XML 77 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Net Income (Loss) Attributable to Parent $ (24,976) $ (52,361) $ (63,900)
Depreciation and amortization 11,023 13,694 15,254
Goodwill and other intangible asset impairment (Note 4) 0 12,316 18,312
Stock-based compensation expense 7,745 6,791 7,877
Deferred income tax 0 0 5,358
Gain on sale of property, plant and equipment (4,923) (2,841) (33,114)
Accelerated amortization of deferred debt amendment fees (Note 5) 0 0 1,518
Other 1,362 147 907
Changes in operating assets and liabilities increasing (decreasing) cash:      
Accounts receivable (12,077) 8,663 (6,587)
Costs and estimated earnings in excess of billings on uncompleted contracts 10,995 (136) (13,978)
Inventories (1,402) 2,506 (2,632)
Other assets and liabilities 3,897 10,538 (530)
Accounts payable (10,385) 1,210 13,654
Billings on uncompleted contracts in excess of costs and estimated earnings 85,872 20,330 11,274
Accrued expenses 5,440 (10,610) (7,609)
Net cash provided (used) by operating activities 72,571 10,247 (54,196)
Investing activities:      
Capital expenditures (6,994) (9,009) (3,345)
Proceeds from asset sales (Note 3) 6,049 6,466 39,018
Net cash provided (used) by investing activities (945) (2,543) 35,673
Financing activities:      
Advances under asset-backed credit facility 10,000 10,000 20,000
Repayments of advances under asset-backed credit facility (20,000) (15,000) (5,000)
Payment of debt amendment fees (100) 0 (1,263)
Issuances of common stock 0 0 199
Proceeds from issuance of common stock under employee stock purchase plan 184 252 270
Repurchase of common stock for payment of statutory taxes due on equity-based compensation (456) (310) (853)
Repayment of principal portion of long-term liability 0 0 (654)
Net cash provided (used) by financing activities (10,372) (5,058) 12,699
Effect of exchange rate changes on cash (451) (205) (683)
Net increase (decrease) in cash and cash equivalents 60,803 2,441 (6,507)
Cash, cash equivalents, and restricted cash, beginning of period (Note1) 79,812 77,371 83,878
Cash, cash equivalents, and restricted cash, end of period (Note1) 140,615 79,812 77,371
Other cash flow information:      
Cash received during the period for income taxes (165) (13,337) (2,864)
Cash paid during the period for interest 880 2,093 2,773
Non-cash investing and financing activities:      
Purchases of property, plant and equipment on account $ 140 $ 104 $ 54