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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 9,719 $ 4,095
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 6,024 5,209
Amortization of debt discount 29 133
Provision for bad debt expense 710 446
Non-cash lease expense 93 136
Stock compensation 3,062 2,598
Inventory reserve (178) (105)
Provision (benefit) for deferred income taxes 357 (164)
Other (103) (24)
(Increase) decrease in operating assets:    
Accounts receivable (5,664) (12,139)
Inventories (8,302) (20,396)
Vendor deposits (527) (1,191)
Contract assets 338 (1,172)
Other assets (4,296) (433)
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses (4,164) 13,265
Accrued employee expenses 2,114 814
Customer deposits 1,567 9,755
Contract liabilities 161 (2,725)
Net cash provided (used) by operating activities 940 (1,898)
Investing activities:    
Capital expenditures (3,708) (3,981)
Cash paid for acquisitions, net of cash acquired (2,278) (11,953)
Net cash used by investing activities (5,986) (15,934)
Financing activities:    
Proceeds from borrowings 77,000 65,000
Debt repayments (70,000) (49,000)
Payment of debt issuance costs (166)
Repurchases of common stock in satisfaction of employee tax withholding obligations (125) (205)
Issuances of common stock under employee stock purchase plan 118 120
Net cash provided by financing activities 6,993 15,749
Net increase (decrease) in cash 1,947 (2,083)
Cash at beginning of year 3,974 6,057
Cash at end of year 5,921 3,974
Supplemental information:    
Cash paid for interest 2,469 494
Cash paid for income taxes 3,099 430
Supplemental disclosure of non-cash financing activities    
Common stock issued for acquisitions $ 503 $ 4,331