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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 2,438,000 $ 6,241,000
Short-term investments 0 368,000
Accounts receivable, net of allowance for doubtful accounts of $495 and $721, respectively 58,498,000 46,446,000
Inventories 104,431,000 79,790,000
Income tax receivable 305,000 318,000
Prepaid expenses 7,842,000 7,540,000
Total current assets 173,514,000 140,703,000
Property, plant and equipment, net 186,589,000 176,066,000
Goodwill 36,224,000 10,996,000
Intangible assets, net 31,515,000 18,618,000
Other assets 8,381,000 6,837,000
Deferred income taxes 39,308,000 53,933,000
Total assets 475,531,000 407,153,000
Current liabilities:    
Accounts payable 56,603,000 39,784,000
Accrued payroll expenses 17,918,000 17,345,000
Short-term borrowings under revolving credit facility 89,787,000 27,621,000
Short-term obligations under capital leases 190,000 958,000
Short-term derivative liabilities 3,300,000 1,857,000
Other current liabilities 10,659,000 9,702,000
Total current liabilities 178,457,000 97,267,000
Accrued pension liabilities 40,380,000 51,281,000
Accrued postretirement benefits 20,473,000 19,788,000
Accrued workers’ compensation liabilities 5,354,000 7,548,000
Other long-term liabilities 1,812,000 1,717,000
Total liabilities 246,476,000 177,601,000
Commitments and contingencies 0 0
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500,000 shares authorized; Series A Convertible Participating Cumulative Perpetual Preferred Stock, 21,000 shares authorized; 14,700 and zero shares issued and outstanding as of June 30, 2018 and 2017, respectively; liquidation preference of $15,089 and $0 as of June 30, 2018 and 2017, respectively 15,000 0
Common stock, $1.00 par value, 25,000,000 shares authorized; 16,951,659 and 16,846,002 shares issued and outstanding at June 30, 2018 and 2017, respectively 16,952,000 16,846,000
Additional paid-in capital 55,965,000 41,495,000
Retained earnings 220,307,000 236,993,000
Unearned ESOP shares (2,145,000) (4,289,000)
Accumulated other comprehensive loss (62,039,000) (61,493,000)
Total stockholders’ equity 229,055,000 229,552,000
Total liabilities and stockholders’ equity $ 475,531,000 $ 407,153,000