| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income | |||||||||
9,977 | 6,236 | 8,509 | 7,640 | 7,401 | 7,359 | 5,730 | 6,749 | 5,119 | 16,698 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
(Income) loss from discontinued operations | |||||||||
- | 104 | -7 | 41 | 17 | -75 | -58 | -71 | 83 | -107 |
Depreciation and amortization expense | |||||||||
2,812 | 2,306 | 1,665 | 1,528 | 1,293 | 1,256 | 1,044 | 825 | 771 | 991 |
Stock-based compensation expense | |||||||||
974 | 1,421 | 4,025 | 596 | 2,239 | 1,946 | 831 | 1,244 | 1,131 | 968 |
Impairment losses | |||||||||
- | - | - | - | - | - | - | - | 1,368 | - |
Provision for bad debts | |||||||||
8 | 33 | 45 | 5 | 8 | 25 | 8 | 2 | 17 | 4 |
Provision for inventory write-down | |||||||||
178 | 502 | 244 | 168 | 336 | 94 | 28 | 263 | 1 | 58 |
Provision for warranty | |||||||||
568 | 764 | 302 | -145 | 535 | 791 | 659 | 736 | 751 | 641 |
Loss on sale of property and equipment | |||||||||
-71 | -94 | -5 | -5 | -19 | -4 | 7 | 5 | -9 | 12 |
Interest accrued on note receivables | |||||||||
- | - | - | - | - | - | 6 | 12 | 15 | 9 |
Change in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-188 | -1,001 | -223 | 1,480 | 391 | 95 | 318 | 239 | 332 | -37 |
Inventories | |||||||||
-437 | 359 | 1,132 | 384 | 67 | 326 | -589 | 353 | 734 | 269 |
Prepaid expenses and other | |||||||||
-641 | 305 | 388 | 333 | -427 | 402 | 151 | -143 | -11 | 53 |
Deferred income taxes | |||||||||
-661 | -1,642 | 354 | -1,513 | -533 | 272 | -764 | -1,843 | -3,447 | 8,440 |
Refundable income taxes | |||||||||
- | - | - | - | - | - | - | -60 | -275 | 335 |
Other assets | |||||||||
-15 | 66 | 172 | 5 | -146 | -15 | 225 | -24 | 662 | 204 |
Accounts payable and accrued liabilities | |||||||||
-433 | -815 | -1,125 | 420 | -604 | 379 | -274 | -232 | -862 | -205 |
Accrued compensation and benefits | |||||||||
694 | -972 | 958 | -476 | -249 | 1,459 | 217 | 80 | 578 | 463 |
Income taxes payable | |||||||||
296 | -353 | -118 | 260 | -327 | 90 | 569 | 66 | -72 | -55 |
Deferred revenue | |||||||||
215 | 537 | 113 | - | - | - | - | - | - | - |
Deferred rent | |||||||||
228 | 310 | -105 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
- | - | - | -58 | -24 | 300 | 23 | -92 | 491 | 43 |
Deferred rent | |||||||||
- | - | - | 41 | 39 | 13 | -27 | -51 | -75 | -101 |
Net cash provided by operating activities of continuing operations | |||||||||
17,530 | 11,872 | 12,702 | 9,172 | 11,219 | 12,685 | 9,566 | 11,224 | 11,284 | 10,529 |
Net cash used in operating activities of discontinued businesses | |||||||||
-10 | -215 | -518 | -440 | -615 | -569 | -512 | -437 | -716 | -1,303 |
Net cash provided by operating activities | |||||||||
17,520 | 11,657 | 12,184 | 8,732 | 10,604 | 12,116 | 9,054 | 10,787 | 10,568 | 9,226 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Capital expenditures | |||||||||
915 | 3,923 | 1,410 | 1,299 | 777 | 1,166 | 1,020 | 1,052 | 637 | 479 |
Capitalized software | |||||||||
1,055 | 911 | 1,045 | 752 | 441 | 191 | 28 | 248 | 9 | 35 |
Proceeds from sale of business | |||||||||
12 | 6 | 57 | 53 | 116 | 18 | 37 | - | - | - |
Proceeds from sale of property and equipment | |||||||||
124 | 14 | - | 0 | 19 | 7 | 37 | 50 | 124 | 104 |
Patents and other intangibles | |||||||||
- | 5 | 15 | 13 | 57 | 23 | 65 | - | - | - |
Expos purchase price adjustment | |||||||||
- | - | - | - | - | - | - | - | - | 200 |
Purchase of business | |||||||||
- | - | - | - | 200 | 0 | - | 550 | - | - |
Intangible Assets: Website | |||||||||
- | - | - | - | - | - | - | 740 | - | - |
Common Stock Issued at Fair Value | |||||||||
- | - | - | - | - | - | - | 190 | - | - |
Purchase of business | |||||||||
- | - | - | - | - | - | 0 | -550 | - | - |
Cash received from sale of net assets of discontinued operations | |||||||||
- | - | - | - | - | - | 154 | 84 | 366 | 215 |
Collection of notes receivable from discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 2,355 |
Net cash used in investing activities | |||||||||
-1,834 | -4,819 | -2,413 | -2,011 | -1,340 | -1,355 | -885 | -1,716 | -156 | 1,960 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Repayments under Term Loan | |||||||||
-563 | 3,000 | - | - | - | - | - | - | - | - |
Borrowings under Term Loan | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Dividends paid to common stockholders | |||||||||
6,479 | 9,083 | 11,912 | 12,008 | 11,361 | 10,731 | 10,801 | 10,355 | 9,944 | 5,943 |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | - | 1,354 | 143 | 572 | 1,137 | 118 |
Payments for retirement of common stock | |||||||||
- | - | - | - | 558 | 186 | 14 | - | - | 8,910 |
Net cash used in financing activities | |||||||||
-7,042 | -6,083 | -11,912 | -12,008 | -11,919 | -9,563 | -10,672 | -9,783 | -8,807 | -14,735 |
Net increase in cash and cash equivalents | |||||||||
8,644 | 755 | -2,141 | -5,287 | -2,655 | 1,198 | -2,503 | -712 | 1,605 | -3,549 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||||||||
Interest paid during the period | |||||||||
157 | 108 | 39 | 0 | - | 0 | 0 | - | - | - |
Income taxes paid during the period | |||||||||
2,852 | 1,805 | 5,187 | 2,971 | 4,556 | 5,217 | 2,436 | 412 | -251 | 431 |
Leasehold Improvements contributed by landlord (see note 4) | |||||||||
- | 2,949 | - | 0 | - | - | - | - | - | - |
Cash Paid | |||||||||
- | - | - | - | 200 | - | - | - | - | - |