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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 8,474,000 $ 60,013,000
Accounts receivable, net 37,100,000 40,882,000
Inventories 75,151,000 67,408,000
Income tax receivable 0 831,000
Short-term derivative assets 1,062,000 165,000
Prepaid expenses 8,711,000 7,414,000
Assets held for sale 2,521,000 0
Total current assets 133,019,000 176,713,000
Property, plant and equipment, net 154,467,000 165,633,000
Goodwill 0  
Intangible assets, net 18,854,000 20,662,000
Right-of-use operating lease assets 8,121,000 8,564,000
Long-term derivatives assets 0 10,000
Other assets 25,800,000 21,117,000
Total assets 340,261,000 392,699,000
Current liabilities:    
Accounts payable 44,610,000 36,987,000
Accrued payroll expenses 15,380,000 9,394,000
Operating leases liabilities - current 6,036,000 5,854,000
Short-term derivative liabilities 1,990,000 5,255,000
Other current liabilities 6,384,000 6,802,000
Total current liabilities 74,400,000 64,292,000
Long-term borrowings under revolving credit facility 88,000,000 122,000,000
Accrued pension liabilities 56,682,000 58,772,000
Accrued postretirement benefits 10,381,000 9,993,000
Accrued workers’ compensation liabilities 3,687,000 4,569,000
Operating lease liabilities - noncurrent 19,770,000 15,628,000
Other long-term liabilities 5,352,000 5,532,000
Total liabilities 258,272,000 280,786,000
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 March 31, 2021 and June 30, 2020; liquidation preference of $16,607 and $16,178 as of March 31, 2021 and June 30, 2020, respectively 15,000 15,000
Common stock, $1.00 par value, 25,000,000 shares authorized; 17,771,241 and 17,347,774 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively 17,771,000 17,348,000
Additional paid-in capital 65,170,000 62,043,000
Retained earnings 70,428,000 108,536,000
Accumulated other comprehensive loss (71,395,000) (76,029,000)
Total stockholders’ equity 81,989,000 111,913,000
Total liabilities and stockholders’ equity $ 340,261,000 $ 392,699,000