v3.25.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating activities:    
Net income $ 4,217 $ 4,360
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,962 3,107
Amortization of debt discount 0 17
Provision for expected credit losses 550 602
Non-cash lease expense (28) (18)
Stock compensation 2,643 2,263
Inventory reserve 600 647
(Benefit) provision for deferred income taxes (144) 39
Other 25 (104)
(Increase) decrease in operating assets:    
Accounts receivable 3,105 (5,952)
Inventories (12,572) (518)
Vendor deposits (436) (1,178)
Contract assets 281 244
Other assets (2,040) (2,100)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 6,542 (7)
Accrued employee expenses (1,404) (591)
Customer deposits (2,860) 1,365
Contract liabilities 2,620 0
Net cash provided by operating activities 5,061 2,176
Investing activities:    
Capital expenditures (3,626) (2,124)
Cash paid for acquisitions, net of cash acquired (4,669) (10,485)
Net cash used by investing activities (8,295) (12,609)
Financing activities:    
Dividends paid (4,983) (4,593)
Proceeds from long-term debt 52,000 45,000
Debt repayments (47,000) (30,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (1,470) (683)
Issuances of common stock under employee stock purchase plan 85 56
Net cash (used) provided by financing activities (1,368) 9,780
Net decrease in cash (4,602) (653)
Cash at beginning of period 8,852 4,558
Cash at end of period 4,250 3,905
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 2,074 1,017
Cash paid during the period for income taxes $ 1,590 $ 1,090

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