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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 4,054 $ 5,830
Restricted cash 178 175
Accounts receivable, net of allowance for credit losses of $650 and $710, respectively 24,498 35,147
Inventories 51,252 57,230
Short-term derivative assets 0 11
Prepaid expenses 4,226 4,236
Assets held for sale 352 352
Total current assets 84,560 102,981
Property, plant and equipment, net 28,890 34,002
Intangible assets, net 9,583 11,233
Right-of-use operating lease assets 39,140 35,241
Other assets 986 1,756
Total assets 163,159 185,213
Current liabilities:    
Accounts payable 36,648 48,478
Accrued payroll expenses 8,444 10,782
Right-of-use operating lease liabilities - current 16,580 14,046
Short-term derivative liability 0 730
Other current liabilities 3,271 2,997
Total current liabilities 64,943 77,033
Long-term borrowings under revolving credit facility 23,300 23,300
Accrued pension liabilities 10,910 12,287
Accrued postretirement benefits 822 789
Accrued workers’ compensation liabilities 2,557 2,378
Right-of-use operating lease liabilities - noncurrent 23,140 21,766
Other long-term liabilities 223 2,111
Total liabilities 125,895 139,664
Commitments and contingencies
Stockholders’ equity:    
Common stock, $1.00 par value, 50,000,000 shares authorized; 21,510,110 and 21,264,327 shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively 21,510 21,265
Additional paid-in capital 81,272 79,963
Accumulated deficit (40,122) (30,354)
Accumulated other comprehensive loss (25,396) (25,325)
Total stockholders’ equity 37,264 45,549
Total liabilities and stockholders’ equity $ 163,159 $ 185,213