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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 5,830 $ 5,244
Restricted cash 175 175
Accounts and notes receivable, net of allowance for credit losses of $710 and $416, respectively 35,147 45,129
Inventories 57,230 49,276
Short-term derivative assets 11 68
Prepaid expenses 4,236 5,334
Assets held for sale 352 7,770
Total current assets 102,981 112,996
Property, plant and equipment, net 34,002 33,782
Intangible assets, net 11,233 13,493
Operating lease assets 35,241 24,593
Other assets 1,756 2,917
Total assets 185,213 187,781
Current liabilities:    
Accounts payable 48,478 60,088
Accrued payroll expenses 10,782 10,082
Right-of-use operating lease liabilities - current 14,046 8,040
Short-term derivative liability 730 2,636
Other current liabilities 2,997 4,519
Total current liabilities 77,033 85,365
Long-term borrowings under revolving credit facility 23,300 23,021
Accrued pension liabilities 12,287 19,761
Accrued postretirement benefits 789 763
Accrued workers’ compensation liabilities 2,378 3,065
Operating lease liabilities - noncurrent 21,766 17,157
Other long-term liabilities 2,111 537
Total liabilities 139,664 149,669
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,264,327 and 20,142,973 shares issued and outstanding at June 30, 2024 and 2023, respectively 21,265 20,144
Additional paid-in capital 79,963 77,278
Accumulated deficit (30,354) (26,479)
Accumulated other comprehensive loss (25,325) (32,831)
Total stockholders’ equity 45,549 38,112
Total liabilities and stockholders’ equity $ 185,213 $ 187,781