v3.20.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Jun. 30, 2020
Current assets    
Cash $ 4,978 $ 9,789
Accounts receivable, net of allowance for doubtful accounts of $931 and $820, respectively 21,440 23,042
Inventories, net 25,174 24,063
Vendor deposits 1,146 1,276
Contract assets 9,434 3,443
Other current assets 4,802 3,041
Total current assets 66,974 64,654
Equipment and improvements, net 10,538 7,992
Operating lease assets 7,542 5,311
Intangible assets, net 24,652 21,754
Goodwill 63,705 56,678
Other assets 6,682 4,329
Total assets 180,093 160,718
Current liabilities    
Accounts payable and accrued expenses 25,566 24,292
Accrued employee expenses 5,052 4,764
Customer deposits 13,494 8,511
Contract liabilities 3,294 558
Current portion of long-term debt 1,837 2,680
Current portion of operating lease liabilities 2,053 1,672
Total current liabilities 51,296 42,477
Deferred tax liabilities, net 3,672 1,728
Long-term operating lease liabilities 6,113 3,657
Long-term debt, net 20,817 25,030
Total liabilities 81,898 72,892
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; 12,340,591 shares issued at December 31, 2020 and 12,029,910 shares issued at June 30, 2020, including shares sheld in treasury 309 301
Additional paid-in capital 88,855 79,127
Retained earnings 11,389 10,410
Treasury stock, 105,635 shares at December 31, 2020 and 95,396 shares at June 30, 2020, at cost (2,358) (2,012)
Total shareholders' equity 98,195 87,826
Total liabilities and shareholders' equity $ 180,093 $ 160,718

Source