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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 3,624 $ 10,263
Restricted Cash 175 175
Accounts receivable, net of allowance for doubtful accounts of $356 and $325, respectively 48,478 40,321
Inventories 87,221 76,791
Short-term derivative assets 10,021 4,351
Prepaid expenses 4,241 5,594
Assets held for sale 0 1,591
Total current assets 153,760 139,086
Property, plant and equipment, net 144,356 150,091
Intangible assets, net 17,050 18,252
Other assets 3,271 4,323
Right-of-use operating lease assets 28,221 26,254
Total assets 346,658 338,006
Current liabilities:    
Accounts payable 54,346 45,703
Accrued payroll expenses 13,797 15,345
Operating lease liabilities - current 6,999 6,262
Term loan - current 2,850 950
Short-term derivative liabilities 2,144 1,555
Other current liabilities 8,039 6,425
Total current liabilities 88,175 76,240
Long-term borrowings under revolving credit facility 43,500 43,500
Term loan - noncurrent 42,624 44,328
Accrued pension liabilities 38,563 39,229
Accrued postretirement benefits 967 960
Accrued workers’ compensation liabilities 3,381 3,649
Operating lease liabilities - noncurrent 21,605 20,049
Other long-term liabilities 2,533 5,092
Total liabilities 241,348 233,047
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, 2021 and June 30, 2021; liquidation preference of $17,047 and $16,752 as of December 31, 2021 and June 30, 2021, respectively 15 15
Common stock, $1.00 par value, 50,000,000 and 25,000,000 shares authorized as of December 31, 2021 and June 30, 2021, respectively; 18,210,526 and 17,852,793 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively 18,212 17,853
Additional paid-in capital 68,259 66,109
Retained earnings 58,172 66,311
Accumulated other comprehensive loss (39,348) (45,329)
Total stockholders’ equity 105,310 104,959
Total liabilities and stockholders’ equity $ 346,658 $ 338,006