v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 5,646 $ 9,719
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,983 6,024
Amortization of debt discount 34 29
Provision for bad debt expense 688 710
Non-cash lease expense 14 93
Stock compensation 4,974 3,062
Inventory reserve 54 (178)
Provision for deferred income taxes 475 357
Other 25 (103)
(Increase) decrease in operating assets:    
Accounts receivable 7,028 (5,664)
Inventories 11,901 (8,302)
Vendor deposits 634 (527)
Contract assets (41) 338
Other assets 2,476 (4,296)
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses (8,234) (4,164)
Accrued employee expenses 646 2,114
Customer deposits 1,017 1,567
Contract liabilities (668) 161
Net cash provided by operating activities 32,652 940
Investing activities:    
Capital expenditures (4,867) (3,708)
Cash paid for acquisitions, net of cash acquired (1,949) (2,278)
Net cash used by investing activities (6,816) (5,986)
Financing activities:    
Dividends paid (4,071)
Proceeds from borrowings 62,500 77,000
Debt repayments (84,500) (70,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (1,244) (125)
Issuances of common stock under employee stock purchase plan 116 118
Net cash (used) provided by financing activities (27,199) 6,993
Net (decrease) increase in cash (1,363) 1,947
Cash at beginning of year 5,921 3,974
Cash at end of year 4,558 5,921
Supplemental information:    
Cash paid for interest 2,783 2,469
Cash paid for income taxes 4,575 3,099
Supplemental disclosure of non-cash financing activities    
Common stock issued for acquisitions $ 229 $ 503

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