v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Jun. 30, 2022
Current assets    
Cash $ 4,022 $ 3,974
Accounts receivable, net of allowance for doubtful accounts of $2.0 million and $1.6 million, respectively 55,577 43,014
Inventories, net 62,928 49,359
Vendor deposits 2,193 1,728
Contract assets 909 1,519
Other current assets 6,928 6,018
Total current assets 132,557 105,612
Equipment and improvements, net 12,605 13,033
Operating lease assets 8,201 7,480
Intangible assets, net 24,655 26,234
Goodwill 73,095 71,039
Other assets 8,334 7,370
Total assets 259,447 230,768
Current liabilities    
Accounts payable and accrued expenses 44,587 42,026
Accrued employee expenses 9,488 8,508
Customer deposits 23,679 21,288
Contract liabilities 668 507
Current portion of operating lease liabilities 2,867 2,518
Total current liabilities 81,289 74,847
Deferred tax liabilities, net 4,890 4,666
Long-term operating lease liabilities 6,203 5,736
Long-term debt, net 38,861 27,840
Total liabilities 131,243 113,089
Commitments and contingencies (Note 11)
Shareholders’ equity    
Preferred stock, $1.00 par value; authorized shares – 200,000; none issued and outstanding
Common stock, $.025 par value; authorized shares - 20,000,000; 12,708,736 shares issued at March 31, 2023 and 12,650,126 shares issued at June 30, 2022, including shares held in treasury 318 316
Additional paid-in capital 100,371 97,544
Treasury stock, 134,001 shares at March 31, 2023 and 127,801 shares at June 30, 2022, at cost (3,195) (3,070)
Retained earnings 30,710 22,889
Total shareholders’ equity 128,204 117,679
Total liabilities and shareholders’ equity $ 259,447 $ 230,768

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