Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The operating results of the divested operations, have been reclassified as discontinued operations in the Consolidated Statements of Operations for the years ended June 30, 2023 and 2022, as detailed in the table below:

	For the year ended June 30,
(In thousands)	2023		2022
Net sales	$	160,977	$	154,410
Cost of goods sold	162,227		151,309
Gross (loss) profit	(1,250)		3,101
Selling expenses	6,578		7,819
General and administrative expenses	4,750		3,929
Loss on sale of assets	25,414		—
Operating expense	36,742		11,748
Loss from discontinued operations	(37,992)		(8,647)
Other (expense) income:
Interest expense	(9,008)		(5,507)
Other, net	1,124		42
Total other (expense)	(7,884)		(5,465)
Loss from discontinued operations before taxes	(45,876)		(14,112)
Income tax benefit	(734)		(425)
Loss from discontinued operations, net of income taxes	$	(45,142)	$	(13,687)

Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended June 30, 2023 and 2022 are detailed in the table below:

	For the Years Ended June 30,
(In thousands)	2023	2022
Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities	444	(13,192)
Net cash provided by (used in) investing activities	88,105	(1,539)

The following table presents net carrying value related to the major classes of assets that were classified as held for sale at June 30, 2024 and June 30, 2023 :

(In thousands)	June 30, 2024		June 30, 2023
Building and facilities	$	120	$	4,327
Land	232		3,443
Assets held for sale	$	352	$	7,770