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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 152,498 $ 159,773 $ 291,098 $ 307,213
Cost of goods sold 108,513 106,529 206,472 205,734
Gross profit 43,985 53,244 84,626 101,479
Selling expenses 34,906 39,591 68,520 76,901
General and administrative expenses 11,266 12,140 24,006 20,757
Restructuring and other transition expenses 0 207 0 4,674
Net (gains) losses from sales of assets (11,057) 804 (23,662) 723
Operating expenses 35,115 52,742 68,864 103,055
Income (loss) from operations 8,870 502 15,762 (1,576)
Other (expense) income:        
Interest expense (2,859) (3,332) (5,407) (6,184)
Pension settlement charge 0 (10,948) 0 (10,948)
Other, net 1,662 953 1,865 1,610
Total other expense (1,197) (13,327) (3,542) (15,522)
Income (loss) before taxes 7,673 (12,825) 12,220 (17,098)
Income tax benefit (81) (2,725) (188) (4,012)
Net income (loss) 7,754 (10,100) 12,408 (13,086)
Less: Cumulative preferred dividends, undeclared and unpaid 138 134 275 266
Net earnings (loss) available to common stockholders $ 7,616 $ (10,234) $ 12,133 $ (13,352)
Net income (loss) per common share - basic (in US$ per share) $ 0.44 $ (0.60) $ 0.71 $ (0.79)
Net income (loss) per common share - diluted (in US$ per share) $ 0.43 $ (0.60) $ 0.69 $ (0.79)
Weighted average common shares outstanding - basic (in shares) 17,159,108 16,985,157 17,127,153 16,971,995
Weighted average common shares outstanding—diluted (in shares) 17,583,335 16,985,157 17,550,144 16,971,995