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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net income $ 6,682 $ 8,028
Non-cash items included in net income    
Depreciation and amortization 2,940 2,371
Deferred income taxes 742 (681)
Deferred compensation plan 487 437
Stock compensation expense 1,047 1,220
ESPP discount 45 57
Issuance of common shares as compensation 113 113
Loss on disposition of fixed assets 1 47
Allowance for credit losses 29 (9)
Inventory obsolescence reserve 336 262
Changes in certain assets and liabilities    
Accounts receivable (2,141) (4,576)
Inventories (685) 367
Refundable income taxes 793 1,772
Accounts payable 1,653 4,345
Accrued expenses and other (2,009) (4,634)
Customer Prepayments 1,813 1,473
Net cash flows provided by operating activities 11,846 10,592
Cash Flows from Investing Activities    
Acquisition of EMI (59) 0
Purchases of property, plant, and equipment (759) (1,393)
Net cash flows (used in) investing activities (818) (1,393)
Cash Flows from Financing Activities    
Payments on long-term debt (47,101) (49,362)
Borrowings on long-term debt 40,561 42,831
Cash dividends paid (1,481) (1,380)
Shares withheld on employees' taxes (204) 0
Payments on financing lease obligations (83) (77)
Proceeds from stock option exercises 248 549
Net cash flows (used in) financing activities (8,060) (7,439)
Change related to Foreign Currency (109) (55)
Increase in cash and cash equivalents 2,859 1,705
Cash and cash equivalents at beginning of period 4,110 1,828
Cash and cash equivalents at end of period $ 6,969 $ 3,533