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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 5,524 $ 5,244
Restricted cash 175 175
Accounts receivable, net of allowance for credit losses of $710 and $416, respectively 32,785 45,129
Inventories 54,394 49,276
Short-term derivative assets 13 68
Prepaid expenses 4,482 5,334
Assets held for sale 3,284 7,770
Total current assets 100,657 112,996
Property, plant and equipment, net 33,973 33,782
Intangible assets, net 11,783 13,493
Right-of-use operating lease assets 30,884 24,593
Other assets 1,804 2,917
Total assets 179,101 187,781
Current liabilities:    
Accounts payable 42,867 60,088
Accrued payroll expenses 10,895 10,082
Right-of-use operating lease liabilities - current 13,591 8,040
Short-term derivative liability 306 2,636
Other current liabilities 3,064 4,519
Total current liabilities 70,723 85,365
Long-term borrowings under revolving credit facility 23,300 23,021
Accrued pension liabilities 19,123 19,761
Accrued postretirement benefits 795 763
Accrued workers’ compensation liabilities 2,504 3,065
Right-of-use operating lease liabilities - noncurrent 17,850 17,157
Other long-term liabilities 1,661 537
Total liabilities 135,956 149,669
Commitments and contingencies
Stockholders’ equity:    
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,264,327 and 20,142,973 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively 21,266 20,144
Additional paid-in capital 79,525 77,278
Accumulated deficit (25,764) (26,479)
Accumulated other comprehensive loss (31,882) (32,831)
Total stockholders’ equity 43,145 38,112
Total liabilities and stockholders’ equity $ 179,101 $ 187,781