XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (20,982,000) $ (7,844,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,316,000 12,328,000
Gain on settlement related to Boyd's acquisition (1,917,000) 0
Net gains from sales of assets (7,127,000) (4,429,000)
Net loss (gains) on derivatives instruments 2,074,000 (7,952,000)
401(k), ESOP and share-based compensation expense 4,665,000 2,507,000
Provision for credit losses 211,000 301,000
Change in operating assets and liabilities:    
Accounts receivable (3,589,000) (8,458,000)
Inventories 16,081,000 (11,634,000)
Derivative (liabilities) assets, net (1,668,000) 8,201,000
Other assets (219,000) 2,273,000
Accounts payable 9,877,000 8,237,000
Accrued expenses and other (5,159,000) (2,125,000)
Net cash provided by (used in) operating activities 3,563,000 (8,595,000)
Cash flows from investing activities:    
Purchases of property, plant and equipment (7,714,000) (5,887,000)
Proceeds from sales of property, plant and equipment 9,933,000 8,175,000
Net cash provided by investing activities 2,219,000 2,288,000
Cash flows from financing activities:    
Proceeds from Credit Facilities 54,000,000 4,000,000
Repayments on Credit Facilities (49,383,000) (4,000,000)
Payments of finance lease obligations (96,000) (23,000)
Payment of financing costs (357,000) (309,000)
Net cash provided by (used in) financing activities 4,164,000 (332,000)
Net increase (decrease) in cash and cash equivalents and restricted cash 9,946,000 (6,639,000)
Cash and cash equivalents and restricted cash at beginning of period 9,994,000 10,438,000
Cash and cash equivalents and restricted cash at end of period 19,940,000 3,799,000
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for new operating lease liabilities 2,965,000 4,892,000
Non cash additions to property, plant and equipment 522,000 134,000
Non cash additions to property, plant and equipment 138,000 406,000
Cumulative preferred dividends, undeclared and unpaid $ 0 $ 295,000