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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 3,282 $ 5,830
Restricted cash 1,856 175
Accounts receivable, net of allowance for credit losses of $710 for both periods 34,673 35,147
Inventories 57,615 57,230
Short-term derivative assets 21 11
Prepaid expenses 4,874 4,236
Assets held for sale 352 352
Total current assets 102,673 102,981
Property, plant and equipment, net 33,343 34,002
Intangible assets, net 10,683 11,233
Right-of-use operating lease assets 33,697 35,241
Other assets 1,587 1,756
Total assets 181,983 185,213
Current liabilities:    
Accounts payable 49,660 48,478
Accrued payroll expenses 10,454 10,782
Right-of-use operating lease liabilities - current 12,589 14,046
Short-term derivative liability 1,321 730
Other current liabilities 3,902 2,997
Total current liabilities 77,926 77,033
Long-term borrowings under revolving credit facility 23,300 23,300
Accrued pension liabilities 11,971 12,287
Accrued postretirement benefits 800 789
Accrued workers’ compensation liabilities 2,378 2,378
Right-of-use operating lease liabilities - noncurrent 21,625 21,766
Other long-term liabilities 3,057 2,111
Total liabilities 141,057 139,664
Commitments and contingencies
Stockholders’ equity:    
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,268,223 and 21,264,327 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively 21,268 21,265
Additional paid-in capital 80,455 79,963
Accumulated deficit (35,356) (30,354)
Accumulated other comprehensive loss (25,441) (25,325)
Total stockholders’ equity 40,926 45,549
Total liabilities and stockholders’ equity 181,983 185,213
Allowance for credit losses $ 710 $ 710