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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 5,244,000 $ 9,819,000
Restricted cash 175,000 175,000
Accounts and notes receivable, net of allowance for credit losses of $416 and $195, respectively 45,129,000 46,935,000
Inventories 49,276,000 57,568,000
Short-term derivative assets 68,000 3,022,000
Prepaid expenses 5,334,000 4,491,000
Current assets, discontinued operations 0 42,050,000
Assets held for sale, continuing operations 7,770,000 1,032,000
Total current assets 112,996,000 165,092,000
Property, plant and equipment, net 33,782,000 42,207,000
Intangible assets, net 13,493,000 15,863,000
Right-of-use operating lease assets 24,593,000 27,957,000
Other assets 2,917,000 3,009,000
Noncurrent assets, discontinued operations 0 95,943,000
Total assets 187,781,000 350,071,000
Current liabilities:    
Accounts payable 60,088,000 52,877,000
Accrued payroll expenses 10,082,000 14,761,000
Right-of-use operating lease liabilities - current 8,040,000 7,721,000
Term loan - current 0 3,800,000
Short-term derivative liability 2,636,000 2,349,000
Other current liabilities 4,519,000 6,095,000
Total current liabilities 85,365,000 87,603,000
Long-term borrowings under revolving credit facility 23,021,000 63,000,000
Loans Payable, Noncurrent 0 40,123,000
Accrued pension liabilities 19,761,000 28,540,000
Accrued postretirement benefits 763,000 787,000
Accrued workers’ compensation liabilities 3,065,000 3,169,000
Right-of-use operating lease liabilities 17,157,000 20,762,000
Other long-term liabilities 537,000 1,339,000
Total liabilities 149,669,000 245,323,000
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500,000 shares authorized; Series A Convertible Participating Cumulative Perpetual Preferred Stock, 21,000 shares authorized; no shares issued and outstanding as of June 30, 2023 and 14,700 shares issued and outstanding as of June 30, 2022; liquidation preference of $17,346 as of June 30, 2022 0 15,000
Common stock, $1.00 par value, 50,000,000 shares authorized; 20,142,973 and 18,464,966 shares issued and outstanding at June 30, 2023 and 2022, respectively 20,144,000 18,466,000
Additional paid-in capital 77,278,000 71,997,000
Retained earnings (accumulated deficit) (26,479,000) 52,701,000
Accumulated other comprehensive loss (32,831,000) (38,431,000)
Total stockholders’ equity 38,112,000 104,748,000
Total liabilities and stockholders’ equity $ 187,781,000 $ 350,071,000