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Dividend Restrictions (Tables)
12 Months Ended
Jun. 30, 2020
Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract]  
Condensed Balance Sheets

 

 

 

Tuesday Morning Corporation (parent company only)

 

Condensed Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

ASSETS

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Accounts receivable from subsidiaries

 

$

32,514

 

 

$

30,049

 

Total current assets

 

 

32,514

 

 

 

30,049

 

Noncurrent assets:

 

 

 

 

 

 

 

 

Investment in subsidiaries

 

 

(25,579

)

 

 

141,260

 

Total noncurrent assets

 

 

(25,579

)

 

 

141,260

 

Total Assets

 

$

6,935

 

 

$

171,309

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable to subsidiaries

 

$

 

 

$

 

Total current liabilities

 

 

 

 

 

 

Noncurrent Liabilities

 

 

 

 

 

 

Total Liabilities

 

 

 

 

 

 

Stockholders' equity:

 

 

 

 

 

 

 

 

Common stock

 

 

455

 

 

 

465

 

Additional paid-in capital

 

 

244,021

 

 

 

241,456

 

Retained deficit

 

 

(230,729

)

 

 

(63,800

)

Less:  Treasury stock

 

 

(6,812

)

 

 

(6,812

)

Total stockholders' equity

 

 

6,935

 

 

 

171,309

 

Total Liabilities and Stockholders' Equity

 

$

6,935

 

 

$

171,309

 

 

Condensed Statements of Operations

Tuesday Morning Corporation (parent company only)

 

Condensed Statements of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Years Ended June 30

 

 

 

2020

 

 

2019

 

 

2018

 

Net sales

 

$

 

 

$

 

 

$

 

Cost of sales

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

Operating income/(loss)

 

 

 

 

 

 

 

 

 

Other income/(expense):

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

Other income/(expense), net

 

 

 

 

 

 

 

 

 

Income/(loss) before taxes

 

 

 

 

 

 

 

 

 

Income tax provision

 

 

 

 

 

 

 

 

 

Net loss of subsidiaries

 

 

(166,328

)

 

 

(12,440

)

 

 

(21,938

)

Net loss

 

$

(166,328

)

 

$

(12,440

)

 

$

(21,938

)