v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current assets    
Cash $ 5,604 $ 6,057
Accounts receivable, net of allowance for doubtful accounts of $1.1 million and $1.0 million, respectively 33,124 28,904
Inventories, net 40,781 25,129
Vendor deposits 2,022 367
Contract assets 357 347
Other current assets 6,953 4,419
Total current assets 88,841 65,223
Equipment and improvements, net 12,140 10,594
Operating lease assets 7,466 7,060
Intangible assets, net 23,943 23,677
Goodwill 65,861 63,881
Other assets 6,930 7,415
Total assets 205,181 177,850
Current liabilities    
Accounts payable and accrued expenses 26,346 26,227
Accrued employee expenses 6,420 7,528
Customer deposits 21,114 10,344
Contract liabilities 20 3,232
Current portion of operating lease liabilities 2,458 2,131
Total current liabilities 56,358 49,462
Deferred tax liabilities, net 4,157 4,208
Long-term operating lease liabilities 5,784 5,567
Long-term debt, net 23,914 11,873
Total liabilities 90,213 71,110
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; 12,609,354 shares issued at March 31, 2022 and 12,399,137 shares issued at June 30, 2021, including shares held in treasury 315 310
Additional paid-in capital 96,342 90,501
Treasury stock, 127,801 shares at March 31, 2022 and 120,706 shares at June 30, 2021, at cost (3,070) (2,865)
Retained earnings 21,381 18,794
Total shareholders’ equity 114,968 106,740
Total liabilities and shareholders’ equity $ 205,181 $ 177,850

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