v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net income $ 2,623 $ 5,071
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 3,000 2,912
Amortization of debt discount 17 12
Provision for bad debt expense 283 263
Non-cash lease expense 49 (30)
Stock compensation 2,924 1,482
Inventory reserve 274 (250)
(Benefit) provision for deferred income taxes (19) 178
Other 25 (183)
(Increase) decrease in operating assets:    
Accounts receivable 3,910 4,501
Inventories 3,193 (9,166)
Vendor deposits 562 (480)
Contract assets (2,388) (7,261)
Other assets 1,269 (1,328)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (4,172) (519)
Accrued employee expenses 104 (290)
Customer deposits (349) 723
Contract liabilities (447) (507)
Net cash provided (used) by operating activities 10,858 (4,872)
Investing activities:    
Capital expenditures (2,376) (1,838)
Cash paid for acquisitions, net of cash acquired (987) (1,874)
Net cash used by investing activities (3,363) (3,712)
Financing activities:    
Dividends paid (4,071)
Proceeds from long-term debt 35,500 32,000
Debt repayments (39,500) (23,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (1,144) (66)
Issuances of common stock under employee stock purchase plan 63 59
Net cash (used) provided by financing activities (9,152) 8,993
Net (decrease) increase in cash (1,657) 409
Cash at beginning of period 5,921 3,974
Cash at end of period 4,264 4,383
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 1,578 942
Cash paid during the period for income taxes 3,631 888
Supplemental disclosures of non-cash financing activities:    
Issuances of common stock for acquisitions $ 229 $ 503

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