Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The current and deferred components of the provision for income taxes consist of the following: 

	For the Years Ended June 30,
(In thousands)	2024		2023		2022
Current:
Federal	$	—	$	—	$	—
State	14		142		124
Total current income tax expense	14		142		124
Deferred:
Federal	—		(373)		—
State	—		(94)		—
Total deferred income tax (benefit) expense	—		(467)		—
Income tax expense (benefit)	$	14	$	(325)	$	124

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense to the federal statutory tax rate is as follows: 

	For the Years Ended June 30,
(In thousands)	2024		2023		2022
Statutory tax rate	21%		21%		21%
Income tax benefit at statutory rate	$	(811)	$	(7,216)	$	(389)
State income tax expense (benefit) (net of federal tax benefit)	933		2,407		(754)
Valuation allowance	(3,223)		3,788		1,767
Change in tax rate	(26)		(111)		(210)
Post-retirement medical plan and other offset in OCI	—		(467)		—
Other (net)	3,141		1,274		(290)
Income tax expense (benefit)	$	14	$	(325)	$	124

Schedule of Deferred Tax Assets and Liabilities

The primary components of the temporary differences which give rise to the Company’s net deferred tax assets (liabilities) are as follows: 

	As of June 30,
(In thousands)	2024		2023
Deferred tax assets:
Postretirement benefits	$	3,290	$	5,349
Accrued liabilities	2,121		2,642
163(j) Interest Limitation	9,633		7,772
Net operating loss carryforward	54,981		55,566
Intangible assets	5,476		6,481
Right-of-use operating lease liabilities	9,009		6,346
Other	5,128		5,436
Total deferred tax assets	89,638		89,592
Deferred tax liabilities:
Property, plant and equipment	(4,086)		(725)
Right-of-use operating lease assets	(8,865)		(6,194)
Other	(1,284)		(2,238)
Total deferred tax liabilities	(14,235)		(9,157)
Valuation allowance	(75,403)		(80,435)
Net deferred tax liability	$	—	$	—