and cash equivalents at beginning of period 2,282 3,517
Cash and cash equivalents at end of period $ 914 $ 13,584