v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income $ 5,401 $ 3,579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,734 4,492
Amortization of debt discount 54 26
Provision for expected credit losses 733 493
Non-cash lease expense 75 51
Stock compensation 3,428 3,956
Inventory reserve 864 257
Provision for deferred income taxes 57 130
Other (105) 25
(Increase) decrease in operating assets:    
Accounts receivable (8,549) 3,107
Inventories 941 6,512
Vendor deposits (1,100) 105
Contract assets 1,089 183
Other assets (1,189) 1,899
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses 4,172 (9,583)
Accrued employee expenses 463 (157)
Customer deposits 257 5,869
Contract liabilities (668)
Net cash provided by operating activities 11,325 20,276
Investing activities:    
Capital expenditures (3,162) (3,654)
Cash paid for acquisitions, net of cash acquired (12,580) (987)
Net cash used by investing activities (15,742) (4,641)
Financing activities:    
Dividends paid (4,593) (4,071)
Proceeds from long-term debt 54,000 49,500
Debt repayments (43,000) (62,500)
Repurchases of common stock in satisfaction of employee tax withholding obligations (691) (1,244)
Issuances of common stock under employee stock purchase plan 56 63
Net cash provided (used) by financing activities 5,772 (18,252)
Net increase (decrease) in cash 1,355 (2,617)
Cash at beginning of period 4,558 5,921
Cash at end of period 5,913 3,304
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 1,677 2,275
Cash paid during the period for income taxes 2,674 4,662
Supplemental disclosures of non-cash financing activities:    
Issuances of common stock for acquisitions $ 229

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