v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 3,579 $ 7,821
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 4,492 4,409
Amortization of debt discount 26 21
Provision for bad debt expense 493 523
Non-cash lease expense 51 95
Stock compensation 3,956 2,267
Inventory reserve 257 (723)
Provision for deferred income taxes 130 224
Other 25 (183)
(Increase) decrease in operating assets:    
Accounts receivable 3,107 (12,759)
Inventories 6,512 (11,561)
Vendor deposits 105 (429)
Contract assets 183 610
Other assets 1,899 (1,845)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (9,583) 1,893
Accrued employee expenses (157) 878
Customer deposits 5,869 1,950
Contract liabilities (668) 161
Net cash provided (used) by operating activities 20,276 (6,648)
Investing activities:    
Capital expenditures (3,654) (2,291)
Cash paid for acquisitions, net of cash acquired (987) (1,947)
Net cash used by investing activities (4,641) (4,238)
Financing activities:    
Dividends paid (4,071)
Proceeds from long-term debt 49,500 62,000
Debt repayments (62,500) (51,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (1,244) (125)
Issuances of common stock under employee stock purchase plan 63 59
Net cash (used) provided by financing activities (18,252) 10,934
Net (decrease) increase in cash (2,617) 48
Cash at beginning of period 5,921 3,974
Cash at end of period 3,304 4,022
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 2,275 1,670
Cash paid during the period for income taxes 4,662 1,622
Supplemental disclosures of non-cash financing activities:    
Issuances of common stock for acquisitions $ 229 $ 503

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