XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (32,404,000) $ (11,884,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization 16,725,000 18,119,000
Gain on settlement related to Boyd's acquisition (1,917,000) 0
Net gains from sale of assets (7,685,000) (4,003,000)
Net losses (gains) on derivative instruments 1,189,000 (12,798,000)
401(k), ESOP and share-based compensation expense 6,237,000 4,526,000
Provision for credit losses 535,000 437,000
Change in operating assets and liabilities:    
Accounts receivable (7,698,000) (7,559,000)
Inventories 17,363,000 (25,610,000)
Derivative (liabilities) assets, net (3,751,000) 13,223,000
Other assets (510,000) 1,989,000
Accounts payable 12,101,000 16,921,000
Accrued expenses and other (6,468,000) (2,988,000)
Net cash used in operating activities (6,283,000) (9,627,000)
Cash flows from investing activities:    
Purchases of property, plant and equipment (11,113,000) (8,896,000)
Proceeds from sales of property, plant and equipment 11,507,000 9,062,000
Net cash provided by investing activities 394,000 166,000
Cash flows from financing activities:    
Proceeds from Credit Facilities 54,000,000 15,000,000
Repayments on Credit Facilities (50,167,000) (4,950,000)
Payments of finance lease obligations (144,000) (144,000)
Payment of financing costs (363,000) (330,000)
Net cash provided by financing activities 3,326,000 9,576,000
Net (decrease) increase in cash and cash equivalents and restricted cash (2,563,000) 115,000
Cash and cash equivalents and restricted cash at beginning of period 9,994,000 10,438,000
Cash and cash equivalents and restricted cash at end of period 7,431,000 10,553,000
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for new operating lease liabilities 3,487,000 6,168,000
Non cash additions to property, plant and equipment 793,000 224,000
Non cash additions to property, plant and equipment 167,000 435,000
Cumulative preferred dividends, undeclared and unpaid $ 0 $ 444,000