v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets    
Cash $ 3,304 $ 5,921
Accounts receivable, net of allowance for doubtful accounts of $2.0 million and $2.1 million, respectively 44,848 48,391
Inventories, net 52,870 59,167
Vendor deposits 2,186 2,291
Contract assets 998 1,181
Other current assets 6,228 8,547
Total current assets 110,434 125,498
Equipment and improvements, net 13,699 12,953
Operating lease assets 8,886 8,714
Intangible assets, net 22,548 24,128
Goodwill 74,156 73,388
Other assets 9,586 9,166
Total assets 239,309 253,847
Current liabilities    
Accounts payable and accrued expenses 29,203 38,730
Accrued employee expenses 10,567 10,724
Customer deposits 29,219 23,296
Contract liabilities   668
Current portion of operating lease liabilities 3,272 3,027
Total current liabilities 72,261 76,445
Deferred tax liabilities, net 5,153 5,023
Long-term operating lease liabilities 6,532 6,554
Long-term debt, net 21,895 34,869
Total liabilities 105,841 122,891
Commitments and contingencies (Note 11)
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; 12,865,629 shares issued at March 31, 2024 and 12,711,558 shares issued at June 30, 2023, including shares held in treasury 322 318
Additional paid-in capital 105,469 101,225
Treasury stock, 184,672 shares at March 31, 2024 and 134,001 shares at June 30, 2023, at cost (4,439) (3,195)
Retained earnings 32,116 32,608
Total shareholders’ equity 133,468 130,956
Total liabilities and shareholders’ equity $ 239,309 $ 253,847

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