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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (11,884,000) $ (37,680,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,119,000 21,231,000
Impairment of fixed assets 0 1,243,000
Postretirement Medical benefits gains 0 (14,577,000)
Deferred income taxes 0 13,472,000
Net gains from sales of assets (4,003,000) (62,000)
Net gains on derivatives instruments (12,798,000) (2,875,000)
Other adjustments 4,963,000 3,124,000
Change in operating assets and liabilities:    
Accounts receivable (7,559,000) 4,210,000
Inventories (25,610,000) (7,744,000)
Derivative assets, net 13,223,000 3,309,000
Other assets 1,989,000 3,184,000
Accounts payable 16,921,000 6,496,000
Accrued expenses and other (2,988,000) 3,181,000
Net cash used in operating activities (9,627,000) (3,488,000)
Cash flows from investing activities:    
Purchases of property, plant and equipment (8,896,000) (12,796,000)
Proceeds from sales of property, plant and equipment 9,062,000 2,009,000
Net cash provided by (used in) investing activities 166,000 (10,787,000)
Cash flows from financing activities:    
Proceeds from Credit Facilities 15,000,000 27,150,000
Repayments on Credit Facilities (4,950,000) (61,150,000)
Payments of finance lease obligations (144,000) (57,000)
Payment of financing costs (330,000) (3,207,000)
Net cash provided by (used in) financing activities 9,576,000 (37,264,000)
Net increase (decrease) in cash and cash equivalents and restricted cash 115,000 (51,539,000)
Cash and cash equivalents and restricted cash at beginning of period 10,438,000 60,013,000
Cash and cash equivalents and restricted cash at end of period 10,553,000 8,474,000
Supplemental disclosure of non-cash investing and financing activities:    
Non cash additions to property, plant and equipment 435,000 297,000
Non-cash issuance of 401-K common stock $ 224,000 347,000
Cumulative preferred dividends, undeclared and unpaid   $ 428,000