Discontinued Operations (Tables)

9 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Consolidated Operations and Cash Flows

The operating results of the divested operations have been reclassified as discontinued operations in the Consolidated Statements of Operations for the three and nine months ended March 31, 2023, as detailed in the table below:

(In thousands)	Three Months Ended March 31, 2023		Nine Months Ended March 31, 2023
Net sales	$	38,511	$	123,838
Cost of goods sold	38,595		124,977
Gross loss	(84)		(1,139)
Selling expenses	1,632		5,055
General and administrative expenses	1,115		3,619
Operating expense	2,747		8,674
Loss from discontinued operations	(2,831)		(9,813)
Other (expense) income:
Interest expense	(1,983)		(6,276)
Other, net	318		873
Total other expense	(1,665)		(5,403)
Loss from discontinued operations before taxes	(4,496)		(15,216)
Income tax benefit	—		—
Loss from discontinued operations, net of income taxes	$	(4,496)	$	(15,216)

Applicable Consolidated Statements of Cash Flow information related to the divested operations for the nine month period ended March 31, 2023 is detailed in the table below:

(In thousands)	March 31, 2023
Cash Flows from Discontinued Operations
Net cash used in operating activities	$	(20,339)
Net cash used in investing activities	(1,787)