Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Jun. 30, 2014
Current assets:    
Cash $ 4,657 $ 13,193
Receivables, net 143,482 102,824
Inventories 138,627 150,944
Restricted inventories 20,613 24,610
Restricted and Nonrestricted Inventory, Net 159,240 175,554
Income taxes receivable from Former Parent 3,139 3,139
Prepaid expenses and other assets 728 613
Total current assets 311,246 295,323
Property and equipment, net 1,599 1,678
Goodwill 4,884 4,884
Intangibles, net 2,657 2,753
Investments 1,611 500
Total assets 321,997 305,138
Current liabilities:    
Lines of credit 128,000 135,200
Liability on borrowed metals 11,998 8,709
Product financing arrangement 20,613 24,610
Accounts payable 104,922 77,426
Accrued liabilities 3,935 6,070
Income taxes payable 384 2,178
Deferred tax liability - current 1,456 1,456
Total current liabilities 271,308 255,649
Deferred tax liabilities 33 33
Total liabilities 271,341 255,682
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of September 30, 2014 and June 30, 2014 0 0
Common Stock, par value $0.01; 40,000,000 authorized; 6,962,742 and 6,962,742 issued and outstanding as of September 30, 2014 and June 30, 2014, respectively 70 70
Additional paid-in capital 22,379 22,317
Retaining earnings 28,207 27,069
Total stockholders’ equity 50,656 49,456
Total liabilities and stockholders’ equity $ 321,997 $ 305,138