Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Jun. 30, 2013
Current assets:    
Cash $ 13,193 $ 21,565
Receivables, net 102,824 109,947
Inventories 150,944 123,824
Restricted inventories 24,610 38,554
Restricted and Nonrestricted Inventory, Net 175,554 162,378
Deferred tax assets 0 5,993
Income Taxes Receivable, Current 3,139 0
Prepaid expenses and other assets 613 487
Total current assets 295,323 300,370
Property and equipment, net 1,678 1,213
Goodwill 4,884 4,884
Intangibles, net 2,753 3,141
Investments 500 0
Total assets 305,138 309,608
Current liabilities:    
Lines of credit 135,200 95,000
Liability on borrowed metals 8,709 20,117
Product financing arrangement 24,610 38,554
Accounts payable 77,426 86,010
Accrued liabilities 6,070 6,601
Payable to Former Parent 0 1,015
Income taxes payable to Former Parent 0 8,505
Income taxes payable 2,178 0
Deferred tax liability - current 1,456 0
Total current liabilities 255,649 255,802
Deferred tax liabilities 33 552
Total liabilities 255,682 256,354
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of June 30, 2014 and June 30, 2013 0 0
Common Stock, par value $0.01; 40,000,000 authorized; 6,962,742 and 7,402,664 issued and outstanding as of June 30, 2014 and June 30, 2013, respectively 70 74
Additional paid-in capital 22,317 24,370
Retaining earnings 27,069 28,810
Total stockholders’ equity 49,456 53,254
Total liabilities and stockholders’ equity $ 305,138 $ 309,608