| Jun'19 | Jun'18 | Jul'17 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net income (loss) | ||||||||||
-7,982 | -1,325 | 5,617 | 5,617 | 6,533 | 4,304 | 7,613 | 12,583 | 11,626 | 5,736 | 8,690 |
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | ||||||||||
Goodwill and intangible assets impairment | ||||||||||
12,448 | 0 | 0 | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
7,298 | 7,774 | 7,232 | 7,232 | 6,162 | 5,910 | 3,829 | 2,965 | 2,333 | 2,212 | 1,794 |
Amortization of deferred loan costs | ||||||||||
30 | 30 | 17 | 17 | 0 | 0 | - | - | - | - | - |
Excess tax benefit from exercise of stock options | ||||||||||
- | - | - | 0 | 402 | 50 | 73 | 103 | 509 | - | - |
Accretion of deferred gain on sale of building | ||||||||||
- | - | - | - | - | - | - | - | - | 39 | - |
Excess tax benefit from exercise of stock options | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 163 |
Provision for obsolete inventory | ||||||||||
91 | 31 | 496 | 496 | 757 | 520 | 257 | 525 | 762 | 299 | 2,182 |
Provision for warranty | ||||||||||
83 | 74 | 68 | 68 | 95 | 115 | 35 | 26 | 60 | 158 | -45 |
Provision for doubtful accounts | ||||||||||
58 | -84 | -10 | -10 | 38 | 97 | 37 | 62 | -111 | 15 | - |
Loss on disposal of assets | ||||||||||
-3 | -20 | -101 | -101 | 0 | -70 | -12 | -27 | -5 | 6 | 58 |
Share-based compensation expense | ||||||||||
436 | 447 | 692 | 692 | 764 | 732 | 659 | 848 | 624 | 500 | 57 |
Deferred income taxes | ||||||||||
-1,116 | -1,562 | -471 | -471 | -1,313 | -1,517 | -687 | 2,493 | 221 | 1,036 | -2,062 |
Loss Contingency, Loss in Period | ||||||||||
0 | 4,535 | 0 | 0 | 0 | - | - | - | - | - | - |
Deferred compensation | ||||||||||
- | - | - | - | - | - | - | -546 | 0 | 0 | - |
Changes in operating assets and liabilities: | ||||||||||
Trade receivables | ||||||||||
-3,344 | 12,559 | 5,102 | 3,505 | -11,136 | 2,080 | 2,686 | -13,638 | 20,268 | 5,748 | 10,104 |
Contract assets | ||||||||||
10,255 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash received from arbitration settlement | ||||||||||
6,684 | 0 | 0 | - | - | - | - | - | - | - | - |
Inventories | ||||||||||
1,417 | -589 | -4,920 | -4,920 | 16,169 | 14,708 | 10,450 | -13,250 | 17,647 | 2,078 | 9,666 |
Other assets | ||||||||||
4,490 | 9,249 | 4,908 | -636 | -1,739 | 4,249 | 3,145 | 2,381 | 1,732 | 274 | 1,659 |
Accounts payable | ||||||||||
-2,627 | 23,320 | -5,889 | -5,889 | -2,561 | 17,999 | 6,059 | -16,625 | 16,876 | -3,009 | 10,455 |
Accrued compensation and vacation | ||||||||||
-1,346 | -1,900 | 434 | 434 | 104 | -283 | 149 | 1,148 | 1,829 | -661 | 1,899 |
Other liabilities | ||||||||||
-323 | 2,051 | -913 | -913 | -2,303 | 807 | -151 | 1,372 | 865 | -710 | 2,292 |
Cash (used in) provided by operating activities | ||||||||||
919 | 3,122 | 2,284 | 9,425 | 4,580 | 7,667 | 1,458 | 29,282 | -5,066 | -2,569 | 3,534 |
Investing activities: | ||||||||||
Payment for acquisition, net of cash acquired | ||||||||||
- | - | - | - | - | 47,964 | 6,027 | 0 | 0 | - | - |
Purchase of property and equipment | ||||||||||
8,386 | 4,523 | 9,307 | 9,307 | 13,277 | 8,808 | 7,763 | 3,470 | 4,654 | 3,818 | 3,378 |
Proceeds from sale of fixed assets | ||||||||||
22 | 1,041 | 834 | 834 | 7,612 | 8,641 | 0 | 27 | 9 | 15 | 74 |
Cash receipts from deferred purchase price of factored receivables | ||||||||||
6,500 | 8,300 | 7,141 | - | - | - | - | - | - | - | - |
Proceeds from life insurance | ||||||||||
- | - | - | - | - | - | - | 144 | 0 | 113 | - |
Cash used in investing activities | ||||||||||
-1,909 | 4,853 | -1,332 | -8,473 | -5,665 | -48,131 | -13,790 | -3,299 | -4,645 | -3,690 | -3,304 |
Financing activities: | ||||||||||
Payment of financing costs | ||||||||||
15 | 21 | 221 | 221 | 113 | 62 | 84 | 75 | 75 | 50 | 50 |
Excess tax benefit from exercise of stock options | ||||||||||
- | - | - | - | - | - | - | - | - | - | 163 |
Proceeds from issuance of long term debt | ||||||||||
- | - | - | - | - | - | - | - | - | 2,244 | - |
Proceeds from issuance of long term debt | ||||||||||
0 | 0 | 3,919 | 3,919 | 0 | 35,000 | 0 | 0 | - | - | - |
Repayments of long term debt | ||||||||||
5,871 | 5,871 | 5,435 | 5,435 | 5,000 | 3,750 | 576 | 729 | 689 | 251 | 172 |
Borrowings under revolving credit agreement | ||||||||||
181,688 | 187,419 | 161,240 | 161,240 | 197,568 | 137,987 | 8,212 | 66,528 | 114,591 | 98,985 | 24,931 |
Repayments of revolving credit agreement | ||||||||||
174,554 | 189,532 | 160,978 | 160,978 | 191,126 | 126,356 | 8,212 | 81,539 | 105,580 | 94,539 | 25,789 |
Proceeds from accounts receivable transfer agreement | ||||||||||
- | - | - | - | - | 1,116 | 7,853 | 0 | 0 | - | - |
Payments towards accounts receivable transfer agreement | ||||||||||
- | - | - | - | - | 8,969 | 0 | 0 | - | - | - |
Excess tax benefit from exercise of stock options | ||||||||||
- | - | - | 0 | 402 | 50 | 73 | 103 | 509 | 0 | - |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | 17 | 50 | 46 | 225 | 332 | 604 |
Tax withholding from exercise of share-based compensation | ||||||||||
0 | 0 | 122 | 122 | 0 | 0 | - | - | - | - | - |
Decrease in restricted cash | ||||||||||
- | - | - | - | - | - | - | - | - | - | -124 |
Cash provided by (used in) financing activities | ||||||||||
1,248 | -8,005 | -1,597 | -1,597 | 1,731 | 35,033 | 7,316 | -15,666 | 8,981 | 6,721 | -189 |
Net decrease in cash and cash equivalents | ||||||||||
258 | -30 | -645 | -645 | 646 | -5,431 | -5,016 | 10,317 | -730 | 462 | 41 |
Supplemental cash flow information: | ||||||||||
Interest payments | ||||||||||
2,773 | 2,529 | 2,238 | - | - | - | - | - | - | - | - |
Interest payments | ||||||||||
- | - | - | 2,238 | 2,308 | 1,221 | 90 | 317 | 443 | 463 | 85 |
Income tax payments (refunds), net of refunds | ||||||||||
-511 | 304 | 1,799 | 1,799 | 813 | 3,274 | 2,184 | 2,708 | 1,412 | 533 | 415 |