v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
Current assets    
Cash $ 2,919 $ 9,789
Accounts receivable, net of allowance for doubtful accounts of $984 and $820, respectively 21,797 23,042
Inventories, net 26,725 24,063
Vendor deposits 2,735 1,276
Contract assets 12,316 3,443
Other current assets 4,865 3,041
Total current assets 71,357 64,654
Equipment and improvements, net 10,430 7,992
Operating lease assets 7,432 5,311
Intangible assets, net 24,165 21,754
Goodwill 63,772 56,678
Other assets 6,978 4,329
Total assets 184,134 160,718
Current liabilities    
Accounts payable and accrued expenses 30,385 24,292
Accrued employee expenses 6,012 4,764
Customer deposits 11,115 8,511
Contract liabilities 2,675 558
Current portion of long-term debt 2,680 2,680
Current portion of operating lease liabilities 2,091 1,672
Total current liabilities 54,958 42,477
Deferred tax liabilities, net 3,601 1,728
Long-term operating lease liabilities 5,971 3,657
Long-term debt, net 20,071 25,030
Total liabilities 84,601 72,892
Commitments and contingencies (Note 12)
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; 12,371,415 shares issued at March 31, 2021 and 12,029,910 shares issued at June 30, 2020, including shares held in treasury 309 301
Additional paid-in capital 89,851 79,127
Retained earnings 12,014 10,410
Treasury stock, 113,242 shares at March 31, 2021 and 95,396 shares at June 30, 2020, at cost (2,641) (2,012)
Total shareholders' equity 99,533 87,826
Total liabilities and shareholders' equity $ 184,134 $ 160,718

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