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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 13,333 $ 2,438
Accounts receivable, net 79,450 58,498
Inventories 115,540 104,431
Income tax receivable 324 305
Prepaid expenses 7,335 7,842
Total current assets 215,982 173,514
Property, plant and equipment, net 193,626 186,589
Goodwill 36,224 36,224
Intangible assets, net 30,179 31,515
Other assets 8,703 8,381
Deferred income taxes 43,343 39,308
Total assets 528,057 475,531
Current liabilities:    
Accounts payable 78,124 56,603
Accrued payroll expenses 17,176 17,918
Short-term borrowings under revolving credit facility 0 89,787
Short-term obligations under capital leases 103 190
Short-term derivative liabilities 4,201 3,300
Other current liabilities 8,448 10,659
Total current liabilities 108,052 178,457
Long-term borrowings under revolving credit facility 130,000 0
Accrued pension liabilities 47,593 40,380
Accrued postretirement benefits 18,336 20,473
Accrued workers’ compensation liabilities 4,938 5,354
Other long-term liabilities 813 1,812
Total liabilities 309,732 246,476
Commitments and contingencies
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 shares issued and outstanding as of December 31, 2018 and June 30, 2018; liquidation preference of $15,355 and $15,089 as of December 31, 2018 and June 30, 2018, respectively 15 15
Common stock, $1.00 par value, 25,000,000 shares authorized; 17,002,529 and 16,951,659 shares issued and outstanding as of December 31, 2018 and June 30, 2018, respectively 17,002 16,952
Additional paid-in capital 56,135 55,965
Retained earnings 206,955 220,307
Unearned ESOP shares 0 (2,145)
Accumulated other comprehensive loss (61,782) (62,039)
Total stockholders’ equity 218,325 229,055
Total liabilities and stockholders’ equity $ 528,057 $ 475,531