Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Jun. 30, 2019
Current assets    
Cash and cash equivalents $ 5,261 $ 5,038
Accounts receivable, net of allowance for doubtful accounts of $366 and $323, respectively 25,890 30,557
Inventories, net 29,043 26,445
Vendor deposits 686 403
Contract assets 331 2,487
Other current assets 3,606 2,938
Total current assets 64,817 67,868
Equipment and improvements, net 6,771 5,865
Operating lease assets 5,902
Intangible assets, net 22,211 22,351
Goodwill 55,456 54,501
Other assets 3,771 3,900
Total assets 158,928 154,485
Current liabilities    
Accounts payable and accrued expenses 13,733 17,508
Accrued employee expenses 4,169 5,187
Customer deposits 8,578 7,163
Contract liabilities 396 854
Current portion of operating lease liabilities 1,689
Total current liabilities 28,565 30,712
Deferred tax liabilities, net 1,725 1,708
Long-term operating lease liabilities 4,232
Long-term debt, net 40,577 40,563
Total liabilities 75,099 72,983
Commitments and contingencies (Note 11)  
Common stock related to acquiree's Employee Stock Ownership Plan ("ESOP") 4,240
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; 11,862,665 shares issued at September 30, 2019 and 11,825,615 shares issued at June 30, 2019, including shares held in treasury 297 296
Additional paid-in capital 74,756 73,010
Retained earnings 10,215 9,635
Treasury stock, 72,934 shares at September 30, 2019 and June 30, 2019, at cost (1,439) (1,439)
Common stock related to acquiree's ESOP (4,240)
Total shareholders' equity 83,829 77,262
Total liabilities and shareholders' equity $ 158,928 $ 154,485