Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Current assets    
Cash $ 9,789 $ 5,038
Accounts receivable, net of allowance for doubtful accounts 23,042 30,557
Inventories, net 24,063 26,445
Vendor deposits 1,276 403
Contract assets 3,443 2,487
Other current assets 3,041 2,938
Total current assets 64,654 67,868
Equipment and improvements, net 7,992 5,865
Operating lease assets 5,311
Intangible assets, net 21,754 22,351
Goodwill 56,678 54,501
Other assets 4,329 3,900
Total assets 160,718 154,485
Current liabilities    
Accounts payable and accrued expenses 24,292 17,508
Accrued employee expenses 4,764 5,187
Customer deposits 8,511 7,163
Contract liabilities 558 854
Current portion of long-term debt 2,680
Current portion of operating lease liabilities 1,672
Total current liabilities 42,477 30,712
Deferred income taxes, net 1,728 1,708
Long-term operating lease liabilities 3,657
Long-term debt, net 25,030 40,563
Total liabilities 72,892 72,983
Commitments and contingencies (Note 16)
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; 12,029,910 shares issued at June 30, 2020 and 11,825,615 shares issued at June 30, 2019, including shares held in treasury 301 296
Additional paid-in capital 79,127 73,010
Retained earnings 10,410 9,635
Treasury stock, 95,396 shares, at cost, at June 30, 2020 and 72,934 shares, at cost, at June 30, 2019 (2,012) (1,439)
Common stock related to acquiree's ESOP (4,240)
Total shareholders' equity 87,826 77,262
Total liabilities and shareholders' equity $ 160,718 $ 154,485