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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance (“PVP”)
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between compensation actually paid to our Named Executive Officers (NEOs) and certain financial performance metrics of the Company using a methodology that has been prescribed by the SEC.
 
Fiscal
Year
  
Summary
Compensation
Table Total
for PEO
(1)
    
Compensation
Actually Paid
to PEO
(1)(2)
    
Average
Summary
Compensation
Table Total
for
non-PEO

NEOs
(1)
    
Average
Compensation
Actually Paid
to
non-PEO

NEOs
(1) (2)
    
Value of Initial Fixed $100
Investment Based on:
    
Net Income
(Loss)
($ millions)
    
Adjusted
EBITDA
(4)
($ millions)
  
 
Total
Shareholder
Return
    
Peer Group
Total
Shareholder
Return
(3)
  
(a)
  
(b)
    
(c)
    
(d)
    
(e)
    
(f)
    
(g)
    
(h)
    
(i)
  
2023
   $ 6,729,013     $ 9,225,794     $ 1,361,854     $ 1,727,830     $ 106.81     $ 195.54     $ 118.5     $ 323.0  
2022
   $ 6,131,892     $ 1,994,311     $ 1,464,994     $ 485,335     $ 84.82     $ 133.64     $ 144.6     $ 364.0  
2021
   $ 6,447,574     $ 8,298,277     $ 1,801,001     $ 2,269,987     $ 128.02     $ 163.07     $ 54.4     $ 276.0  
 
(1)
Mr. Rossi served as our principal executive officer (PEO) for the full fiscal year in 2023, 2022, and 2021. Our
non-PEO
named executive officers (NEOs) included: (a) for fiscal year 2023, Messrs. Watson, Chowbey, Cardenas, and Ms. Keating; (b) for fiscal year 2022, Mr. Damon Audia, our former Vice President and Chief Financial Officer, Messrs. Chowbey, Watson, Cardenas, and Ms. Judith Bacchus, our Vice President and Chief Administrative Officer; and (c) for fiscal year 2021, Mr. Peter Dragich, our former Vice President and Chief Operations Officer, Metal Cutting, Messrs. Audia and Cardenas, and Mses. Bacchus and Keating.
 
(2)
The following amounts were deducted from / added to Summary Compensation Table (SCT) total compensation in accordance with the
SEC-mandated
adjustments to calculate Compensation Actually Paid (CAP) to our principal executive officer (PEO) and average CAP to our
non-PEO
named executive officers. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value
of
such awards.
 
PEO SCT Total to CAP Reconciliation
 
Fiscal Year
   
2021
    
2022
    
2023
  
       
SCT Total
     $ 6,447,574      $ 6,131,892      $ 6,729,013  
       
- Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year
     $ 0      $ 0      $ 0  
       
+ Service Cost of Pension in Fiscal Year
     $ 0      $ 0      $ 0  
       
+ Prior Service Cost of Pension in Fiscal Year
     $ 0      $ 0      $ 0  
       
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
    ($ 3,800,016 )    ($ 3,774,347 )    ($ 4,417,134 ) 
       
± Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
     $ 6,255,292      $ 2,630,055      $ 5,136,155  
       
± Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
    ($ 847,928 )    ($ 2,347,254 )     $ 1,234,467  
       
± Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
     $ 0      $ 0      $ 0  
       
± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     $ 68,517      $ 47,370      $ 220,778  
       
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
     $ 0     ($ 886,412 )     $ 0  
       
+ Dividends or Other Earnings Paid on Stock Awards in the Fiscal Year Prior to the Vesting Date that are not otherwise included in the Total Compensation for the Fiscal Year
     $ 174,837      $ 193,007      $ 322,513  
       
Compensation Actually Paid
   
 $
8,298,277
 
  
 $
1,994,311
 
  
 $
9,225,794
 
 
Non-PEO
NEO Average SCT Total to Average CAP Reconciliation
 
Fiscal Year
   
2021
    
2022
    
2023
  
       
Average SCT Total
     $ 1,801,001      $ 1,464,994      $ 1,361,854  
       
- Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year
    ($ 247,188 )    ($ 265,465 )     $ 0  
       
+ Service Cost of Pension in Fiscal Year
     $ 396,938      $ 178,791      $ 0  
       
+ Prior Service Cost of Pension in Fiscal Year
     $ 0      $ 0      $ 0  
       
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
    ($ 701,109 )    ($ 741,024 )    ($ 585,894 ) 
       
± Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
     $ 1,150,583      $ 389,506      $ 713,822  
       
± Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
    ($ 67,579 )    ($ 181,308 )     $ 145,563  
       
± Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
     $ 0      $ 0      $ 0  
       
± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     $ 19,407     ($ 3,863 )     $ 51,614  
       
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
     $ 0     ($ 442,016 )     $ 0  
       
+ Dividends or Other Earnings Paid on Stock Awards in the Fiscal Year Prior to the Vesting Date that are not otherwise included in the Total Compensation for the Fiscal Year
     $ 37,734      $ 16,382      $ 40,871  
       
Average Compensation Actually Paid
   
 $
2,269,987
 
  
 $
485,335
 
  
 $
1,727,830
 
 
(3)
The Peer Group for which Total Shareholder Return is provided in column (g) is the S&P 400 Capital Goods Index.
 
(4)
Adjusted EBITDA is a
Non-GAAP
financial measure. (see Appendix A for a reconciliation to GAAP).
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote Our
non-PEO
named executive officers (NEOs) included: (a) for fiscal year 2023, Messrs. Watson, Chowbey, Cardenas, and Ms. Keating; (b) for fiscal year 2022, Mr. Damon Audia, our former Vice President and Chief Financial Officer, Messrs. Chowbey, Watson, Cardenas, and Ms. Judith Bacchus, our Vice President and Chief Administrative Officer; and (c) for fiscal year 2021, Mr. Peter Dragich, our former Vice President and Chief Operations Officer, Metal Cutting, Messrs. Audia and Cardenas, and Mses. Bacchus and Keating. 		   
Peer Group Issuers, Footnote The Peer Group for which Total Shareholder Return is provided in column (g) is the S&P 400 Capital Goods Index.    
PEO Total Compensation Amount $ 6,729,013 $ 6,131,892 $ 6,447,574
PEO Actually Paid Compensation Amount $ 9,225,794 1,994,311 8,298,277
Adjustment To PEO Compensation, Footnote
Fiscal Year
   
2021
    
2022
    
2023
  
       
SCT Total
     $ 6,447,574      $ 6,131,892      $ 6,729,013  
       
- Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year
     $ 0      $ 0      $ 0  
       
+ Service Cost of Pension in Fiscal Year
     $ 0      $ 0      $ 0  
       
+ Prior Service Cost of Pension in Fiscal Year
     $ 0      $ 0      $ 0  
       
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
    ($ 3,800,016 )    ($ 3,774,347 )    ($ 4,417,134 ) 
       
± Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
     $ 6,255,292      $ 2,630,055      $ 5,136,155  
       
± Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
    ($ 847,928 )    ($ 2,347,254 )     $ 1,234,467  
       
± Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
     $ 0      $ 0      $ 0  
       
± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     $ 68,517      $ 47,370      $ 220,778  
       
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
     $ 0     ($ 886,412 )     $ 0  
       
+ Dividends or Other Earnings Paid on Stock Awards in the Fiscal Year Prior to the Vesting Date that are not otherwise included in the Total Compensation for the Fiscal Year
     $ 174,837      $ 193,007      $ 322,513  
       
Compensation Actually Paid
   
 $
8,298,277
 
  
 $
1,994,311
 
  
 $
9,225,794
 
    
Non-PEO NEO Average Total Compensation Amount $ 1,361,854 1,464,994 1,801,001
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,727,830 485,335 2,269,987
Adjustment to Non-PEO NEO Compensation Footnote
Fiscal Year
   
2021
    
2022
    
2023
  
       
Average SCT Total
     $ 1,801,001      $ 1,464,994      $ 1,361,854  
       
- Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year
    ($ 247,188 )    ($ 265,465 )     $ 0  
       
+ Service Cost of Pension in Fiscal Year
     $ 396,938      $ 178,791      $ 0  
       
+ Prior Service Cost of Pension in Fiscal Year
     $ 0      $ 0      $ 0  
       
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
    ($ 701,109 )    ($ 741,024 )    ($ 585,894 ) 
       
± Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
     $ 1,150,583      $ 389,506      $ 713,822  
       
± Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
    ($ 67,579 )    ($ 181,308 )     $ 145,563  
       
± Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
     $ 0      $ 0      $ 0  
       
± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     $ 19,407     ($ 3,863 )     $ 51,614  
       
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
     $ 0     ($ 442,016 )     $ 0  
       
+ Dividends or Other Earnings Paid on Stock Awards in the Fiscal Year Prior to the Vesting Date that are not otherwise included in the Total Compensation for the Fiscal Year
     $ 37,734      $ 16,382      $ 40,871  
       
Average Compensation Actually Paid
   
 $
2,269,987
 
  
 $
485,335
 
  
 $
1,727,830
 
    
Compensation Actually Paid vs. Total Shareholder Return
LOGO
   
Compensation Actually Paid vs. Net Income
LOGO
   
Compensation Actually Paid vs. Company Selected Measure
LOGO
   
Total Shareholder Return Vs Peer Group
LOGO
   
Tabular List, Table
TABULAR LIST OF MOST IMPORTANT PERFORMANCE MEASURES
The four items listed below represent the most important performance metrics we used to determine CAP for Fiscal 2023 as further described in our Compensation Discussion and Analysis (CD&A).
 
Most Important Performance Measures
•  Adjusted EBITDA
 
•  Primary Working Capital as a Percent of Sales
 
•  Adjusted EBITDA Margin
 
•  Adjusted ROIC
    
Total Shareholder Return Amount $ 106.81 84.82 128.02
Peer Group Total Shareholder Return Amount 195.54 133.64 163.07
Net Income (Loss) $ 118,500,000 $ 144,600,000 $ 54,400,000
Company Selected Measure Amount 323,000,000 364,000,000 276,000,000
PEO Name Mr. Rossi    
Measure:: 1      
Pay vs Performance Disclosure      
Compensation Actually Paid vs. Other Measure
 
 
LOGO
LOGO
 
    
Name Adjusted EBITDA    
Non-GAAP Measure Description Adjusted EBITDA is a
Non-GAAP
financial measure. (see Appendix A for a reconciliation to GAAP). 		   
Measure:: 2      
Pay vs Performance Disclosure      
Name Primary Working Capital as a Percent of Sales    
Measure:: 3      
Pay vs Performance Disclosure      
Name Adjusted EBITDA Margin    
Measure:: 4      
Pay vs Performance Disclosure      
Name Adjusted ROIC    
PEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 1,234,467    
PEO | Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 $ 0 $ 0
PEO | Service Cost of Pension in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Prior Service Cost of Pension in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Grant Date Fair Value of Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (4,417,134) (3,774,347) (3,800,016)
PEO | Fair Value at Fiscal YearEnd of Outstanding and Unvested Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,136,155 2,630,055 6,255,292
PEO | Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (2,347,254) (847,928)
PEO | Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 220,778 47,370 68,517
PEO | Fair Value as of Prior Fiscal YearEnd of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (886,412) 0
PEO | Dividends or Other Earnings Paid on Stock Awards in the Fiscal Year Prior to the Vesting Date that are not otherwise included in the Total Compensation for the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 322,513 193,007 174,837
Non-PEO NEO | Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (265,465) (247,188)
Non-PEO NEO | Service Cost of Pension in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 178,791 396,938
Non-PEO NEO | Prior Service Cost of Pension in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Grant Date Fair Value of Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (585,894) (741,024) (701,109)
Non-PEO NEO | Fair Value at Fiscal YearEnd of Outstanding and Unvested Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 713,822 389,506 1,150,583
Non-PEO NEO | Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 145,563 (181,308) (67,579)
Non-PEO NEO | Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 51,614 (3,863) 19,407
Non-PEO NEO | Fair Value as of Prior Fiscal YearEnd of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (442,016) 0
Non-PEO NEO | Dividends or Other Earnings Paid on Stock Awards in the Fiscal Year Prior to the Vesting Date that are not otherwise included in the Total Compensation for the Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 40,871 $ 16,382 $ 37,734