v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets    
Cash $ 4,558 $ 5,921
Accounts receivable, net of allowance for expected credit losses 40,932 48,391
Inventories, net 47,901 59,167
Vendor deposits 1,657 2,291
Contract assets 1,222 1,181
Other current assets 5,671 8,547
Total current assets 101,941 125,498
Equipment and improvements, net 13,950 12,953
Operating lease assets 8,078 8,714
Intangible assets, net 22,022 24,128
Goodwill 75,102 73,388
Other assets 9,566 9,166
Total assets 230,659 253,847
Current liabilities    
Accounts payable and accrued expenses 30,904 38,730
Accrued employee expenses 11,370 10,724
Customer deposits 24,419 23,296
Contract liabilities 668
Current portion of operating lease liabilities 3,110 3,027
Total current liabilities 69,803 76,445
Deferred income taxes, net 5,498 5,023
Long-term operating lease liabilities 5,849 6,554
Long-term debt, net 12,903 34,869
Total liabilities 94,053 122,891
Commitments and contingencies (Note 14)
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; 12,868,709 shares issued at June 30, 2024 and 12,711,558 shares issued at June 30, 2023, including shares held in treasury 322 318
Additional paid-in capital 106,540 101,225
Retained earnings 34,183 32,608
Treasury stock, 184,672 shares, at cost, at June 30, 2024 and 134,001 shares, at cost, at June 30, 2023 (4,439) (3,195)
Total shareholders’ equity 136,606 130,956
Total liabilities and shareholders’ equity $ 230,659 $ 253,847

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