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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Net sales $ 78,357 $ 112,370 $ 266,390 $ 372,769
Cost of sales 72,658 82,063 230,656 298,738
Amortization of intangibles 2,621 3,851 10,425 21,097
Gross profit 3,078 26,456 25,309 52,934
Operating expenses:        
Research and development expenses 5,807 5,973 16,318 18,156
Selling, general and administrative expenses 17,572 17,636 55,268 46,502
Restructuring expenses 1,782   2,673 4,043
Asset impairment charges     49,361 198,000
Total operating expenses 25,161 23,609 123,620 266,701
Operating income (loss) (22,083) 2,847 (98,311) (213,767)
Other income (expense):        
Investment income 34 80 114 168
Interest expense (14,517) (12,631) (43,171) (40,613)
Other 303 18 252 23
Total other expense (14,180) (12,533) (42,805) (40,422)
Loss before income tax (36,263) (9,686) (141,116) (254,189)
Income tax benefit (1,365) (2,544) (2,791) (68,600)
Net loss $ (34,898) $ (7,142) $ (138,325) $ (185,589)
Loss per common share:        
Basic (in dollars per share) $ (0.86) $ (0.18) $ (3.44) $ (4.72)
Diluted (in dollars per share) $ (0.86) $ (0.18) $ (3.44) $ (4.72)
Weighted average common shares outstanding:        
Basic (in shares) 40,503,301 39,511,296 40,261,330 39,340,670
Diluted (in shares) 40,503,301 39,511,296 40,261,330 39,340,670