Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Jun. 30, 2013
Current assets:    
Cash $ 15,015 $ 21,565
Receivables, net 102,473 109,947
Inventories 134,523 123,824
Restricted Inventory 25,506 38,554
Restricted and Nonrestricted Inventory, Net 160,029 162,378
Deferred tax assets 5,993 5,993
Prepaid expenses and other assets 868 487
Total current assets 284,378 300,370
Property and equipment, net 1,226 1,213
Goodwill 4,884 4,884
Intangibles, net 2,949 3,141
Total assets 293,437 309,608
Current liabilities:    
Lines of credit 106,000 95,000
Liability on borrowed metals 11,226 20,117
Product financing arrangement 25,506 38,554
Accounts Payable, Current 84,610 86,010
Accrued liabilities 4,985 6,601
Total current liabilities 239,942 255,802
Deferred tax liabilities 552 552
Total liabilities 240,494 256,354
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none at at December 31, 2013 and June 30, 2013 0 0
Common Stock, par value $0.01; 40,000,000 authorized 7,402,664 issued and outstanding at December 31, 2013 and June 30, 2013 74 74
Additional paid-in capital 24,445 24,370
Retaining earnings 28,424 28,810
Total stockholders’ equity 52,943 53,254
Total liabilities and stockholders’ equity 293,437 309,608
Parent
    
Current liabilities:    
Accounts Payable, Current 0 1,015
Accrued Income Taxes, Current $ 7,615 $ 8,505