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Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 25,482 $ 35,455 $ 83,780 $ 108,030
Cost of goods sold 22,588 29,128 71,441 88,104
Gross profit 2,894 6,327 12,339 19,926
Other selling, general and administrative 3,835 4,492 12,637 13,160
Provision for uncollectible accounts receivable 3,282 3,282
Total selling, general and administrative 7,117 4,492 15,919 13,160
(Loss) income from operations (4,223) 1,835 (3,580) 6,766
Other (expense) income:        
Interest income 47 411 176 1,495
Interest expense (5) (11) (16) (23)
Foreign exchange (loss) gain (91) 232 (144) 191
Other, net 1 (10) (11) (1)
Total other (expense) income (48) 622 5 1,662
(Loss) income before income taxes (4,271) 2,457 (3,575) 8,428
(Benefit) provision for income taxes (256) 463 (132) 1,694
Net (loss) income (4,015) 1,994 (3,443) 6,734
Unrealized gain (loss) resulting from change in fair value of derivative instruments, net of tax 335 424 (181) 1,659
Comprehensive (loss) income $ (3,680) $ 2,418 $ (3,624) $ 8,393
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.61) $ 0.29 $ (0.51) $ 0.99
Diluted (in dollars per share) $ (0.61) $ 0.27 $ (0.51) $ 0.95
Weighted average common shares outstanding        
Basic (in shares) 6,564,765 6,800,375 6,733,781 6,791,105
Diluted (in shares) 6,564,765 7,394,600 6,733,781 7,119,589