XML 35 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 7,987 $ 7,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,643 1,953
Stock-based compensation 2,115 4,081
Amortization of right-of-use assets 2,216 1,731
Amortization of deferred financing fees 0 7
Amortization of debt discount 0 39
Deferred income tax 341 1,587
Changes in operating assets and liabilities:    
Accounts receivable (657) 887
Income tax receivable (762) (1,147)
Inventory, net (791) (1,151)
Prepaid expenses and other (518) (992)
Other long-term assets 71 (279)
Accounts payable 1,636 (1,154)
Income tax payable (426) (592)
Other accrued expenses (4,020) (2,008)
Lease liabilities (1,961) (2,004)
Other long-term liabilities 25 294
Net Cash Provided by Operating Activities 7,899 8,977
Cash Flows from Investing Activities:    
Purchase of property and equipment (3,261) (2,107)
Net Cash Used in Investing Activities (3,261) (2,107)
Cash Flows from Financing Activities:    
Repurchase of company stock (8,000) (5,405)
Payment on term loan 0 (1,500)
Shares purchased as payment of tax withholding and other (1,298) (6,096)
Proceeds from common stock issued under employee stock purchase plan 517 653
Exercise of options 1,004 74
Net Cash Used in Financing Activities (7,777) (12,274)
Foreign Currency Effect on Cash (44) 44
Decrease in Cash and Cash Equivalents: (3,183) (5,360)
Cash and Cash Equivalents — beginning of period 22,138 18,824
Cash and Cash Equivalents — end of period 18,955 13,464
Non Cash Investing and Financing Activities:    
Increase in property and equipment and lease liabilities from lease incentives 3,543 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 17 43
Cash paid for income taxes $ 3,331 $ 1,377