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Business Segment Information (Tables)
6 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Selected Financial Information for Americas, Brazil and Asia Segments

Selected financial information is presented below:

 

 

For the Three Months Ended December 31, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

80,549

 

 

$

26,061

 

 

$

30,307

 

 

$

136,917

 

Cost of sales

 

 

87,287

 

 

 

22,922

 

 

 

25,072

 

 

 

135,281

 

Gross (loss) profit

 

 

(6,738

)

 

 

3,139

 

 

 

5,235

 

 

 

1,636

 

Segment depreciation expense

 

 

5,508

 

 

 

766

 

 

 

 

 

 

6,274

 

Segment (Loss) Profit

 

$

(1,230

)

 

$

3,905

 

 

$

5,235

 

 

$

7,910

 

 

 

 

For the Three Months Ended January 1, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

85,242

 

 

$

25,687

 

 

$

25,283

 

 

$

136,212

 

Cost of sales

 

 

98,326

 

 

 

24,357

 

 

 

21,529

 

 

 

144,212

 

Gross (loss) profit

 

 

(13,084

)

 

 

1,330

 

 

 

3,754

 

 

 

(8,000

)

Segment depreciation expense

 

 

5,542

 

 

 

391

 

 

 

 

 

 

5,933

 

Segment (Loss) Profit

 

$

(7,542

)

 

$

1,721

 

 

$

3,754

 

 

$

(2,067

)

 

 

 

For the Six Months Ended December 31, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

162,122

 

 

$

55,970

 

 

$

57,669

 

 

$

275,761

 

Cost of sales

 

 

176,240

 

 

 

50,664

 

 

 

47,796

 

 

 

274,700

 

Gross (loss) profit

 

 

(14,118

)

 

 

5,306

 

 

 

9,873

 

 

 

1,061

 

Segment depreciation expense

 

 

11,005

 

 

 

1,606

 

 

 

 

 

 

12,611

 

Segment (Loss) Profit

 

$

(3,113

)

 

$

6,912

 

 

$

9,873

 

 

$

13,672

 

 

 

 

For the Six Months Ended January 1, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

192,886

 

 

$

64,566

 

 

$

58,279

 

 

$

315,731

 

Cost of sales

 

 

210,839

 

 

 

56,449

 

 

 

49,880

 

 

 

317,168

 

Gross (loss) profit

 

 

(17,953

)

 

 

8,117

 

 

 

8,399

 

 

 

(1,437

)

Segment depreciation expense

 

 

11,022

 

 

 

861

 

 

 

 

 

 

11,883

 

Segment (Loss) Profit

 

$

(6,931

)

 

$

8,978

 

 

$

8,399

 

 

$

10,446

 

 

 

Reconciliations of Segment Gross Profit (Loss) to Consolidated Loss Before Income Taxes

The reconciliations of segment gross profit (loss) to consolidated loss before income taxes are as follows:

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

December 31, 2023

 

 

January 1, 2023

 

 

December 31, 2023

 

 

January 1, 2023

 

Americas

 

$

(6,738

)

 

$

(13,084

)

 

$

(14,118

)

 

$

(17,953

)

Brazil

 

 

3,139

 

 

 

1,330

 

 

 

5,306

 

 

 

8,117

 

Asia

 

 

5,235

 

 

 

3,754

 

 

 

9,873

 

 

 

8,399

 

Segment gross profit (loss)

 

 

1,636

 

 

 

(8,000

)

 

 

1,061

 

 

 

(1,437

)

Selling, general and administrative expenses

 

 

12,408

 

 

 

11,748

 

 

 

24,017

 

 

 

23,521

 

Provision (benefit) for bad debts

 

 

1,289

 

 

 

(156

)

 

 

1,080

 

 

 

18

 

Restructuring costs

 

 

5,101

 

 

 

 

 

 

5,101

 

 

 

 

Other operating expense (income), net

 

 

481

 

 

 

226

 

 

 

535

 

 

 

(463

)

Operating loss

 

 

(17,643

)

 

 

(19,818

)

 

 

(29,672

)

 

 

(24,513

)

Interest income

 

 

(697

)

 

 

(514

)

 

 

(1,278

)

 

 

(1,061

)

Interest expense

 

 

2,613

 

 

 

1,889

 

 

 

5,098

 

 

 

3,136

 

Equity in earnings of unconsolidated affiliates

 

 

(93

)

 

 

(86

)

 

 

(293

)

 

 

(381

)

Loss before income taxes

 

$

(19,466

)

 

$

(21,107

)

 

$

(33,199

)

 

$

(26,207

)