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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 4,038 $ 5,244
Restricted cash 175 175
Accounts receivable, net of allowance for credit losses of $418 and $416, respectively 35,009 45,129
Inventories 54,291 49,276
Short-term derivative assets 5 68
Prepaid expenses 5,119 5,334
Assets held for sale 6,362 7,770
Total current assets 104,999 112,996
Property, plant and equipment, net 33,778 33,782
Intangible assets, net 12,900 13,493
Right-of-use operating lease assets 23,758 24,593
Other assets 2,675 2,917
Total assets 178,110 187,781
Current liabilities:    
Accounts payable 52,608 60,088
Accrued payroll expenses 11,276 10,082
Right-of-use operating lease liabilities - current 8,040 8,040
Short-term derivative liability 890 2,636
Other current liabilities 3,846 4,519
Total current liabilities 76,660 85,365
Long-term borrowings under revolving credit facility 23,300 23,021
Accrued pension liabilities 19,585 19,761
Accrued postretirement benefits 774 763
Accrued workers’ compensation liabilities 3,155 3,065
Right-of-use operating lease liabilities - noncurrent 16,332 17,157
Other long-term liabilities 506 537
Total liabilities 140,312 149,669
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, 2023 and June 30, 2023 0 0
Common stock, $1.00 par value, 50,000,000 shares authorized; 20,576,483 and 20,142,973 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 20,578 20,144
Additional paid-in capital 78,465 77,278
Accumulated deficit (27,786) (26,479)
Accumulated other comprehensive loss (33,459) (32,831)
Total stockholders’ equity 37,798 38,112
Total liabilities and stockholders’ equity $ 178,110 $ 187,781
Common stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, outstanding (in shares) 0