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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
Current assets    
Cash $ 5,111 $ 9,789
Accounts receivable, net of allowance for doubtful accounts 22,433 23,042
Inventories, net 24,694 24,063
Vendor deposits 227 1,276
Contract assets 8,654 3,443
Other current assets 4,386 3,041
Total current assets 65,505 64,654
Equipment and improvements, net 8,952 7,992
Operating lease assets 6,977 5,311
Intangible assets, net 21,321 21,754
Goodwill 56,641 56,678
Other assets 4,641 4,329
Total assets 164,037 160,718
Current liabilities    
Accounts payable and accrued expenses 27,521 24,292
Accrued employee expenses 4,556 4,764
Customer deposits 11,358 8,511
Contract liabilities 3,399 558
Current portion of long-term debt 383 2,680
Current portion of operating lease liabilities 1,882 1,672
Total current liabilities 49,099 42,477
Deferred tax liabilities, net 968 1,728
Long-term operating lease liabilities 5,707 3,657
Long-term debt, net 19,341 25,030
Total liabilities 75,115 72,892
Commitments and contingencies (Note 10)
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; 12,029,910 shares issued at September 30, 2020 and June 30, 2020, including shares held in treasury 301 301
Additional paid-in capital 79,705 79,127
Retained earnings 10,928 10,410
Treasury stock, 95,396 shares at September 30, 2020 and June 30, 2020, at cost (2,012) (2,012)
Total shareholders' equity 88,922 87,826
Total liabilities and shareholders' equity $ 164,037 $ 160,718