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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 25,202 $ 42,295 $ 59,171 $ 85,422
Cost of goods sold 24,815 36,081 55,647 73,837
Gross profit 387 6,214 3,524 11,585
Selling, general and administrative 3,900 3,729 7,581 7,558
(Loss) income from operations (3,513) 2,485 (4,057) 4,027
Other (expense) income:        
Interest income 13 9 22 13
Interest expense (70) (55) (163) (130)
Foreign exchange loss (240) (143) (517) (290)
Other, net (21) (10) (16)
Total other expense (318) (199) (658) (423)
(Loss) income before income taxes (3,831) 2,286 (4,715) 3,604
(Benefit) provision for income taxes (761) 473 (950) 738
Net (loss) income (3,070) 1,813 (3,765) 2,866
Unrealized loss resulting from change in fair value of derivative instruments, net of tax (590) (1,809) (149) (1,264)
Comprehensive (loss) income $ (3,660) $ 4 $ (3,914) $ 1,602
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.52) $ 0.31 $ (0.64) $ 0.49
Diluted (in dollars per share) $ (0.52) $ 0.31 $ (0.64) $ 0.49
Weighted average common shares outstanding        
Basic (in shares) 5,850,131 5,866,494 5,850,131 5,893,071
Diluted (in shares) 5,850,131 5,873,129 5,850,131 5,908,287