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Business Segment Information (Tables)
9 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Selected Financial Information for Americas, Brazil and Asia Segments

Selected financial information is presented below:

 

 

For the Three Months Ended March 31, 2024

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

91,130

 

 

$

29,573

 

 

$

28,293

 

 

$

148,996

 

Cost of sales

 

 

94,644

 

 

 

25,736

 

 

 

23,852

 

 

 

144,232

 

Gross (loss) profit

 

 

(3,514

)

 

 

3,837

 

 

 

4,441

 

 

 

4,764

 

Segment depreciation expense

 

 

5,473

 

 

 

841

 

 

 

 

 

 

6,314

 

Segment Profit

 

$

1,959

 

 

$

4,678

 

 

$

4,441

 

 

$

11,078

 

 

 

 

For the Three Months Ended April 2, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

101,946

 

 

$

27,380

 

 

$

27,412

 

 

$

156,738

 

Cost of sales

 

 

98,788

 

 

 

24,998

 

 

 

23,299

 

 

 

147,085

 

Gross profit

 

 

3,158

 

 

 

2,382

 

 

 

4,113

 

 

 

9,653

 

Segment depreciation expense

 

 

5,574

 

 

 

549

 

 

 

 

 

 

6,123

 

Segment Profit

 

$

8,732

 

 

$

2,931

 

 

$

4,113

 

 

$

15,776

 

 

 

 

For the Nine Months Ended March 31, 2024

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

253,252

 

 

$

85,543

 

 

$

85,962

 

 

$

424,757

 

Cost of sales

 

 

270,884

 

 

 

76,400

 

 

 

71,648

 

 

 

418,932

 

Gross (loss) profit

 

 

(17,632

)

 

 

9,143

 

 

 

14,314

 

 

 

5,825

 

Segment depreciation expense

 

 

16,478

 

 

 

2,447

 

 

 

 

 

 

18,925

 

Segment (Loss) Profit

 

$

(1,154

)

 

$

11,590

 

 

$

14,314

 

 

$

24,750

 

 

 

 

For the Nine Months Ended April 2, 2023

 

 

 

Americas

 

 

Brazil

 

 

Asia

 

 

Total

 

Net sales

 

$

294,832

 

 

$

91,946

 

 

$

85,691

 

 

$

472,469

 

Cost of sales

 

 

309,627

 

 

 

81,447

 

 

 

73,179

 

 

 

464,253

 

Gross (loss) profit

 

 

(14,795

)

 

 

10,499

 

 

 

12,512

 

 

 

8,216

 

Segment depreciation expense

 

 

16,596

 

 

 

1,410

 

 

 

 

 

 

18,006

 

Segment Profit

 

$

1,801

 

 

$

11,909

 

 

$

12,512

 

 

$

26,222

 

 

 

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

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

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

March 31, 2024

 

 

April 2, 2023

 

 

March 31, 2024

 

 

April 2, 2023

 

Americas

 

$

(3,514

)

 

$

3,158

 

 

$

(17,632

)

 

$

(14,795

)

Brazil

 

 

3,837

 

 

 

2,382

 

 

 

9,143

 

 

 

10,499

 

Asia

 

 

4,441

 

 

 

4,113

 

 

 

14,314

 

 

 

12,512

 

Segment gross profit

 

 

4,764

 

 

 

9,653

 

 

 

5,825

 

 

 

8,216

 

Selling, general and administrative expenses

 

 

11,372

 

 

 

12,063

 

 

 

35,389

 

 

 

35,584

 

Provision (benefit) for bad debts

 

 

179

 

 

 

(56

)

 

 

1,259

 

 

 

(38

)

Restructuring costs

 

 

 

 

 

 

 

 

5,101

 

 

 

 

Other operating expense (income), net

 

 

139

 

 

 

324

 

 

 

674

 

 

 

(139

)

Operating loss

 

 

(6,926

)

 

 

(2,678

)

 

 

(36,598

)

 

 

(27,191

)

Interest income

 

 

(432

)

 

 

(554

)

 

 

(1,710

)

 

 

(1,615

)

Interest expense

 

 

2,407

 

 

 

2,073

 

 

 

7,505

 

 

 

5,209

 

Equity in loss (earnings) of unconsolidated affiliates

 

 

604

 

 

 

(158

)

 

 

311

 

 

 

(539

)

Loss before income taxes

 

$

(9,505

)

 

$

(4,039

)

 

$

(42,704

)

 

$

(30,246

)