v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets    
Cash $ 4,264 $ 5,921
Accounts receivable, net of allowance for doubtful accounts of $1.8 million and $2.1 million, respectively 44,255 48,391
Inventories, net 56,172 59,167
Vendor deposits 1,729 2,291
Contract assets 3,569 1,181
Other current assets 6,882 8,547
Total current assets 116,871 125,498
Equipment and improvements, net 13,386 12,953
Operating lease assets 9,966 8,714
Intangible assets, net 23,075 24,128
Goodwill 74,156 73,388
Other assets 9,562 9,166
Total assets 247,016 253,847
Current liabilities    
Accounts payable and accrued expenses 34,614 38,730
Accrued employee expenses 10,828 10,724
Customer deposits 23,001 23,296
Contract liabilities 221 668
Current portion of operating lease liabilities 3,495 3,027
Total current liabilities 72,159 76,445
Deferred tax liabilities, net 5,004 5,023
Long-term operating lease liabilities 7,387 6,554
Long-term debt, net 30,886 34,869
Total liabilities 115,436 122,891
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; 12,853,588 shares issued at December 31, 2023 and 12,711,558 shares issued at June 30, 2023, including shares held in treasury 321 318
Additional paid-in capital 104,438 101,225
Treasury stock, 179,852 shares at December 31, 2023 and 134,001 shares at June 30, 2023, at cost (4,339) (3,195)
Retained earnings 31,160 32,608
Total shareholders’ equity 131,580 130,956
Total liabilities and shareholders’ equity $ 247,016 $ 253,847

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