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Sales of Assets - Sales of Assets (Tables) | 12 Months Ended
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Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The operating results of the divested operations, have been reclassified as discontinued operations in the Consolidated Statements of Operations for the years ended June 30, 2023 and 2022, as detailed in the table below:
|  | For the year ended June 30, |  |
(In thousands) |  | 2023 |  | 2022 |  |
Net sales |  | $ | 160,977 |  |  | $ | 154,410 |  |  |
Cost of goods sold |  | 162,227 |  |  | 151,309 |  |  |
Gross (loss) profit |  | (1,250) |  |  | 3,101 |  |  |
Selling expenses |  | 6,578 |  |  | 7,819 |  |  |
General and administrative expenses |  | 4,750 |  |  | 3,929 |  |  |
Loss on sale of assets |  | 25,414 |  |  | — |  |  |
Operating expense |  | 36,742 |  |  | 11,748 |  |  |
Loss from discontinued operations |  | (37,992) |  |  | (8,647) |  |  |
Other (expense) income: |  |  |  |  |  |
Interest expense |  | (9,008) |  |  | (5,507) |  |  |
Other, net |  | 1,124 |  |  | 42 |  |  |
Total other (expense) |  | (7,884) |  |  | (5,465) |  |  |
Loss from discontinued operations before taxes |  | (45,876) |  |  | (14,112) |  |  |
Income tax benefit |  | (734) |  |  | (425) |  |  |
Loss from discontinued operations, net of income taxes |  | $ | (45,142) |  |  | $ | (13,687) |  |  |
Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended June 30, 2023 and 2022 are detailed in the table below:
|  | For the Years Ended June 30, |  |
(In thousands) |  | 2023 |  | 2022 |  |
Cash Flows from Discontinued Operations |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | 444 |  |  | (13,192) |  |  |
Net cash provided by (used in) investing activities |  | 88,105 |  |  | (1,539) |  |  |
The following table presents net carrying value related to the major classes of assets that were classified as held for sale at June 30, 2024 and June 30, 2023 :
(In thousands) |  | June 30, 2024 |  | June 30, 2023
Building and facilities |  | $ | 120 |  |  | $ | 4,327 |
Land |  | 232 |  |  | 3,443 |
Assets held for sale |  | $ | 352 |  |  | $ | 7,770 |

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