Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Jun. 30, 2018
Current assets    
Cash and cash equivalents $ 10,173 $ 1,330
Accounts receivable, net of allowance for doubtful accounts of $308 and $233, respectively 30,556 16,026
Inventories, net 23,316 15,350
Vendor deposits 843 606
Contract assets 49 1,012
Other current assets 3,156 2,050
Total current assets 68,093 36,374
Equipment and improvements, net 4,394 2,983
Intangible assets, net 20,157 15,775
Goodwill 47,977 37,061
Other assets 3,919 3,281
Total assets 144,540 95,474
Current liabilities    
Accounts payable and accrued expenses 17,617 11,742
Accrued employee expenses 3,711 4,248
Customer deposits 9,305 11,624
Contract liabilities 2,816 259
Current portion of long-term debt 1,195
Total current liabilities 33,449 29,068
Deferred tax liabilities, net 933 558
Long-term debt, net 37,545 8,817
Total liabilities 71,927 38,443
Commitments and contingencies (Note 11)
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; 11,556,421 shares issued at December 31, 2018 and 11,239,656 shares issued at June 30, 2018, including shares held in treasury 290 281
Additional paid-in capital 65,440 49,950
Retained earnings 7,953 7,511
Treasury stock, 62,809 shares at December 31, 2018 and 52,686 June 30, 2018, at cost (1,070) (711)
Total shareholders' equity 72,613 57,031
Total liabilities and shareholders' equity $ 144,540 $ 95,474