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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Accounting Policies [Abstract]    
Impact of Revisions To Prior issued Financial Statements
The accompanying consolidated statements of operations and consolidated statement of cash flows have been corrected for the errors described above. The impact of the adjustments is shown below:
 
 
Three Months Ended March 31, 2013
(In thousands)
 
As Previously Reported
 
Adjustments
 
As Corrected
Net sales
 
$
126,343

 
$

 
$
126,343

Cost of goods sold
 
77,668

 
1,093

 
78,761

Gross profit
 
48,675

 
(1,093
)
 
47,582

Selling expenses
 
39,135

 

 
39,135

General and administrative expenses
 
10,034

 
(1,093
)
 
8,941

Net gains from sales of assets
 

 
(1,185
)
 
(1,185
)
Operating expenses
 
49,169

 
(2,278
)
 
46,891

(Loss) income from operations
 
(494
)
 
1,185

 
691

Other income (expense):
 
 
 
 
 
 
Dividend income
 
286

 

 
286

Interest income
 
92

 

 
92

Interest expense
 
(466
)
 

 
(466
)
Other, net
 
(764
)
 
(1,185
)
 
(1,949
)
Total other (expense) income
 
(852
)
 
(1,185
)
 
(2,037
)
Loss before taxes
 
(1,346
)
 

 
(1,346
)
Income tax benefit
 
(40
)
 

 
(40
)
Net loss
 
$
(1,306
)
 
$

 
$
(1,306
)

 
 
Nine Months Ended March 31, 2013
(In thousands)
 
As Previously Reported
 
Adjustments
 
As Corrected
Net sales
 
$
381,201

 
$

 
$
381,201

Cost of goods sold
 
237,552

 
3,315

 
240,867

Gross profit
 
143,649

 
(3,315
)
 
140,334

Selling expenses
 
117,171

 

 
117,171

General and administrative expenses
 
27,844

 
(3,315
)
 
24,529

Net gains from sales of assets
 

 
(4,388
)
 
(4,388
)
Operating expenses
 
145,015

 
(7,703
)
 
137,312

(Loss) income from operations
 
(1,366
)
 
4,388

 
3,022

Other (expense) income:
 
 
 
 
 
 
Dividend income
 
829

 

 
829

Interest income
 
283

 

 
283

Interest expense
 
(1,386
)
 

 
(1,386
)
Other, net
 
(3,475
)
 
(4,388
)
 
(7,863
)
Total other (expense) income
 
(3,749
)
 
(4,388
)
 
(8,137
)
Loss before taxes
 
(5,115
)
 

 
(5,115
)
Income tax expense
 
369

 

 
369

Net loss
 
$
(5,484
)
 
$

 
$
(5,484
)
 
 
Nine Months Ended March 31, 2013
(In thousands)
 
As Previously Reported
Adjustments
As Corrected
Cash flows from operating activities:
 
 
 
 
Net loss
 
$
(5,484
)
$

$
(5,484
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
Depreciation and amortization
 
24,778


24,778

Recovery of doubtful accounts
 
(890
)

(890
)
Deferred income taxes
 
111


111

Net gains on sales of assets
 
(4,388
)

(4,388
)
ESOP and share-based compensation expense
 
2,639


2,639

Net losses on derivatives and investments
 
9,315


9,315

Change in operating assets and liabilities:
 
 
 
 
         Restricted cash
 
(2,140
)

(2,140
)
         Purchases of trading securities held for investment
 

(6,408
)
(6,408
)
         Proceeds from sales of trading securities held for investment
 

5,452

5,452

         Short-term investments
 
(10,347
)
10,347


         Accounts and notes receivable
 
(1,167
)

(1,167
)
         Inventories
 
(1,291
)

(1,291
)
         Income tax receivable
 
645


645

         Prepaid expenses and other assets
 
522


522

         Accounts payable
 
3,737


3,737

Accrued payroll expenses and other current
liabilities
 
2,734

(9,391
)
(6,657
)
         Accrued postretirement benefits
 
462


462

         Other long-term liabilities
 
(1,416
)

(1,416
)
Net cash provided by operating activities
 
$
17,820

$

$
17,820