Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash $ 20,927 $ 13,193
Receivables, net 90,055 102,824
Inventories 152,076 150,944
Restricted inventories 39,425 24,610
Restricted and Nonrestricted Inventory, Net 191,501 175,554
Income taxes receivable 7,846 0
Income taxes receivable from Former Parent 1,095 3,139
Prepaid expenses and other assets 1,202 613
Total current assets 312,626 295,323
Property and equipment, net 2,850 1,678
Goodwill 4,884 4,884
Intangibles, net 2,369 2,753
Long-term receivables 650 0
Long-term investments 2,500 500
Deferred tax assets - non-current 23 0
Total assets 325,902 305,138
Current liabilities:    
Lines of credit 147,000 135,200
Liability on borrowed metals 9,500 8,709
Product financing arrangement 39,425 24,610
Accounts payable 68,536 77,426
Accrued liabilities 5,330 6,070
Income taxes payable 0 2,178
Deferred tax liability - current 149 1,456
Total current liabilities 269,940 255,649
Deferred tax liabilities 0 33
Total liabilities $ 269,940 $ 255,682
Commitments and contingencies    
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of June 30, 2015 and June 30, 2014 $ 0 $ 0
Common Stock, par value $0.01; 40,000,000 authorized; 6,973,549 and 6,962,742 issued and outstanding as of June 30, 2015 and June 30, 2014, respectively 70 70
Additional paid-in capital 22,470 22,317
Accumulated other comprehensive income 0 0
Retaining earnings 33,422 27,069
Total stockholders’ equity 55,962 49,456
Total liabilities and stockholders’ equity $ 325,902 $ 305,138