XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 25,136 $ 32,699 $ 84,307 $ 118,121
Cost of goods sold 23,214 31,323 78,861 105,160
Gross profit 1,922 1,376 5,446 12,961
Selling, general and administrative 3,874 3,864 11,455 11,422
(Loss) income from operations (1,952) (2,488) (6,009) 1,539
Other (expense) income:        
Interest income 79 12 100 25
Interest expense (74) (116) (237) (246)
Foreign exchange loss (23) (194) (540) (484)
Other, net 2 (2) 3 (18)
Total other expense (16) (300) (674) (723)
(Loss) income before income taxes (1,968) (2,788) (6,683) 816
(Benefit) provision for income taxes (390) (407) (1,340) 331
Net (loss) income (1,578) (2,381) (5,343) 485
Unrealized gain (loss) resulting from change in fair value of derivative instruments, net of tax 119 (357) (30) (1,621)
Comprehensive (loss) $ (1,459) $ (2,738) $ (5,373) $ (1,136)
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.27) $ (0.41) $ (0.91) $ 0.08
Diluted (in dollars per share) $ (0.27) $ (0.41) $ (0.91) $ 0.08
Weighted average common shares outstanding        
Basic (in shares) 5,867,528 5,816,058 5,855,930 5,867,400
Diluted (in shares) 5,867,528 5,816,058 5,855,930 5,885,116