Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Current assets    
Cash and cash equivalents $ 3,917 $ 5,038
Accounts receivable, net of allowance for doubtful accounts of $382 and $323, respectively 26,560 30,557
Inventories, net 27,108 26,445
Vendor deposits 613 403
Contract assets 116 2,487
Other current assets 3,430 2,938
Total current assets 61,744 67,868
Equipment and improvements, net 7,971 5,865
Operating lease assets 5,780
Intangible assets, net 22,189 22,351
Goodwill 56,574 54,501
Other assets 4,186 3,900
Total assets 158,444 154,485
Current liabilities    
Accounts payable and accrued expenses 17,647 17,508
Accrued employee expenses 4,070 5,187
Customer deposits 10,510 7,163
Contract liabilities 834 854
Current portion of operating lease liabilities 1,744
Total current liabilities 34,805 30,712
Deferred tax liabilities, net 2,347 1,708
Long-term operating lease liabilities 4,060
Long-term debt, net 29,804 40,563
Total liabilities 71,016 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; 12,002,793 shares issued at March 31, 2020 and 11,825,615 shares issued at June 30, 2019, including shares held in treasury 300 296
Additional paid-in capital 78,526 73,010
Retained earnings 10,466 9,635
Treasury stock, 88,306 shares at March 31, 2020 and 72,934 shares at June 30, 2019, at cost (1,864) (1,439)
Common stock related to acquiree's ESOP (4,240)
Total shareholders' equity 87,428 77,262
Total liabilities and shareholders' equity $ 158,444 $ 154,485