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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 8,663 $ 11,981
Accounts receivable – less allowance for credit losses of $129 at December 31, 2024 and $0 at June 30, 2024 16,898 16,891
Inventories, net 23,036 24,249
Income tax receivable 921 0
Forward contracts 1,043 492
Prepaids and other current assets 7,986 7,997
Total current assets 58,547 61,610
Property and equipment, net 50,939 52,211
Operating lease right-of-use assets 42,303 43,537
Deferred tax asset – noncurrent 3,125 3,170
Other noncurrent assets, net 1,214 1,814
Total assets 156,128 162,342
Current liabilities:    
Accounts payable 8,597 12,740
Accrued liabilities 2,250 2,847
Accrued compensation and employee benefits 2,128 2,090
Customer deposits 1,165 302
Short-term liability – operating leases 1,932 1,194
Forward contracts 275 91
Income taxes payable 0 505
Mortgage note payable, current portion 301 296
Line of credit – current 5,000 3,400
Total current liabilities 21,648 23,465
Long-term liability – operating leases 45,659 46,468
Long-term pension liability 159 141
Mortgage note payable, net of current portion 8,781 8,933
Income taxes payable, noncurrent 740 740
Total liabilities 76,987 79,747
Commitments and contingencies (Notes E, F, and L)
Stockholders’ equity:    
Preferred stock; $.01 par value; 500,000 shares authorized; none issued or outstanding 0 0
Common stock; $.01 par value; 20,000,000 shares authorized at December 31, 2024 and June 30, 2024, issued and outstanding (net of treasury shares) 6,198,778 at December 31, 2024 and 6,200,185 at June 30, 2024 93 93
Additional paid-in capital 33,187 32,634
Retained earnings 68,793 72,966
Treasury stock, at cost, 3,282,128 shares at December 31, 2024 and 3,280,721 at June 30, 2024 (23,084) (23,076)
Accumulated other comprehensive gain (loss) 152 (22)
Total stockholders’ equity 79,141 82,595
Total liabilities and stockholders’ equity $ 156,128 $ 162,342