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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 1,330 $ 727
Accounts receivable, net of allowance for doubtful accounts of $233 and $150, respectively 16,026 13,638
Inventories, net 15,350 7,677
Vendor deposits 606 1,393
Costs in excess of billings on uncompleted contracts 1,012 86
Other current assets 2,050 279
Total current assets 36,374 23,800
Equipment and improvements, net 2,983 1,272
Intangible assets, net 15,775 7,160
Goodwill 37,061 24,753
Other assets 3,281 150
Total assets 95,474 57,135
Current liabilities    
Accounts payable and accrued expenses 11,742 12,317
Accrued employee expenses 4,248 1,546
Customer deposits 11,624 4,457
Billings in excess of costs on uncompleted contracts 259 2,146
Current portion of long-term debt 1,195 714
Total current liabilities 29,068 21,180
Deferred income taxes, net 558
Long-term debt, net 8,817 3,731
Total liabilities 38,443 24,911
Commitments and contingencies (Note 16)
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; 11,239,656 shares issued at June 30, 2018 and 10,499,481 shares issued at June 30, 2017, including shares held in treasury 281 262
Additional paid-in capital 49,950 27,018
Retained earnings 7,511 4,948
Treasury stock, 52,686 shares, at cost, at June 30, 2018 and 31,768 shares, at cost, at June 30, 2017 (711) (4)
Total shareholders' equity 57,031 32,224
Total liabilities and shareholders' equity $ 95,474 $ 57,135