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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (6,270) $ 4,654
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,041 7,617
Net losses (gains) from sales of assets 618 (12,605)
Net losses on derivative instruments 807 4,514
Other adjustments 958 908
Change in operating assets and liabilities:    
Accounts receivable (1,046) (2,359)
Inventories (4,321) (4,792)
Derivative assets/liabilities, net (7,553) (1,403)
Other assets 1,181 (1,480)
Accounts payable 12,880 1,399
Accrued expenses and other liabilities 4,690 (340)
Net cash provided (used) by operating activities 8,985 (3,887)
Cash flows from investing activities:    
Purchases of property, plant and equipment (4,366) (5,276)
Proceeds from sales of property, plant and equipment 226 16,618
Net cash (used) provided in investing activities (4,140) 11,342
Cash flows from financing activities:    
Proceeds from revolving credit facility 3,000 23,000
Repayments on revolving credit facility (55,200) (30,000)
Payments of finance lease obligations (9) (13)
Payment of financing costs (1,624) 0
Net cash used by financing activities (53,833) (7,013)
Net (decrease) increase in cash and cash equivalents (48,988) 442
Cash and cash equivalents at beginning of period 60,013 6,983
Cash and cash equivalents at end of period 11,025 7,425
Supplemental disclosure of non-cash investing and financing activities:    
Non-cash additions to property, plant and equipment 171 250
Non-cash issuance of 401-K common stock 77 53
Cumulative preferred dividends, undeclared and unpaid $ 142 $ 137