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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 9,819,000 $ 10,263,000
Restricted cash 175,000 175,000
Accounts and notes receivable, net of allowance for credit losses of $195 and $325, respectively 46,935,000 40,321,000
Inventories 99,618,000 76,791,000
Short-term derivative assets 3,022,000 4,351,000
Prepaid expenses 4,491,000 5,594,000
Assets held for sale 1,032,000 1,591,000
Total current assets 165,092,000 139,086,000
Property, plant and equipment, net 138,150,000 150,091,000
Intangible assets, net 15,863,000 18,252,000
Right-of-use operating lease assets 27,957,000 26,254,000
Other assets 3,009,000 4,323,000
Total assets 350,071,000 338,006,000
Current liabilities:    
Accounts payable 52,877,000 45,703,000
Accrued payroll expenses 14,761,000 15,345,000
Right-of-use operating lease liabilities - current 7,721,000 6,262,000
Term loan - current 3,800,000 950,000
Short-term derivative liability 2,349,000 1,555,000
Other current liabilities 6,095,000 6,425,000
Total current liabilities 87,603,000 76,240,000
Long-term borrowings under revolving credit facility 63,000,000 43,500,000
Loans Payable, Noncurrent 40,123,000 44,328,000
Accrued pension liabilities 28,540,000 39,229,000
Accrued postretirement benefits 787,000 960,000
Accrued workers’ compensation liabilities 3,169,000 3,649,000
Right-of-use operating lease liabilities 20,762,000 20,049,000
Other long-term liabilities 1,339,000 5,092,000
Total liabilities 245,323,000 233,047,000
Commitments and contingencies (Note 18)
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 June 30, 2022 and 2021, respectively; liquidation preference of $17,346 and $16,752 as of June 30, 2022 and 2021, respectively 15,000 15,000
Common stock, $1.00 par value, 50,000,000 and 25,000,000 shares authorized; 18,464,966 and 17,852,793 shares issued and outstanding at June 30, 2022 and 2021, respectively 18,466,000 17,853,000
Additional paid-in capital 71,997,000 66,109,000
Retained earnings 52,701,000 66,311,000
Accumulated other comprehensive loss (38,431,000) (45,329,000)
Total stockholders’ equity 104,748,000 104,959,000
Total liabilities and stockholders’ equity $ 350,071,000 $ 338,006,000