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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 7,563 $ 9,819
Restricted cash 175 175
Accounts receivable, net of allowance for credit losses of $190 and $195, respectively 47,316 46,935
Inventories 95,759 99,618
Short-term derivative assets 2,859 3,022
Prepaid expenses 4,480 4,491
Assets held for sale 177 1,032
Total current assets 158,329 165,092
Property, plant and equipment, net 135,741 138,150
Intangible assets, net 15,271 15,863
Right-of-use operating lease assets 27,116 27,957
Other assets 2,821 3,009
Total assets 339,278 350,071
Current liabilities:    
Accounts payable 45,700 52,877
Accrued payroll expenses 14,003 14,761
Right-of-use operating lease liabilities - current 7,756 7,721
Term loan - current 3,133 3,800
Short term derivative liability 2,455 2,349
Other current liabilities 5,790 6,095
Total current liabilities 78,837 87,603
Long-term borrowings under revolving credit facility 67,000 63,000
Term loan - noncurrent 42,849 40,123
Accrued pension liabilities 28,549 28,540
Accrued postretirement benefits 797 787
Accrued workers’ compensation liabilities 3,169 3,169
Right-of-use operating lease liabilities - noncurrent 19,907 20,762
Other long-term liabilities 1,321 1,339
Total liabilities 242,429 245,323
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; no shares outstanding as of September 30, 2022 and 14,700 shares issued and outstanding as of June 30, 2022; liquidation preference of $17,346 as of June 30, 2022 0 15
Common stock, $1.00 par value, 50,000,000 shares authorized; 19,279,970 and 18,464,966 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively 19,281 18,466
Additional paid-in capital 72,193 71,997
Retained earnings 45,327 52,701
Accumulated other comprehensive loss (39,952) (38,431)
Total stockholders’ equity 96,849 104,748
Total liabilities and stockholders’ equity $ 339,278 $ 350,071