v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Current assets    
Cash $ 3,774 $ 3,974
Accounts receivable, net of allowance for doubtful accounts of $1.7 million and $1.6 million, respectively 44,320 43,014
Inventories, net 54,244 49,359
Vendor deposits 1,829 1,728
Contract assets 5,368 1,519
Other current assets 5,943 6,018
Total current assets 115,478 105,612
Equipment and improvements, net 12,941 13,033
Operating lease assets 7,151 7,480
Intangible assets, net 25,708 26,234
Goodwill 71,714 71,039
Other assets 8,054 7,370
Total assets 241,046 230,768
Current liabilities    
Accounts payable and accrued expenses 42,213 42,026
Accrued employee expenses 9,379 8,508
Customer deposits 19,696 21,288
Contract liabilities 507
Current portion of operating lease liabilities 2,471 2,518
Total current liabilities 73,759 74,847
Deferred tax liabilities, net 4,798 4,666
Long-term operating lease liabilities 5,440 5,736
Long-term debt, net 35,843 27,840
Total liabilities 119,840 113,089
Commitments and contingencies (Note 11)
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; 12,650,126 shares issued at September 30, 2022 and June 30, 2022, including shares held in treasury 316 316
Additional paid-in capital 98,224 97,544
Treasury stock, 127,801 shares at September 30, 2022 and June 30, 2022, at cost (3,070) (3,070)
Retained earnings 25,736 22,889
Total shareholders’ equity 121,206 117,679
Total liabilities and shareholders’ equity $ 241,046 $ 230,768

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