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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net Income $ 19,309 $ 17,347
Non-cash items included in net income    
Depreciation and amortization 7,143 7,295
Deferred income taxes (1,143) 59
Deferred compensation plan 1,374 1,530
ESPP discount 145 97
Stock compensation expense 2,961 2,308
Issuance of common shares as compensation 338 270
Loss on disposition of fixed assets 173 37
Allowance for credit losses 57 (80)
Inventory obsolescence reserve (1,259) 740
Changes in certain assets and liabilities    
Accounts receivable 8,894 8,542
Inventories 4,646 6,020
Refundable income taxes 466 (1,865)
Accounts payable (3,092) (10,034)
Accrued expenses and other (6,865) 2,830
Customer prepayments (850) (2,548)
Net cash flows provided by operating activities 32,297 32,548
Cash Flows from Investing Activities    
Proceeds from the sale of fixed assets 32 1
Purchases of property, plant and equipment (4,626) (1,754)
Net cash flows used in investing activities (4,594) (1,753)
Cash Flows from Financing Activities    
Payments of long-term debt (102,366) (150,547)
Borrowings of long-term debt 83,520 120,524
Cash dividends paid (4,280) (4,065)
Shares withheld for employees' taxes (304) (844)
Payments on financing lease obligations (241) (192)
Proceeds from stock option exercises 1,270 3,139
Net cash flows used in financing activities (22,401) (31,985)
Change related to foreign currency 45 78
Increase (decrease) in cash and cash equivalents 5,347 (1,112)
Cash and cash equivalents at beginning of period 1,828 2,462
Cash and cash equivalents at end of period $ 7,175 $ 1,350