Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Jun. 30, 2018
Current assets    
Cash and cash equivalents $ 6,730 $ 1,330
Accounts receivable, net of allowance for doubtful accounts of $350 and $233, respectively 26,572 16,026
Inventories, net 27,830 15,350
Vendor deposits 1,044 606
Contract assets 3,457 1,012
Other current assets 3,290 2,050
Total current assets 68,923 36,374
Equipment and improvements, net 5,070 2,983
Intangible assets, net 22,757 15,775
Goodwill 54,554 37,061
Other assets 3,923 3,281
Total assets 155,227 95,474
Current liabilities    
Accounts payable and accrued expenses 18,065 11,742
Accrued employee expenses 3,346 4,248
Customer deposits 10,498 11,624
Contract liabilities 514 259
Current portion of long-term debt 1,195
Total current liabilities 32,423 29,068
Deferred tax liabilities, net 1,074 558
Long-term debt, net 41,550 8,817
Total liabilities 75,047 38,443
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; 11,799,077 shares issued at March 31, 2019 and 11,239,656 shares issued at June 30, 2018, including shares held in treasury 294 281
Additional paid-in capital 72,537 49,950
Retained earnings 8,419 7,511
Treasury stock, 62,809 shares at March 31, 2019 and 52,686 at June 30, 2018, at cost (1,070) (711)
Common stock related to acquiree's ESOP (4,240)
Total shareholders' equity 75,940 57,031
Total liabilities and shareholders' equity $ 155,227 $ 95,474