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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities    
Net Income $ 12,678 $ 6,238
Non-cash items included in net income    
Depreciation and amortization 4,840 5,101
Deferred income taxes 49 (256)
Deferred compensation plan 1,087 2,569
Stock compensation expense 1,415 1,686
Issuance of common shares as compensation 173 150
Loss on disposition of fixed assets 37 22
Allowance for doubtful accounts (108) 148
Inventory obsolescence reserve 300 955
Changes in certain assets and liabilities    
Accounts receivable 10,506 (11,608)
Inventories 916 (13,995)
Refundable income taxes (284) 77
Accounts payable (7,490) 3,747
Accrued expenses and other (1,581) (6,360)
Customer prepayments (2,476) (5,017)
Net cash flows provided by (used in) operating activities 20,062 (16,543)
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (995) (745)
Adjustment to JSI acquisition purchase price 0 500
Proceeds from the sale of fixed assets 1 0
Net cash flows used in investing activities (994) (245)
Cash Flows from Financing Activities    
Payments of long-term debt (102,152) (77,737)
Borrowings of long-term debt 85,377 96,192
Cash dividends paid (2,694) (2,657)
Shares withheld for employees' taxes (465) (250)
Payments on financing lease obligations (123) (129)
Proceeds from stock option exercises 1,278 26
Net cash flows (used in) provided by financing activities (18,779) 15,445
Change related to foreign currency 14 (25)
Increase (decrease) in cash and cash equivalents 303 (1,368)
Cash and cash equivalents at beginning of period 2,462 2,282
Cash and cash equivalents at end of period $ 2,765 $ 914