INVENTORIES

12 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES

5. INVENTORIES

Inventories consisted of the following:

	June 30,			June 30,
	2024			2023
Raw materials and supplies	$	29,750		$	40,201
Work in process		7,340			9,465
Finished goods		9,597			10,335
Obsolescence reserve		(2,420	)		(1,703	)
Total inventories	$	44,267		$	58,298

During the fourth quarter of fiscal 2024, the Company identified an indication of impairment related to its Aviara segment. In analyzing future cash flows used in the impairment analysis, the Company identified excess inventory not expected to be used in future production. As a result, the Company recognized a $2.4 million write-off to reduce inventory amounts to their net realizable value. See Note 6 for further information related to the impairment analysis.