CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 6,983	$ 2,438
Accounts receivable, net of allowance for doubtful accounts of $1,324 and $495, respectively	55,155	58,498
Inventories	87,910	104,431
Income tax receivable	1,191	305
Short-term derivative assets	1,865	0
Prepaid expenses	6,804	7,842
Total current assets	159,908	173,514
Property, plant and equipment, net	189,458	186,589
Goodwill	36,224	36,224
Intangible assets, net	28,878	31,515
Other assets	9,468	8,381
Long-term derivative assets	674	0
Deferred income taxes	0	39,308
Total assets	424,610	475,531
Current liabilities:
Accounts payable	72,771	56,603
Accrued payroll expenses	14,518	17,918
Short-term borrowings under revolving credit facility	0	89,787
Short-term obligations under capital leases	34	190
Short-term derivative liabilities	1,474	3,300
Other current liabilities	7,309	10,659
Total current liabilities	96,106	178,457
Long-term borrowings under revolving credit facility	92,000	0
Accrued pension liabilities	47,216	40,380
Accrued postretirement benefits	23,024	20,473
Accrued workers’ compensation liabilities	4,747	5,354
Other long-term liabilities	4,023	1,812
Total liabilities	267,116	246,476
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $1.00 par value, 500,000 shares authorized; Series A Convertible Participating Cumulative Perpetual Preferred Stock, 21,000 shares authorized; 14,700 shares issued and outstanding as of June 30, 2019 and 2018, respectively; liquidation preference of $15,624 and $15,089 as of June 30, 2019 and 2018, respectively	15	15
Common stock, $1.00 par value, 25,000,000 shares authorized; 17,042,132 and 16,951,659 shares issued and outstanding at June 30, 2019 and 2018, respectively	17,042	16,952
Additional paid-in capital	57,912	55,965
Retained earnings	146,177	220,307
Unearned ESOP shares	0	(2,145)
Accumulated other comprehensive loss	(63,652)	(62,039)
Total stockholders’ equity	157,494	229,055
Total liabilities and stockholders’ equity	$ 424,610	$ 475,531