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Quarterly Financial Information - Unaudited (Tables)
 12 Months Ended
Jun. 30, 2024
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

(in thousands, except per share amounts)

 

For the Quarter Ended

 

 

 

September 30

 

 

December 31

 

 

March 31(a)

 

 

June 30(b)

 

Fiscal 2024:

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

94,603

 

 

$

100,108

 

 

$

107,219

 

 

$

110,822

 

Gross profit

 

 

18,410

 

 

 

21,950

 

 

 

23,317

 

 

 

23,567

 

Operating income

 

 

1,918

 

 

 

4,584

 

 

 

2,982

 

 

 

7,596

 

Net income

 

 

752

 

 

 

3,051

 

 

 

1,803

 

 

 

4,922

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.15

 

 

$

0.59

 

 

$

0.35

 

 

$

0.95

 

Diluted

 

$

0.14

 

 

$

0.57

 

 

$

0.33

 

 

$

0.89

 

 

(a)
During the quarter ended March 31, 2024, the Company recorded expense of $2.6 million as a result of the restructuring activity associated with the closure of the Dublin, Georgia facility. See Note 5 Restructuring, of the Notes to Consolidated Financial Statements, included in this Annual Report on Form 10-K for more information.
(b)
During the quarter June 30, 2024, the Company recorded income of $3.3 million associated with the sale of the Starkville, Mississippi facility. See Note 6, Assets Held for Sale, of the Notes to Consolidated Financial Statements, included in this Annual Report on Form 10-K for more information. The Company recorded expense of $0.4 million as a result of the restructuring activity associated with the closure of the Dublin, Georgia facility. See Note 5 Restructuring, of the Notes to Consolidated Financial Statements, included in this Annual Report on Form 10-K for more information.

 

 

 

For the Quarter Ended

 

 

 

September 30

 

 

December 31(a)

 

 

March 31

 

 

June 30(b)

 

Fiscal 2023:

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

95,684

 

 

$

93,137

 

 

$

99,052

 

 

$

105,819

 

Gross profit

 

 

15,349

 

 

 

15,838

 

 

 

18,645

 

 

 

21,115

 

Operating income

 

 

428

 

 

 

3,762

 

 

 

2,116

 

 

 

4,236

 

Net income

 

 

289

 

 

 

2,853

 

 

 

1,475

 

 

 

10,161

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.05

 

 

$

0.54

 

 

$

0.28

 

 

$

1.97

 

Diluted

 

$

0.05

 

 

$

0.53

 

 

$

0.28

 

 

$

1.91

 

 

(a)
During the quarter ended December 31, 2022, the Company recorded income of $2.8 million as a result of insurance proceeds received related to the settlement of the environmental remediation liability. See Note 13 Commitments and Contingencies, of the Notes to Consolidated Financial Statements, included in this Annual Report on Form 10-K for more information.
(b)
During the quarter June 30, 2023, it was determined the Company has reached a more-likely- than-not position that the Company will realize the entirety of its deferred tax assets. Therefore, the Company has reversed the valuation allowance against the federal and state deferred tax assets recorded as of June 30, 2022 of $9.8 million. See Note 10 Income Taxes, included in this Annual Report on Form 10-K for more information.