Flexsteel Industries (FLXS) 10-K26 Aug 222022 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Jun. 30, 2022	Aug. 25, 2022	Dec. 31, 2021
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Entity File Number	0-5151
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	FLEXSTEEL INDUSTRIES, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	42-0442319
Entity Address, Address Line One	385 BELL STREET
Entity Address, City or Town	DUBUQUE
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	52001-0877
City Area Code	563
Local Phone Number	556-7730
Title of 12(b) Security	Common Stock
Trading Symbol	FLXS
Security Exchange Name	NASDAQ
Entity Central Index Key	0000037472
Current Fiscal Year End Date	--06-30
Entity Public Float			$ 135,238,895
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		5,303,490
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE In Part III, portions of the registrant’s 2022 Proxy Statement to be filed with the Securities and Exchange Commission within 120 days of the Registrant’s fiscal year end .
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Minneapolis, MN
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 2,184	$ 1,342
Trade receivables - less allowances: 2022, $2,980; 2021, $3,240	41,106	55,986
Inventories	141,212	161,125
Other	4,950	9,421
Assets held for sale	616	666
Total current assets	190,068	228,540
NONCURRENT ASSETS:
Property, plant and equipment, net	38,543	39,783
Operating lease right-of-use assets	38,189	27,057
Other assets	1,941	1,399
TOTAL	268,741	296,779
CURRENT LIABILITIES:
Accounts payable - trade	32,147	67,773
Current portion of operating lease liabilities	6,361	5,833
Accrued liabilities:
Payroll and related items	6,385	7,662
Insurance	2,158	3,062
Restructuring costs	1,290	1,522
Advertising	4,052	5,196
Environmental remediation	3,570	3,570
Other	8,664	5,133
Total current liabilities	64,627	99,751
LONG-TERM LIABILITIES:
Operating lease liabilities, less current maturities	33,992	24,317
Lines of credit	37,739	3,500
Other liabilities	823	1,243
Total liabilities	137,181	128,811
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' EQUITY:
Common stock - $1 par value; authorized 15,000 shares; 8,190 shares issued and 5,300 shares outstanding as of June 30, 2022, and 8,133 shares issued and 6,848 shares outstanding as of June 30, 2021	8,190	8,133
Additional paid-in capital	34,467	34,015
Treasury stock, at cost; 2,890 shares and 1,284 shares as of June 30, 2022 and 2021, respectively	(66,372)	(31,320)
Retained earnings	155,275	157,140
Total shareholders' equity	131,560	167,968
TOTAL	$ 268,741	$ 296,779

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Consolidated Balance Sheets [Abstract]
Trade receivables, allowance for doubtful accounts	$ 2,980	$ 3,240
Common stock, par value	$ 1	$ 1
Common stock, authorized	15,000,000	15,000,000
Common stock, issued	8,190,000	8,133,000
Common stock, outstanding	5,300,000	6,848,000
Treasury stock, shares	2,890,453	1,284,000

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statements Of Income [Abstract]
Net sales	$ 544,282	$ 478,925	$ 366,926
Cost of goods sold	471,602	382,195	313,873
Gross margin	72,680	96,730	53,053
Selling, general and administrative	66,733	67,977	72,442
Restructuring expense	730	3,422	34,222
(Gain) on disposal of assets	(1,400)	(5,881)	(19,216)
Litigation settlement costs		12
Operating income (loss)	6,617	31,200	(34,395)
Other Nonoperating Income (Expense) [Abstract]
Total other (expense) income	(714)	267	638
Interest (expense)	(835)	(10)	(82)
Other income	121	277	720
Income (loss) before income taxes	5,903	31,467	(33,757)
Income tax provision (benefit)	4,050	8,419	(6,913)
Net income (loss)	$ 1,853	$ 23,048	$ (26,844)
Weighted average number of common shares outstanding:
Basic	6,329	7,200	7,956
Diluted	6,503	7,468	7,956
Earnings (loss) per share of common stock
Basic	$ 0.29	$ 3.20	$ (3.37)
Diluted	$ 0.28	$ 3.09	$ (3.37)

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ 1,853	$ 23,048	$ (26,844)
Other comprehensive income (loss):
Unrealized (losses) gains on securities			(18)
Reclassification of realized gains (losses) on securities to other income			7
Unrealized (losses) gains on securities before taxes			(11)
Income tax benefit (expense) related to securities gains (losses)			3
Net unrealized (losses) gains on securities			(8)
Comprehensive income (loss)	$ 1,853	$ 23,048	$ (26,852)

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands	Total Par Value Of Common Shares [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Balance, beginning (ASU 2016-02 adoption [Member]) at Jun. 30, 2019				$ (66)			$ (66)
Balance, beginning at Jun. 30, 2019	$ 7,903	$ 27,512			$ 170,004	$ 8		$ 205,427
Stock options exercised, net	2	19						21
Unrealized gain on available for sale investments, net of tax						$ (8)		(8)
Long-term incentive compensation		447						447
Stock-based compensation	103	3,770						3,873
Treasury stock purchases			$ (1,563)					(1,563)
Cash dividends declared					(5,782)			(5,782)
Net income (loss)					(26,844)			(26,844)
Balance, ending at Jun. 30, 2020	8,008	31,748	(1,563)		137,312			175,505
Stock options exercised, net	13	(30)						(17)
Long-term incentive compensation		2,321						2,321
Stock-based compensation	112	(24)						88
Treasury stock purchases			(29,757)					(29,757)
Cash dividends declared					(3,220)			(3,220)
Net income (loss)					23,048			23,048
Balance, ending at Jun. 30, 2021	8,133	34,015	(31,320)		157,140			167,968
Stock options exercised, net	7	110						117
Long-term incentive compensation		51						51
Stock-based compensation	50	291						341
Treasury stock purchases			(35,052)					(35,052)
Cash dividends declared					(3,718)			(3,718)
Net income (loss)					1,853			1,853
Balance, ending at Jun. 30, 2022	$ 8,190	$ 34,467	$ (66,372)		$ 155,275			$ 131,560

Consolidated Statements Of Ch_2

Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statements Of Changes In Shareholders' Equity [Abstract]
Common stock, par value	$ 1	$ 1	$ 1
Dividends declared per common share	$ 0.60	$ 0.45	$ 0.71

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
OPERATING ACTIVITIES:
Net income (loss)	$ 1,853,000	$ 23,048,000	$ (26,844,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,171,000	5,210,000	8,370,000
Deferred income taxes		2,111,000	5,453,000
Stock-based compensation expense	1,020,000	3,738,000	4,877,000
Changes in provision for (recoveries) losses on accounts receivable	(260,000)	1,470,000	1,520,000
Change in reserve for VAT receivable		(237,000)	(1,998,000)
Dubuque and Starkville property, plant and equipment impairment	0	0	17,482,000
Right-of-use asset impairment			2,878,000
(Gain) on disposition of capital assets	(1,782,000)	(5,948,000)	(19,033,000)
Changes in operating assets and liabilities:
Trade receivables	15,140,000	(25,239,000)	4,419,000
Inventories	19,913,000	(90,560,000)	23,093,000
Other current assets	4,470,000	9,351,000	(5,040,000)
Other assets	(542,000)	(90,000)	208,000
Accounts payable - trade	(35,809,000)	39,893,000	9,334,000
Accrued liabilities	(769,000)	3,957,000	(6,018,000)
Other long-term liabilities	(412,000)	604,000	(414,000)
Net cash provided by (used in) operating activities	7,993,000	(32,692,000)	18,287,000
INVESTING ACTIVITIES:
Purchases of investments		(47,000)	(1,689,000)
Proceeds from sales of investments		46,000	1,695,000
Proceeds from sale of capital assets	1,937,000	18,643,000	20,467,000
Capital expenditures	(3,853,000)	(2,580,000)	(3,688,000)
Net cash (used in) provided by investing activities	(1,916,000)	16,062,000	16,785,000
FINANCING ACTIVITIES:
Dividends paid	(3,911,000)	(2,622,000)	(7,022,000)
Treasury stock purchases	(35,052,000)	(29,757,000)	(1,563,000)
Proceeds from lines of credit	265,093,000	8,500,000	15,000,000
Payments on lines of credit	(230,854,000)	(5,000,000)	(15,000,000)
Proceeds from issuance of common stock	117,000	94,000	21,000
Shares withheld for tax payments on vested shares and options exercised	(628,000)	(1,440,000)	(558,000)
Net cash (used in) financing activities	(5,235,000)	(30,225,000)	(9,122,000)
Increase (decrease) in cash and cash equivalents	842,000	(46,855,000)	25,950,000
Cash and cash equivalents at beginning of year	1,342,000	48,197,000	22,247,000
Cash and cash equivalents at end of year	2,184,000	1,342,000	48,197,000
SUPPLEMENTAL INFORMATION
Cash paid for amounts included in lease liabilities	6,612,000	4,511,000	4,060,000
Right-of-use assets exchanged for lease liabilities	16,814,000	22,770,000	3,573,000
Interest paid	743,000	10,000	82,000
Income taxes (refunded)	(823,000)	(5,556,000)	(4,304,000)
Capital expenditures in accounts payable	$ 183,000	$ 133,000	$ 75,000

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
Summary Of Significant Accounting Policies	Jun. 30, 2022
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS – Flexsteel Industries, Inc., and Subsidiaries (the “Company” or “Flexsteel” or “Our”) is one of the largest manufacturers, importers, and online marketers of furniture products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name “Flexsteel” is derived. The Company distributes its products throughout the United States through its e-commerce channel and dealer sales force. PRINCIPLES OF CONSOLIDATION – The consolidated financial statements include the accounts of Flexsteel Industries, Inc. and its wholly owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. The Company’s consolidated financial statements and results of operations are based on consolidated financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) in the United States of America. USE OF ESTIMATES – The preparation of consolidated financial statements in conformity with GAAP in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Ultimate results could differ from those estimates. FAIR VALUE – The Company’s cash and cash equivalents, investments, accounts receivable, other current assets, accounts payable and certain accrued liabilities are carried at amounts which reasonably approximate their fair value due to their short-term nature. GAAP on fair value measurement for certain financial assets and liabilities require that each asset and liability carried at fair value be classified into one of the following categories: Level 1: Quoted market prices in active markets for identical assets and liabilities; Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data; or Level 3: Unobservable inputs that are not corroborated by market data. The Company has not changed its valuation techniques in measuring the fair value of any financial assets and liabilities during the period. ALLOWANCE FOR CREDIT LOSSES – The Company establishes an allowance for credit losses to reduce trade accounts receivable to an amount that reasonably approximates their net realizable value. The Company’s allowance for credit losses is established through review of open accounts, historical collection, and historical write-off amounts. The amount ultimately realized from trade accounts receivable may differ from the amount estimated in the consolidated financial statements. INVENTORIES – are stated at the lower of cost or net realizable value utilizing the first - in - first - out (“FIFO”) method. PROPERTY, PLANT AND EQUIPMENT – is stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets. VALUATION OF LONG–LIVED ASSETS – The Company periodically reviews the carrying value of long-lived assets and estimated depreciable or amortizable lives for continued appropriateness. This review is based upon projections of anticipated future cash flows and is performed whenever events or changes in circumstances indicate that asset carrying values may not be recoverable or that the estimated depreciable or amortizable lives may have changed. For assets held for sale, if the net book value of the asset is greater than its estimated fair value less cost to sell, an impairment is recorded for the excess of net book value over estimated fair value less cost to sell. ASSETS HELD FOR SALE – Assets held for sale represent land, buildings, machinery and equipment for locations that have met the criteria of “held for sale” accounting, as specified by Accounting Standards Codification (“ASC”) 360, “Property, Plant, and Equipment.” Once an asset is classified as held for sale, the Company ceases deprecating the asset. The assets held for sale are being marketed for sale and it is the Company’s intention to complete the sale of the assets within the upcoming year. RESTRUCTURING COSTS - The Company groups exit or disposal cost obligations into three categories: Involuntary employee termination benefits, costs to terminate contracts, and other associated costs. Involuntary employee termination benefits must be a one-time benefit, and this element of restructuring cost is recognized as incurred upon communication of the plan to the identified employees. Costs to terminate contracts are recognized upon termination agreement with the provider. Other associated restructuring costs are expensed as incurred. Any inventory impairment costs as a result of restructuring activities are accounted for as cost of goods sold. LEASES – The Company accounts for its leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASC 842”). ASC 842 requires lessees to (i) recognize a right of use asset (“ROU asset”) and a lease liability that is measured at the present value of the remaining lease payments, on the consolidated balance sheets, (ii) recognize a single lease cost, calculated over the lease term on a straight-line basis and (iii) classify lease related cash payments within operating and financing activities. The Company has made an accounting policy election to not recognize short-term leases on the consolidated balance sheets and all non-lease components, such as common area maintenance, were excluded. See Note 2, Leases , for the Company’s lease disclosures. WARRANTY – The Company estimates the amount of warranty claims on sold product that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance. REVENUE RECOGNITION – Revenue is recognized when control of the promised goods or services is transferred to our customers in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. We generate revenue primarily by manufacturing and delivering furniture products to independent furniture retailers in the United States. Each unit of furniture is a separate performance obligation. We satisfy our performance obligations when control of our product is passed to our customer, which is the point in time that our customers are able to direct the use of and obtain substantially all of the remaining economic benefit of the goods or services. Net sales consist of product sales and outbound shipping and handling charges for customer deliveries, net of adjustments for returns and allowances. Shipping and handling costs are included in cost of goods sold. The Company’s revenues result from the sale of goods and reflect the consideration to which the Company expects to be entitled. Revenue is reduced by appropriate allowances, estimated returns, price concessions, or similar adjustments as applicable. The Company records revenue based on a five-step model in accordance with ASC 2014-09, Revenue from Contracts with Customers ( Topic 606 ). For its customer contracts, typically purchase orders, the Company identifies the performance obligations (goods), determines the transaction price, allocates the contract transaction price to the performance obligations, and recognizes the revenue when the performance obligation is transferred to the customer. A good is transferred when the customer obtains control of that good and risk of loss transfers at a point in time. Provisions for customer volume rebates, product returns, discounts, and allowances are variable considerations and are recorded as a reduction of revenue in the same period the related sales are recorded. Such provisions are calculated based upon historical data and discount percentages, set with each customer. Consideration given to customers for cooperative advertising is recognized as a reduction of revenue except to the extent there is a distinct good or service and evidence of the fair value of the advertising, in which case the expense is classified as selling, general and administrative expense (SG&A). The Company has a limited lifetime warranty on all products. The Company does not offer the option to purchase warranties. The Company accounts for warranties under ASC 460, Guarantees , and not as variable consideration related to revenue. Occasionally, the Company receives deposits from customers before it has transferred control of the product to customers, resulting in contract liabilities. These contract liabilities are reported within “Accounts payable - trade” in the consolidated balance sheets. As of June 30, 2022, the Company had $ 0.09 million of customer deposits. As of June 30, 2021, the Company had $ 0.16 million of customer deposits. The Company follows the following practical expedients and policy elections:  The Company does not adjust contract prices for the effects of a significant financing component, as it expects the period when the goods or services are transferred to the customer and when the customer pays for those goods and services to be less than a year.  Costs for outbound shipping and handling activities that occur after the product is received in the Company’s distribution centers, but before the customer obtains control of the product are accounted for as fulfillment activities. Accordingly, these expenses are recorded at the same time the Company recognizes revenue. Inbound shipping and handling activities incurred to transport product to the Company’s distribution centers is expensed when the product is received by the Company, unless there are revenue surcharges to recover such costs, in which case these expenses are recorded at the same time the Company recognizes revenue.  Incremental costs of obtaining a contract, specifically commissions, are recorded as an SG&A expense when incurred.  All taxes imposed on and concurrent with revenue-producing transactions and collected by the Company from a customer, including sales, use, excise, and franchise taxes are excluded from the measurement of the transaction price. The following table disaggregates the Company’s net sales by product category: For the years ended June 30, (in thousands) 2022 2021 2020 Residential $ 543,447 $ 476,519 $ 331,879 Contract 835 2,406 35,047 $ 544,282 $ 478,925 $ 366,926 ADVERTISING COSTS – are charged to selling, general and administrative expenses in the periods incurred. The Company conducts no direct-response advertising programs and there are no assets related to advertising recorded on the consolidated balance sheets. Advertising expenditures, primarily shared customer advertising in which an identifiable benefit is received and national trade-advertising programs, were approximately $ 5.8 million, $ 3.9 million, and $ 3.4 million in fiscal years 2022, 2021, and 2020, respectively. CREDIT LOSSES – In June 2016, the Financial Accounting Standards Board (“FASB“) issued ASU 2016-13 “Financial Instruments - Credit Losses (“Topic 326”)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. Effective July 1, 2020, the Company adopted Topic 326 and there was no impact to the Company’s financial statements. DESIGN, RESEARCH, AND DEVELOPMENT COSTS – are charged to selling, general and administrative expenses in the periods incurred. Expenditures for design, research, and development costs were approximately $ 2.9 million, $ 1.9 million, and $ 4.0 million in fiscal years 2022, 2021, and 2020, respectively. INSURANCE – The Company is self-insured for health care and most workers’ compensation up to predetermined amounts above which third-party insurance applies. The Company purchases specific stop-loss insurance for individual health care claims in excess of $ 175,000 per plan year. For workers’ compensation, the Company retains the first $ 250,000 per claim and purchases excess coverage up to the statutory limits for amounts in excess of the retention limit. Losses are accrued based upon the Company’s estimates of the aggregate liability for claims incurred using certain actuarial assumptions followed in the insurance industry and based on Company experience. The Company records these insurance accruals within “Accrued liabilities – insurance” on the consolidated balance sheets. INCOME TAXES – The Company uses the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company recognizes in its financial statements the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. In December 2019, the FASB issued ASU 2019 - 12 “Income Taxes Simplifying the Accounting for Income Taxes (Topic 740)” as part of its initiative to reduce complexity in the accounting standards. The amendments in ASU 2019 - 12 eliminate certain exceptions related to the approach for interim period tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. EARNINGS PER SHARE (EPS) – Basic EPS of common stock is based on the weighted-average number of common shares outstanding during each fiscal year. Diluted EPS of common stock includes the dilutive effect of potential common shares outstanding. The Company’s potential common shares outstanding are stock options, shares associated with the long-term management incentive compensation plan and non-vested restricted shares. The Company calculates the dilutive effect of outstanding options using the treasury stock method; all options are anti-dilutive when there is a loss. Anti-dilutive shares are not included in the computation of diluted EPS when their exercise price was greater than the average closing market price of the common shares. The Company calculates the dilutive effect of shares related to the long-term management incentive compensation plan and non-vested shares based on the number of shares, if any, that would be issuable if the end of the fiscal year were the end of the contingency period. In computing EPS, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding: June 30, (in thousands) 2022 2021 2020 Basic shares 6,329 7,200 7,956 Potential common shares: Stock options 113 151 - Long-term incentive plan 61 117 - 174 268 - Diluted shares 6,503 7,468 7,956 Anti-dilutive shares 67 671 634 STOCK–BASED COMPENSATION – The Company recognizes compensation expense related to the cost of employee services received in exchange for Company equity interests based on the award’s fair value at the date of grant. The Company recognizes long-term incentive compensation plan expenses during the three-year performance periods; stock awards are issued following the end of the performance periods and are subject to verification of results and the Compensation Committee of the Board of Directors approval. See Note 11, Stock-Based Compensation . SEGMENT REPORTING – The Company operates in one reportable segment, furniture products. The Company’s operations involve the distribution of manufactured and imported furniture for residential and contract markets. The Company’s furniture products are sold primarily throughout the United States and Canada by the Company’s internal sales force and various independent representatives. The Company makes minimal export sales. No single customer accounted for more than 10% of net sales. TREASURY STOCK – Treasury stock purchases are stated at cost and presented as a reduction of equity on the consolidated balance sheets. On June 1, 2020, the Company’s Board of Directors authorized a $ 6 million share repurchase program through June 9, 2021. On August 20, 2020, the Company’s Board of Directors authorized an additional $ 8 million share repurchase program to begin on September 4, 2020, through September 3, 2021. On October 22, 2020, the Company’s Board of Directors authorized another $ 30 million share repurchase program through October 29, 2023. On January 20, 2022, the Board of Directors approved a new repurchase program authorizing the Company to purchase up to an additional $ 30 million of the Company’s common stock through January 19, 2025. As of October 31, 2020, the $ 6 million and $ 8 million repurchase programs were completed. The Company completed the share repurchases of the October 22, 2020, plan in February 2022. As of June 30, 2022, the Company has purchased a total of 2,890,453 shares at a cost of $ 66.4 million under the four programs and has $ 7.5 million remaining in the January 2022, $ 30 million share repurchase program.

Leases

Leases	12 Months Ended
Leases	Jun. 30, 2022
Leases [Abstract]
Leases	2. LEASES The Company accounts for its leases in accordance with ASU No. 2016-02, Leases (Topic 842) (“ASC 842”). ASC 842 requires lessees to (i) recognize a right of use asset (“ROU asset”) and a lease liability that is measured at the present value of the remaining lease payments, on the consolidated balance sheets, (ii) recognize a single lease cost, calculated over the lease term on a straight-line basis and (iii) classify lease related cash payments within operating and financing activities. The Company has made an accounting policy election to not recognize short-term leases on the consolidated balance sheets and all non-lease components, such as common area maintenance, were excluded. At any given time during the lease term, the lease liability represents the present value of the remaining lease payments, and the ROU asset is measured as the amount of the lease liability, adjusted for pre-paid rent, unamortized initial direct costs and the remaining balance of lease incentives received. Both the lease ROU asset and liability are reduced to zero at the end of the lease term. The Company leases distribution centers and warehouses, manufacturing facilities, showrooms, and office space. At the lease inception date, the Company determines if an arrangement is, or contains a lease. Some of the Company’s leases include options to renew at similar terms. The Company assesses these options to determine if the Company is reasonably certain of exercising these options based on relevant economic and financial factors. Options that meet these criteria are included in the lease term at the lease commencement date. For purposes of measuring the Company’s ROU asset and lease liability, the discount rate utilized by the Company was based on the average interest rates effective for the Company’s line of credit. Some of the Company’s leases contain variable rent payments, including common area maintenance and utilities. Due to the variable nature of these costs, they are not included in the measurement of the ROU asset and lease liability. On August 20, 2021, Flexsteel entered into a lease agreement for the construction of a 507,830 square foot manufacturing facility in Mexicali, Mexico. The lease commencement date under ASC842 guidance was on July 1, 2022, the date the lessor made the building available for use by the Company for purposes of completing any leasehold improvements required by the Company prior to beginning operations. The 12 -year lease term began on August 1, 2022, and ends on June 30, 2034, with options for two five -year extensions . Annual base rent under the lease is $ 3.2 million plus taxes, insurance, and common area maintenance costs. The components of the Company’s leases reflected on the Company’s consolidated statements of income were as follows: (in thousands) June 30, 2022 June 30, 2021 Operating lease expense $ 6,804 $ 4,790 Variable lease expense 1,069 301 Total lease expense $ 7,873 $ 5,091 Other information related to leases and future minimum lease payments under non-cancellable operating leases as were as follows: Fiscal year June 30, 2022 June 30, 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,612 $ 4,511 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 16,814 $ 22,770 Weighted-average remaining lease term (in years): Operating leases 5.2 4.5 Weighted-average discount rate: Operating leases 3.2 % 3.2 % Fiscal year June 30, 2022 June 30, 2021 (in thousands) Within one year $ 7,458 $ 6,790 After one year and within two years 6,251 5,858 After two years and within three years 4,521 4,551 After three years and within four years 4,205 2,807 After four years and within five years 4,278 2,457 After five years 18,231 11,894 Total future minimum lease payments $ 44,944 $ 34,357 Less – Discount 4,591 4,207 Lease liability $ 40,353 $ 30,150

Inventories

Inventories	12 Months Ended
Inventories	Jun. 30, 2022
Inventories [Abstract]
Inventories	3. INVENTORIES A comparison of inventories is as follows: June 30, (in thousands) 2022 2021 Raw materials $ 16,405 $ 22,500 Work in process and finished parts 5,534 6,234 Finished goods 119,273 132,391 Total $ 141,212 $ 161,125

Property, Plant And Equipment

Property, Plant And Equipment	12 Months Ended
Property, Plant And Equipment	Jun. 30, 2022
Property, Plant And Equipment [Abstract]
Property, Plant And Equipment	4. PROPERTY, PLANT AND EQUIPMENT Estimated June 30, (in thousands) Life (Years) 2022 2021 Land $ 3,457 $ 3,457 Buildings and improvements 5 - 39 49,114 49,166 Machinery and equipment 3 - 7 17,684 17,038 Delivery equipment 3 - 5 2,979 3,203 Furniture and fixtures 3 - 7 3,599 3,628 Computer software and hardware 3 - 10 8,717 12,058 Construction in progress 3,023 377 Total 88,573 88,927 Less accumulated depreciation ( 50,030 ) ( 49,144 ) Net $ 38,543 $ 39,783 The Company recognized no impairment charges for fiscal years 2022 and 2021, and $ 17.5 million for fiscal year 2020. The $ 17.5 million impairment charge in fiscal 2020 primarily resulted from the previously announced exit of the Company’s Vehicle Seating and remaining Hospitality product lines, which resulted in the closure of the Company’s Dubuque, Iowa and Starkville, Mississippi manufacturing facilities, and is recorded in restructuring expense on the Company’s consolidated statements of income, see Note 5 Restructuring for more information.

Restructuring

Restructuring	12 Months Ended
Restructuring	Jun. 30, 2022
Restructuring [Abstract]
Restructuring	5. RESTRUCTURING On May 15, 2019, the Company announced its plans to exit the Commercial Office and custom-designed Hospitality product lines. These changes were initial outcomes driven by customer and product line profitability and footprint utilization analyses in the fourth quarter of fiscal 2019. On June 18, 2019, the Company announced that it completed the analysis and the planning process and set forth the comprehensive transformation program to be executed over a two-year period, which includes previously announced restructuring activities on May 15, 2019. The transformation program includes activities such as business simplification, process improvement, exiting of non-core businesses, facility closures, and reductions in the workforce. The Company has substantially completed the portion of the restructuring activities related to the exit of the Commercial Office and custom-designed Hospitality product lines. On April 28, 2020, the Company announced it will exit the Vehicle Seating and the remainder of the Hospitality product lines, and subsequently closed its Dubuque, Iowa and Starkville, Mississippi manufacturing facilities. The remaining properties listed for sale as part of the footprint optimization are included in Note 6, Assets Held for Sale . The Company substantially completed all the restructuring activities related to the exit of the Vehicle Seating and the remainder of the Hospitality product lines during fiscal 2021. As a result of these planned actions, which are substantially complete for the fiscal year ended June 30, 2022, the Company planned to incur pre-tax restructuring and related expenses of approximately $ 60 million over this two-year timeframe. Total cumulative restructuring and related costs incurred as of June 30, 2022, were $ 59.4 million. The following is a summary of restructuring costs: For the years ended June 30, (in thousands) 2022 2021 2020 Inventory impairment $ — $ 45 $ 3,241 One-time employee termination benefits ( 211 ) 433 2,455 Contract (recoveries) termination costs — — ( 58 ) Fixed asset impairments — — 17,482 Other associated costs 941 2,989 14,343 Total restructuring and related expenses $ 730 $ 3,467 $ 37,463 Reported as: Cost of goods sold $ — $ 45 $ 3,241 Operating expenses $ 730 $ 3,422 $ 34,222 One-time employee termination benefits include costs for employee separation benefits. During the year ended June 30, 2022, the Company recorded a decrease in a pension plan liability that resulted in an expense reduction of $ 0.2 million and recorded a net settlement agreement of $ 0.4 million. Other associated costs include legal and professional fees, stock-based compensation expenses for retention restricted stock units in connection with the Company’s restructuring plan, ongoing facilities, and transition costs. The roll forward of the accrued restructuring costs is as follows, for the years ended June 30, 2022, 2021, and 2020: One-time Employee Contract Other Inventory Termination Termination Associated (in thousands) Impairment Benefits Costs Costs Total Accrual balance at June 30, 2020 $ — $ 1,613 $ 110 $ 238 $ 1,961 Costs incurred 45 433 — 2,989 3,467 Expenses paid — ( 414 ) ( 110 ) ( 3,207 ) ( 3,731 ) Non-cash ( 45 ) ( 130 ) — — ( 175 ) Accrual balance at June 30, 2021 $ — $ 1,502 $ — $ 20 $ 1,522 Costs incurred — ( 211 ) — 941 730 Expenses paid — ( 16 ) — ( 946 ) ( 962 ) Accrual balance at June 30, 2022 $ — $ 1,275 $ — $ 15 $ 1,290

Assets Held For Sale

Assets Held For Sale	12 Months Ended
Assets Held For Sale	Jun. 30, 2022
Assets Held For Sale [Abstract]
Assets Held For Sale	6. ASSETS HELD FOR SALE During fiscal year 2020, the Company committed to a plan to sell assets located at the Company’s Harrison, Arkansas, Dubuque, Iowa, and Starkville, Mississippi locations as part of the Company’s restructuring plan, see Note 5 Restructuring . The Company completed the sale of the Dubuque, Iowa and one Harrison, Arkansas location during the year ended June 30, 2021. The Company completed the sale of the remaining Harrison, Arkansas facility during the year ended June 30, 2022. As of June 30, 2022, the Company continues to actively market the assets in Starkville, Mississippi. A summary of the assets held for sale is included in the table below as of June 30, 2022. Accumulated Net Book Location Asset Category Cost Depreciation Value (in thousands) Starkville, Mississippi Building & building improvements $ 4,615 $ ( 4,254 ) $ 361 Land & land improvements 694 ( 439 ) 255 $ 5,309 $ ( 4,693 ) $ 616

Other Noncurrent Assets

Other Noncurrent Assets	12 Months Ended
Other Noncurrent Assets	Jun. 30, 2022
Other Noncurrent Assets [Abstract]
Other Noncurrent Assets	7. OTHER NONCURRENT ASSETS June 30, (in thousands) 2022 2021 Cash value of life insurance $ 1,052 $ 1,042 Other 889 357 Total $ 1,941 $ 1,399

Accrued Liabilities - Other

Accrued Liabilities - Other	12 Months Ended
Accrued Liabilities - Other	Jun. 30, 2022
Accrued Liabilities - Other [Abstract]
Accrued Liabilities - Other	8. ACCRUED LIABILITIES – OTHER June 30, (in thousands) 2022 2021 Dividends $ 972 $ 1,165 Warranty 1,047 805 Purchase commitments 1,734 184 Income taxes 1,513 472 Other 3,398 2,507 Total $ 8,664 $ 5,133

Credit Arrangements

Credit Arrangements	12 Months Ended
Credit Arrangements	Jun. 30, 2022
Credit Arrangements [Abstract]
Credit Arrangements	9. CREDIT ARRANGEMENTS On August 28, 2020, the Company entered a two -year secured $ 25.0 million revolving line of credit with Dubuque Bank and Trust Company, with an interest rate of 1.50 % plus LIBOR, subject to a floor of 3.00 %. The revolving line of credit was secured by essentially all the Company’s assets, excluding real property, and required the Company to maintain compliance with certain financial and non-financial covenants. This line of credit was subsequently canceled in the first quarter of the fiscal year 2022. On September 8, 2021, the Company, as the borrower, entered into a credit agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (the “Lender”), and the other lenders party thereto. The Credit Agreement has a five -year term and provides for up to an $ 85 million revolving line of credit. Subject to certain conditions, the Credit Agreement also provides for the issuance of letters of credit in an aggregate amount up to $ 5 million which, upon issuance, would be deemed advances under the revolving line of credit. The Company’s $ 1.2 million letters of credit previously issued by the Lender are being treated as outstanding under the Credit Agreement and reduce the amount of available borrowings under the revolving line of credit. Proceeds of borrowings were used to refinance all indebtedness owed to Dubuque Bank & Trust and for working capital purposes. The Company’s obligations under the Credit Agreement are secured by substantially all its assets, excluding real property. Subject to certain conditions, borrowings under the Credit Agreement bear interest at LIBOR plus 1.25 % or 1.50 % per annum, or an effective interest rate of 3.04 % on June 30, 2022. When LIBOR becomes unavailable, the replacement rate will be determined pursuant to the terms of the Credit Agreement. The Credit Agreement contains customary representations, warranties, and covenants, including a financial covenant to maintain a fixed coverage ratio of not less than 1.00 to1.00. In addition, the Loan Agreement places restrictions on the Company’s ability to incur additional indebtedness, to create liens or other encumbrances, to sell or otherwise dispose of assets, and to merge or consolidate with other entities. On April 18, 2022, the Company, as the borrower, entered into a first amendment to the September 8, 2021, Credit Agreement (“First Amendment to the Credit Agreement”), with the Lender and the lenders thereto. The amendment to the Credit Agreement changed the definition of the term ‘Payment Conditions’ and further defines “default” or “event of default” and the calculation of the Fixed Charge Coverage Ratio. As of June 30, 2022, there was $ 37.7 million outstanding under the Credit Agreement, exclusive of fees and letters of credit. Letters of credit outstanding at the Lender as of June 30, 2022, totaled $ 1.1 million.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jun. 30, 2022
Income Taxes [Abstract]
Income Taxes	10. INCOME TAXES On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted and signed into law in response to the COVID-19 global pandemic. Certain provisions of the CARES Act impacted the fiscal year 2020. The CARES Act permits net operating losses (“NOLs”) incurred in tax years 2018, 2019, and 2020, (the Company’s fiscal years 2019, 2020 and 2021) to offset 100% of taxable income and be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company evaluated the impact of the CARES Act during the year ended June 30, 2020, and recorded an income tax receivable of $ 4.5 million for the benefit of carrying back the fiscal year 2020 NOL and an income tax receivable of $ 8.2 million for the benefit of carryback the fiscal year 2019 NOL. As the Company is carrying the losses back to years beginning before January 1, 2018, the receivables were recorded at the previous 35 % federal tax rate rather than the current statutory rate of 21 %. These refunds have been received. The Company recognizes deferred tax assets to the extent that they believe the assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, and results of recent operations. As of June 30, 2022, it was determined the Company has not reached a more likely than not position that the Company will realize all its deferred tax assets. Therefore, the Company has recorded a valuation allowance against the federal and state deferred tax assets of $ 9.8 million. Income tax expense was calculated based upon the following components of income (loss) before income taxes for the years ended June 30: (in thousands) 2022 2021 2020 United States $ 2,151 $ 33,353 $ ( 32,395 ) Outside the United States 3,752 ( 1,886 ) ( 1,362 ) Income (loss) before income taxes $ 5,903 $ 31,467 $ ( 33,757 ) The income tax benefit (provision) is as follows for the years ended June 30: (in thousands) 2022 2021 2020 Federal - current $ ( 2,966 ) $ ( 5,480 ) $ 12,668 State and other - current ( 1,084 ) ( 828 ) ( 302 ) Deferred — ( 2,111 ) ( 5,453 ) Total $ ( 4,050 ) $ ( 8,419 ) $ 6,913 Reconciliation between the U.S. federal statutory tax rate and the effective tax rate is as follows for the years ended June 30: 2022 2021 2020 Federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal effect ( 0.7 ) 4.0 3.3 Foreign rate differential 5.7 2.8 — Uncertain tax positions ( 2.6 ) — — Stock based compensation ( 1.0 ) ( 1.4 ) — Section 162(m) 1.9 — — Foreign adjustments ( 8.9 ) — — Deferred adjustments — 4.0 — Remeasurement of deferred tax assets and valuation allowance 42.8 ( 3.7 ) ( 20.0 ) Amended return impacts 7.8 — — State rate change 2.7 — — Tax rate change on net operating loss carryback related to CARES Act — — 17.2 Other ( 0.1 ) 0.1 ( 1.0 ) Effective tax rate 68.6 % 26.8 % 20.5 % The components of the gross liabilities related to unrecognized tax benefits and the related deferred tax assets are as follows: June 30, (in thousands) 2022 2021 Gross unrecognized tax benefits $ 604 $ 640 Accrued interest and penalties 189 195 Gross liabilities related to unrecognized tax benefits $ 793 $ 835 Deferred tax assets 84 155 Valuation allowance ( 84 ) ( 155 ) Net deferred tax assets $ — $ — A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (in thousands) 2022 2021 2020 Balance at July 1 $ 640 $ 380 $ 380 Reductions for tax positions of the prior year ( 72 ) — — Additions based on tax positions related to the current year 70 260 — Lapse of Statute of Limitations ( 188 ) — — Addition for tax positions of the prior year 154 — — Balance at June 30 $ 604 $ 640 $ 380 The Company records interest expenses and penalties related to income taxes as income tax expenses in the consolidated statements of income. The Company does not expect that there will be any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next twelve months. The amount of unrecognized tax benefits as of June 30, 2022, and 2021 that if recognized, would affect the effective tax rate was $ 0.4 million and $ 0.6 million respectively. The primary components of deferred tax assets and (liabilities) are as follows: June 30, (in thousands) 2022 2021 Accounts receivable $ 739 $ 825 Inventory 2,448 769 Self-insurance 34 35 Payroll and related 740 817 Accrued liabilities 2,003 1,403 Property, plant, and equipment 742 ( 76 ) Investment tax credit 1,894 2,158 Valuation allowance ( 9,838 ) ( 7,312 ) Net operating loss carryover 494 388 Lease assets ( 10,468 ) ( 7,870 ) Lease liabilities 11,067 8,708 Other 145 155 Total $ — $ — On June 30, 2022, certain state tax attribute carryforwards of $ 2.4 million were available, with $ 0.3 million of credits expiring between 2022 and 2029, $ 1.6 million of credits with an indefinite carryforward period, and $ 0.5 million of state NOLs carryforward. Some of the state NOLs carry forward will have an indefinite carryforward and some will expire in varying amounts between 2025 and 2040 . As of June 30, 2022, it was determined the Company has not reached a more likely than not position the Company will realize any portion of the state attribute carryforwards. Therefore, the Company has recorded a valuation allowance against the state attribute carryforward. As of June 30, 2022, it was determined the Company has not reached a more likely than not position that the Company will realize all of its U.S. federal deferred tax assets. Therefore, the Company has recorded a valuation allowance against its U.S federal deferred tax assets for $ 9.8 million. The Company is subject to U.S. federal income tax as well as income tax of multiple state and foreign jurisdictions. Generally, tax years 2018 through 2022 remain open to examination by the Internal Revenue Service or other taxing jurisdictions to which the Company is subject.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Jun. 30, 2022
Stock-Based Compensation [Abstract]
Stock-Based Compensation	11. STOCK-BASED COMPENSATION The Company accounts for its stock-based compensation plans in accordance with ASC 718, Stock Compensation , which requires the Company to measure all share-based payments at grant date fair value and recognize the cost over the requisite service period. Restricted shares and restricted stock units (“RSUs”) generally vest over 1 to 3 years. Stock options are granted at an exercise price equal to the fair value of the Company’s common stock price at the grant date and are exercisable for up to 10 years. Stock-based compensation is included in selling, general and administrative, and restructuring expenses on the consolidated statements of income. The stock-based compensation expense included in restructuring expense were for retention RSUs in connection with the Company’s restructuring plan. Forfeitures are recognized as incurred. Total stock-based compensation expense was $ 1.0 million, $ 3.7 million and $ 4.6 million for fiscal years 2022, 2021 and 2020, respectively. The Company has two stock-based compensation plans available for granting awards to employees and directors. (1) Long-Term Incentive Compensation Plan (“LTICP”) The LTIP provides for performance stock units (“PSUs”) to be awarded to officers and key employees based on performance goals set by the Compensation Committee of the Board of Directors (the “Committee”). For awards under the LTIP for the three years ending June 30, 2022, 2023, and 2024, participants may earn one -third of the award in each of the three years based on meeting performance goals for that year. T he Committee selected Adjusted Earnings Before Interest and Tax with a defined percentage growth in fiscal years 2022, 2023, and 2024 as the performance metric. In conjunction with each grant of PSUs, the Committee grants RSUs under the 2013 Omnibus Stock Plan that vest at the end of three years . The table below sets forth, as of June 30, 2022, the number of unvested PSUs granted at the target performance level for the 2020-2022, 2021-2023, and 2022-2024 performance periods under the LTIP and the number of unvested RSUs granted in conjunction with the PSUs: Time Based Vest Performance Based Vest Total Weighted average Weighted average Weighted average fair value fair value fair value (shares in thousands) Shares per share Shares per share Shares per share Unvested as of June 30, 2020 44 $ 16.90 44 $ 16.76 88 $ 16.83 Granted 69 12.01 107 12.01 176 12.01 Forfeited ( 6 ) 14.04 ( 9 ) 14.03 ( 15 ) 14.03 Unvested as of June 30, 2021 107 $ 13.89 142 $ 13.36 249 $ 13.59 Granted 27 42.35 41 42.35 68 42.35 Vested ( 42 ) 17.23 — — ( 42 ) 17.23 Forfeited ( 6 ) 38.62 ( 9 ) 38.61 ( 15 ) 38.61 Unvested as of June 30, 2022 86 $ 19.53 174 $ 18.87 260 $ 19.09 Total unrecognized stock-based compensation related to the unvested PSUs at the target performance level and the related unvested RSUs was $ 1.3 million as of June 30, 2022, which is expected to be recognized over a period of 1.1 years. (2) 2013 Omnibus Stock Plan and 2009 Stock Option Plan The 2013 Omnibus Stock Plan is for key employees, officers and directors and provides for the granting of incentive and nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and performance units. No additional stock options can be granted under the 2009 stock option plan. Restricted shares and RSUs A summary of the activity in the Company’s unvested restricted shares and unvested RSUs, not granted in conjunction with PSUs, as of June 30, 2022, is presented below: Weighted average Shares fair value (in thousands) per share Unvested as of June 30, 2020 189 $ 15.24 Granted 28 32.10 Vested ( 158 ) 14.12 Forfeited ( 3 ) 18.10 Unvested as of June 20, 2021 56 $ 26.81 Granted 5 33.78 Vested ( 20 ) 29.46 Forfeited ( 6 ) 24.12 Unvested as of June 20, 2022 35 $ 26.72 Total unrecognized stock-based compensation related to unvested restricted shares and unvested RSUs (not granted in conjunction with the PSUs) was $ 0.35 million as of June 30, 2022, which is expected to be recognized over a weighted average period of 0.9 years. Options The weighted average grant date fair value of stock options granted during fiscal years 2022, 2021, and 2020 were none, $ 6.77 , and $ 1.77 , respectively. The weighted average assumptions used to estimate these fair values were as follows: For the years ended June 30, 2022 2021 2020 Dividend yield — 3.4 % 7.3 % Expected volatility — 43.2 % 34.0 % Risk-free interest rate — 0.6 % 0.9 % Expected life (in years) — 5 5 The expected volatility and expected life are determined based on historical data. The interest rate is based on U.S. Treasury risk-free rate in affect at the date of grant for the periods corresponding with the expected term of options. A summary of the activity of the Company’s stock option plans during the years ended June 30, 2022, 2021 and 2020, is presented below: Weighted Shares Average (in thousands) Exercise Price Outstanding at June 30, 2020 223 $ 23.70 Granted 43 17.93 Exercised ( 27 ) 21.96 Cancelled ( 7 ) 26.14 Outstanding at June 30, 2021 232 $ 21.91 Granted — — Exercised ( 8 ) 15.75 Cancelled ( 9 ) 36.58 Outstanding at June 30, 2022 215 $ 21.50 The following table summarizes information for options outstanding at June 30, 2022: Options Weighted Average Range of Outstanding Remaining Exercise Prices (in thousands) Life (Years) Price $ 9.97 - 15.14 97 7.7 $ 12.64 18.30 - 19.72 12 4.8 18.99 21.96 - 27.57 58 4.8 24.21 31.06 - 32.80 32 3.4 32.30 43.09 - 47.45 16 4.3 45.42 $ 9.97 - 47.45 215 5.9 $ 21.50 Total unrecognized stock-based compensation expense related to options was $ 0.06 million as of June 30, 2022, which is expected to be recognized over a period of 0.7 years. Stock-based compensation granted outside a plan During the quarter ended June 30, 2020, the Company awarded its Chief Financial Officer/Chief Operating Officer 79,000 options outside of any Company stock plans. Total unrecognized stock-based compensation expense related to options awarded outside a plan was $ 0.02 million as of June 30, 2022, which is expected to be recognized over a period of 0.8 years.

Benefit And Retirement Plans

Benefit And Retirement Plans	12 Months Ended
Benefit And Retirement Plans	Jun. 30, 2022
Benefit And Retirement Plans [Abstract]
Benefit And Retirement Plans	12. BENEFIT AND RETIREMENT PLANS Defined Contribution and Retirement Plans The Company sponsors a defined contribution retirement plan, which covers substantially all employees. The Company’s total matching contribution expense was $ 2.0 million, $ 1.0 million, and $ 2.3 million in fiscal years 2022, 2021, and 2020, respectively. Multi-employer Pension Plans The Company contributes to one multi-employer defined benefit pension plan under the terms of collective-bargaining agreements that cover its union-represented employees. The Company’s participation in the current and previously defined benefit pension plans for the annual period ended June 30, 2022, is outlined in the following table. Unless otherwise noted, the most recent Pension Protection Act zone status available in 2022 and 2021 is for the plan’s year-end on December 31, 2021, and 2020, respectively. The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are between 65 percent and 80 percent funded, and plans in the green zone are at least 80 percent funded. Pension Protection Expiration Date Number of Act Zone Status Company Contributions of Collective Company EIN/Pension June 30, Rehabilitation (in thousands) Surcharge Bargaining Employees Pension Fund Plan Number 2022 2021 Plan Status 2022 2021 2020 Imposed Agreement in Plan Central States SE and SW Areas Pension Fund 366044243 Red Red Implemented $ 127 $ 150 $ 157 No 3/31/2025 7 Steelworkers Pension Trust 236648508 Green Green Not applicable — — 279 No Not applicable — Central Pension Fund 366052390 Green Green Not applicable — — 3 No Not applicable — $ 127 $ 150 $ 439 With the closure of the Company’s Dubuque, Iowa and Starkville, Mississippi manufacturing facilities, the collective bargaining agreements for the Steelworkers Pension Trust and Central Pension Fund was terminated as of June 30, 2020. As of June 30, 2022, the Company has withdrawn from the Steelworkers Pension Trust and paid the previously recorded withdrawal liability of $ 1.2 million and recorded an expense reduction of $ 0.2 million for the year ended June 30, 2022, see Note 5 Restructuring .

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Jun. 30, 2022
Commitments and contingencies [Abstract]
Commitments And Contingencies	13. COMMITMENTS AND CONTINGENCIES Environmental Matters – In March 2016, the Company received a General Notice Letter for the Lane Street Groundwater Superfund Site (the “Lane Street Site”) located in Elkhart, Indiana from the U.S. Environmental Protection Agency (EPA). In April 2016, the EPA issued their proposed clean-up plan for groundwater pollution and request for public comment. The Company responded to the request for public comment in May 2016. The EPA issued a Record of Decision selecting a remedy in August 2016 and estimated total costs to remediate of $ 3.6 million. In July 2017, the EPA issued a Special Notice Letter to the Company demanding that the Company perform the remedy selected and pay for the remediation cost and past response costs of $ 5.5 million. On October 12, 2017, the Company, after consultation with its insurance carriers, offered an amount, fully reimbursable by insurance coverage, to the EPA to resolve this matter. On November 6, 2017, the settlement offer extended on October 12, 2017, was rejected. In April 2018, the EPA issued a Unilateral Administrative Order for Remedial Design and Remedial Action (the “Order”) against the Company. The Order was issued under Section 106(a) of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), 42 U.S.C. §9606(a). The Order directs the Company to perform remedial design and remedial action for the Lane Street Site. The Order was to be effective May 29, 2018. To ensure completion of the remediation work, the EPA required the Company to secure financial assurance in the initial amount of $ 3.6 million, which as noted above, is the estimated cost of remedial work. The Company believes that financial assurance is not required because it meets the relevant financial test criteria as provided in the Order. In May 2018, the EPA agreed to suspend enforcement of the Order so that the Company could conduct environmental testing upgradient to its former manufacturing location pursuant to an Administrative Order on Consent (AOC). On April 24, 2019, the Company signed an AOC with the EPA to conduct the upgradient investigation. The Company negotiated site access to the upgradient property over a period of months in 2019, followed by completion of sampling activities on that property on September 28-29, 2019. Following multiple exchanges from November 2019 through early 2020, the Company submitted a final and supplemental report to the EPA regarding the results of the upgradient investigation on June 17, 2020. In April 2021, the Company offered to settle the claim with the EPA for $ 8.5 million. On August 3, 2021, the EPA rejected the offer and then demanded that the Company perform remediation and pay the vast majority of the EPA’s past costs. On September 1, 2021, the Company extended two settlement options to the EPA. The first option is an $ 9.8 million cash out and the second option is estimated to be approximately $ 10.1 million and includes performance of the remedy and full site release. On October 31, 2021, the EPA expressed that the Company’s inclusion of a full site release in our settlement terms was unacceptable because of their need to include standard reopeners. Through an agreement with the EPA, the statute of limitations for potential claims by the EPA was extended through September 30, 2022. Note, the Company reflected a $ 3.6 million liability in the Consolidated Balance Sheets for the fiscal year ended June 30, 2018. Despite the Company’s position that it did not cause nor contribute to the contamination, the Company continues to reflect this liability in the Consolidated Balance Sheets as of June 30, 2022, in accordance with FASB issued Asset Retirement and Environmental Obligations (ASC 410-30) . Employment Matters - On March 22, 2021, the Company received notice of a class action lawsuit filed against Flexsteel Industries, Inc., and J.K. Dittmer and D.P. Schmidt as individuals, by a number of employees who had worked at the Dubuque Operations and Starkville plants prior to the closure of the locations due to the impact of COVID-19 on the business at that period of time. The allegations with the claim include failure to pay employee benefits as required by an ERISA-governed severance plan, failure of J.K. Dittmer and D.P. Schmidt to act with respect to the ERISA-governed severance plan, and failure to provide 60-days’ notice or the equivalent amount of pay to the employees required by the WARN Act when the Company closed the Dubuque and Starkville locations. Flexsteel secured outside counsel for the defense of the claims. With outside counsel’s guidance, a motion to dismiss the ERISA claims against Flexsteel and J.K. Dittmer and D.P. Schmidt was filed with the court on May 3, 2021 and denied by the court on August 5, 2021. The parties participated in a lengthy mediation and on December 3, 2021, agreed to resolve the matter for $ 1.3 million. The Company expects full resolution of this matter after October 2022, and has a net liability on June 30, 2022, of $ 1.3 million, see Note 5 Restructuring. Other Proceedings – From time to time, the Company is subject to various other legal proceedings, including lawsuits, which arise out of, and are incidental to, the conduct of the Company’s business. The Company does not consider any of such other proceedings that are currently pending, individually or in the aggregate, to be material to its business or likely to result in a material effect on its consolidated operating results, financial condition, or cash flows.

Quarterly Financial Information

Quarterly Financial Information - Unaudited	12 Months Ended
Quarterly Financial Information - Unaudited	Jun. 30, 2022
Quarterly Financial Information - Unaudited [Abstract]
Quarterly Financial Information - Unaudited	14. QUARTERLY FINANCIAL INFORMATION – UNAUDITED (in thousands, except per share amounts) For the Quarter Ended September 30 December 31 March 31 June 30 Fiscal 2022: Net sales $ 137,689 $ 141,668 $ 140,408 $ 124,517 Gross margin 23,410 9,527 22,071 17,672 Operating income (loss) 5,873 ( 8,636 ) 5,814 3,566 Net income (loss) 4,353 ( 7,545 ) 5,316 ( 271 ) Earnings (loss) per share: Basic $ 0.64 $ ( 1.13 ) $ 0.84 $ ( 0.05 ) Diluted $ 0.61 $ ( 1.13 ) $ 0.82 $ ( 0.05 ) For the Quarter Ended September 30 December 31 March 31 June 30 Fiscal 2021: Net sales $ 105,239 $ 119,106 $ 118,408 $ 136,172 Gross margin 22,815 24,378 23,124 26,413 Operating income 7,911 9,833 6,352 7,104 Net income 3,879 8,450 4,878 5,841 Earnings per share: Basic $ 0.50 $ 1.17 $ 0.70 $ 0.85 Diluted $ 0.49 $ 1.13 $ 0.67 $ 0.81

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	15. SUBSEQUENT EVENTS There are no subsequent events as of August 26, 2022.

Schedule II_ Valuation And Qual

Schedule II: Valuation And Qualifying Accounts	12 Months Ended
Schedule II: Valuation And Qualifying Accounts	Jun. 30, 2022
Schedule II: Valuation And Qualifying Accounts [Abstract]
Schedule II: Valuation And Qualifying Accounts	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS For the Years Ended June 30, 2022, 2021 and 2020 (in thousands) Balance at Beginning of Year (Additions) Reductions to Income Deductions from Reserves Balance at End of Year Description Accounts Receivable Allowances: 2022 $ 3,240 $ 126 $ ( 386 ) $ 2,980 2021 $ 1,770 $ 1,618 $ ( 148 ) $ 3,240 2020 $ 250 $ 5,214 $ ( 3,694 ) $ 1,770 VAT Allowances: 2022 $ — $ — $ — $ — 2021 $ 237 $ — $ ( 237 ) $ — 2020 $ 2,235 $ — $ ( 1,998 ) $ 237

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
Summary Of Significant Accounting Policies (Policies)	Jun. 30, 2022
Summary Of Significant Accounting Policies [Abstract]
Description Of Business	DESCRIPTION OF BUSINESS – Flexsteel Industries, Inc., and Subsidiaries (the “Company” or “Flexsteel” or “Our”) is one of the largest manufacturers, importers, and online marketers of furniture products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name “Flexsteel” is derived. The Company distributes its products throughout the United States through its e-commerce channel and dealer sales force.
Principles Of Consolidation	PRINCIPLES OF CONSOLIDATION – The consolidated financial statements include the accounts of Flexsteel Industries, Inc. and its wholly owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. The Company’s consolidated financial statements and results of operations are based on consolidated financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) in the United States of America.
Use Of Estimates	USE OF ESTIMATES – The preparation of consolidated financial statements in conformity with GAAP in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Ultimate results could differ from those estimates.
Fair Value	FAIR VALUE – The Company’s cash and cash equivalents, investments, accounts receivable, other current assets, accounts payable and certain accrued liabilities are carried at amounts which reasonably approximate their fair value due to their short-term nature. GAAP on fair value measurement for certain financial assets and liabilities require that each asset and liability carried at fair value be classified into one of the following categories: Level 1: Quoted market prices in active markets for identical assets and liabilities; Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data; or Level 3: Unobservable inputs that are not corroborated by market data. The Company has not changed its valuation techniques in measuring the fair value of any financial assets and liabilities during the period.
Allowance for credit loss	ALLOWANCE FOR CREDIT LOSSES – The Company establishes an allowance for credit losses to reduce trade accounts receivable to an amount that reasonably approximates their net realizable value. The Company’s allowance for credit losses is established through review of open accounts, historical collection, and historical write-off amounts. The amount ultimately realized from trade accounts receivable may differ from the amount estimated in the consolidated financial statements.
Inventories	INVENTORIES – are stated at the lower of cost or net realizable value utilizing the first - in - first - out (“FIFO”) method.
Property, Plant And Equipment	PROPERTY, PLANT AND EQUIPMENT – is stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets.
Valuation Of Long-Lived Assets	VALUATION OF LONG–LIVED ASSETS – The Company periodically reviews the carrying value of long-lived assets and estimated depreciable or amortizable lives for continued appropriateness. This review is based upon projections of anticipated future cash flows and is performed whenever events or changes in circumstances indicate that asset carrying values may not be recoverable or that the estimated depreciable or amortizable lives may have changed. For assets held for sale, if the net book value of the asset is greater than its estimated fair value less cost to sell, an impairment is recorded for the excess of net book value over estimated fair value less cost to sell.
Assets Held For Sale	ASSETS HELD FOR SALE – Assets held for sale represent land, buildings, machinery and equipment for locations that have met the criteria of “held for sale” accounting, as specified by Accounting Standards Codification (“ASC”) 360, “Property, Plant, and Equipment.” Once an asset is classified as held for sale, the Company ceases deprecating the asset. The assets held for sale are being marketed for sale and it is the Company’s intention to complete the sale of the assets within the upcoming year.
Restructuring Costs	RESTRUCTURING COSTS - The Company groups exit or disposal cost obligations into three categories: Involuntary employee termination benefits, costs to terminate contracts, and other associated costs. Involuntary employee termination benefits must be a one-time benefit, and this element of restructuring cost is recognized as incurred upon communication of the plan to the identified employees. Costs to terminate contracts are recognized upon termination agreement with the provider. Other associated restructuring costs are expensed as incurred. Any inventory impairment costs as a result of restructuring activities are accounted for as cost of goods sold.
Leases	LEASES – The Company accounts for its leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASC 842”). ASC 842 requires lessees to (i) recognize a right of use asset (“ROU asset”) and a lease liability that is measured at the present value of the remaining lease payments, on the consolidated balance sheets, (ii) recognize a single lease cost, calculated over the lease term on a straight-line basis and (iii) classify lease related cash payments within operating and financing activities. The Company has made an accounting policy election to not recognize short-term leases on the consolidated balance sheets and all non-lease components, such as common area maintenance, were excluded. See Note 2, Leases , for the Company’s lease disclosures.
Warranty	WARRANTY – The Company estimates the amount of warranty claims on sold product that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance.
Revenue Recognition	REVENUE RECOGNITION – Revenue is recognized when control of the promised goods or services is transferred to our customers in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. We generate revenue primarily by manufacturing and delivering furniture products to independent furniture retailers in the United States. Each unit of furniture is a separate performance obligation. We satisfy our performance obligations when control of our product is passed to our customer, which is the point in time that our customers are able to direct the use of and obtain substantially all of the remaining economic benefit of the goods or services. Net sales consist of product sales and outbound shipping and handling charges for customer deliveries, net of adjustments for returns and allowances. Shipping and handling costs are included in cost of goods sold. The Company’s revenues result from the sale of goods and reflect the consideration to which the Company expects to be entitled. Revenue is reduced by appropriate allowances, estimated returns, price concessions, or similar adjustments as applicable. The Company records revenue based on a five-step model in accordance with ASC 2014-09, Revenue from Contracts with Customers ( Topic 606 ). For its customer contracts, typically purchase orders, the Company identifies the performance obligations (goods), determines the transaction price, allocates the contract transaction price to the performance obligations, and recognizes the revenue when the performance obligation is transferred to the customer. A good is transferred when the customer obtains control of that good and risk of loss transfers at a point in time. Provisions for customer volume rebates, product returns, discounts, and allowances are variable considerations and are recorded as a reduction of revenue in the same period the related sales are recorded. Such provisions are calculated based upon historical data and discount percentages, set with each customer. Consideration given to customers for cooperative advertising is recognized as a reduction of revenue except to the extent there is a distinct good or service and evidence of the fair value of the advertising, in which case the expense is classified as selling, general and administrative expense (SG&A). The Company has a limited lifetime warranty on all products. The Company does not offer the option to purchase warranties. The Company accounts for warranties under ASC 460, Guarantees , and not as variable consideration related to revenue. Occasionally, the Company receives deposits from customers before it has transferred control of the product to customers, resulting in contract liabilities. These contract liabilities are reported within “Accounts payable - trade” in the consolidated balance sheets. As of June 30, 2022, the Company had $ 0.09 million of customer deposits. As of June 30, 2021, the Company had $ 0.16 million of customer deposits. The Company follows the following practical expedients and policy elections:  The Company does not adjust contract prices for the effects of a significant financing component, as it expects the period when the goods or services are transferred to the customer and when the customer pays for those goods and services to be less than a year.  Costs for outbound shipping and handling activities that occur after the product is received in the Company’s distribution centers, but before the customer obtains control of the product are accounted for as fulfillment activities. Accordingly, these expenses are recorded at the same time the Company recognizes revenue. Inbound shipping and handling activities incurred to transport product to the Company’s distribution centers is expensed when the product is received by the Company, unless there are revenue surcharges to recover such costs, in which case these expenses are recorded at the same time the Company recognizes revenue.  Incremental costs of obtaining a contract, specifically commissions, are recorded as an SG&A expense when incurred.  All taxes imposed on and concurrent with revenue-producing transactions and collected by the Company from a customer, including sales, use, excise, and franchise taxes are excluded from the measurement of the transaction price. The following table disaggregates the Company’s net sales by product category: For the years ended June 30, (in thousands) 2022 2021 2020 Residential $ 543,447 $ 476,519 $ 331,879 Contract 835 2,406 35,047 $ 544,282 $ 478,925 $ 366,926
Advertising Costs	ADVERTISING COSTS – are charged to selling, general and administrative expenses in the periods incurred. The Company conducts no direct-response advertising programs and there are no assets related to advertising recorded on the consolidated balance sheets. Advertising expenditures, primarily shared customer advertising in which an identifiable benefit is received and national trade-advertising programs, were approximately $ 5.8 million, $ 3.9 million, and $ 3.4 million in fiscal years 2022, 2021, and 2020, respectively.
Credit Losses	CREDIT LOSSES – In June 2016, the Financial Accounting Standards Board (“FASB“) issued ASU 2016-13 “Financial Instruments - Credit Losses (“Topic 326”)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. Effective July 1, 2020, the Company adopted Topic 326 and there was no impact to the Company’s financial statements.
Design, Research And Development Costs	DESIGN, RESEARCH, AND DEVELOPMENT COSTS – are charged to selling, general and administrative expenses in the periods incurred. Expenditures for design, research, and development costs were approximately $ 2.9 million, $ 1.9 million, and $ 4.0 million in fiscal years 2022, 2021, and 2020, respectively.
Insurance	INSURANCE – The Company is self-insured for health care and most workers’ compensation up to predetermined amounts above which third-party insurance applies. The Company purchases specific stop-loss insurance for individual health care claims in excess of $ 175,000 per plan year. For workers’ compensation, the Company retains the first $ 250,000 per claim and purchases excess coverage up to the statutory limits for amounts in excess of the retention limit. Losses are accrued based upon the Company’s estimates of the aggregate liability for claims incurred using certain actuarial assumptions followed in the insurance industry and based on Company experience. The Company records these insurance accruals within “Accrued liabilities – insurance” on the consolidated balance sheets.
Income Taxes	INCOME TAXES – The Company uses the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company recognizes in its financial statements the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. In December 2019, the FASB issued ASU 2019 - 12 “Income Taxes Simplifying the Accounting for Income Taxes (Topic 740)” as part of its initiative to reduce complexity in the accounting standards. The amendments in ASU 2019 - 12 eliminate certain exceptions related to the approach for interim period tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences.
Earnings Per Share (EPS)	EARNINGS PER SHARE (EPS) – Basic EPS of common stock is based on the weighted-average number of common shares outstanding during each fiscal year. Diluted EPS of common stock includes the dilutive effect of potential common shares outstanding. The Company’s potential common shares outstanding are stock options, shares associated with the long-term management incentive compensation plan and non-vested restricted shares. The Company calculates the dilutive effect of outstanding options using the treasury stock method; all options are anti-dilutive when there is a loss. Anti-dilutive shares are not included in the computation of diluted EPS when their exercise price was greater than the average closing market price of the common shares. The Company calculates the dilutive effect of shares related to the long-term management incentive compensation plan and non-vested shares based on the number of shares, if any, that would be issuable if the end of the fiscal year were the end of the contingency period. In computing EPS, net income as reported for each respective period is divided by the fully diluted weighted average number of shares outstanding: June 30, (in thousands) 2022 2021 2020 Basic shares 6,329 7,200 7,956 Potential common shares: Stock options 113 151 - Long-term incentive plan 61 117 - 174 268 - Diluted shares 6,503 7,468 7,956 Anti-dilutive shares 67 671 634
Stock-Based Compensation	STOCK–BASED COMPENSATION – The Company recognizes compensation expense related to the cost of employee services received in exchange for Company equity interests based on the award’s fair value at the date of grant. The Company recognizes long-term incentive compensation plan expenses during the three-year performance periods; stock awards are issued following the end of the performance periods and are subject to verification of results and the Compensation Committee of the Board of Directors approval. See Note 11, Stock-Based Compensation .
Segment Reporting	SEGMENT REPORTING – The Company operates in one reportable segment, furniture products. The Company’s operations involve the distribution of manufactured and imported furniture for residential and contract markets. The Company’s furniture products are sold primarily throughout the United States and Canada by the Company’s internal sales force and various independent representatives. The Company makes minimal export sales. No single customer accounted for more than 10% of net sales.
Treasury Stock	TREASURY STOCK – Treasury stock purchases are stated at cost and presented as a reduction of equity on the consolidated balance sheets. On June 1, 2020, the Company’s Board of Directors authorized a $ 6 million share repurchase program through June 9, 2021. On August 20, 2020, the Company’s Board of Directors authorized an additional $ 8 million share repurchase program to begin on September 4, 2020, through September 3, 2021. On October 22, 2020, the Company’s Board of Directors authorized another $ 30 million share repurchase program through October 29, 2023. On January 20, 2022, the Board of Directors approved a new repurchase program authorizing the Company to purchase up to an additional $ 30 million of the Company’s common stock through January 19, 2025. As of October 31, 2020, the $ 6 million and $ 8 million repurchase programs were completed. The Company completed the share repurchases of the October 22, 2020, plan in February 2022. As of June 30, 2022, the Company has purchased a total of 2,890,453 shares at a cost of $ 66.4 million under the four programs and has $ 7.5 million remaining in the January 2022, $ 30 million share repurchase program.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
Summary Of Significant Accounting Policies (Tables)	Jun. 30, 2022
Summary Of Significant Accounting Policies [Abstract]
Disaggregation Of Net Sales By Product Category	For the years ended June 30, (in thousands) 2022 2021 2020 Residential $ 543,447 $ 476,519 $ 331,879 Contract 835 2,406 35,047 $ 544,282 $ 478,925 $ 366,926
Schedule Of Earnings Per Share, Basic And Diluted	June 30, (in thousands) 2022 2021 2020 Basic shares 6,329 7,200 7,956 Potential common shares: Stock options 113 151 - Long-term incentive plan 61 117 - 174 268 - Diluted shares 6,503 7,468 7,956 Anti-dilutive shares 67 671 634

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Jun. 30, 2022
Leases [Abstract]
Components Of Leases	(in thousands) June 30, 2022 June 30, 2021 Operating lease expense $ 6,804 $ 4,790 Variable lease expense 1,069 301 Total lease expense $ 7,873 $ 5,091
Other information related to leases and future minimum lease payments under non-cancellable operating leases	Fiscal year June 30, 2022 June 30, 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,612 $ 4,511 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 16,814 $ 22,770 Weighted-average remaining lease term (in years): Operating leases 5.2 4.5 Weighted-average discount rate: Operating leases 3.2 % 3.2 % Fiscal year June 30, 2022 June 30, 2021 (in thousands) Within one year $ 7,458 $ 6,790 After one year and within two years 6,251 5,858 After two years and within three years 4,521 4,551 After three years and within four years 4,205 2,807 After four years and within five years 4,278 2,457 After five years 18,231 11,894 Total future minimum lease payments $ 44,944 $ 34,357 Less – Discount 4,591 4,207 Lease liability $ 40,353 $ 30,150

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Jun. 30, 2022
Inventories [Abstract]
Comparison Of Inventories	June 30, (in thousands) 2022 2021 Raw materials $ 16,405 $ 22,500 Work in process and finished parts 5,534 6,234 Finished goods 119,273 132,391 Total $ 141,212 $ 161,125

Property, Plant And Equipment (

Property, Plant And Equipment (Tables)	12 Months Ended
Property, Plant And Equipment (Tables)	Jun. 30, 2022
Property, Plant And Equipment [Abstract]
Schedule Of Property, Plant And Equipment	Estimated June 30, (in thousands) Life (Years) 2022 2021 Land $ 3,457 $ 3,457 Buildings and improvements 5 - 39 49,114 49,166 Machinery and equipment 3 - 7 17,684 17,038 Delivery equipment 3 - 5 2,979 3,203 Furniture and fixtures 3 - 7 3,599 3,628 Computer software and hardware 3 - 10 8,717 12,058 Construction in progress 3,023 377 Total 88,573 88,927 Less accumulated depreciation ( 50,030 ) ( 49,144 ) Net $ 38,543 $ 39,783

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
Restructuring (Tables)	Jun. 30, 2022
Restructuring [Abstract]
Summary Of Restructuring Costs	For the years ended June 30, (in thousands) 2022 2021 2020 Inventory impairment $ — $ 45 $ 3,241 One-time employee termination benefits ( 211 ) 433 2,455 Contract (recoveries) termination costs — — ( 58 ) Fixed asset impairments — — 17,482 Other associated costs 941 2,989 14,343 Total restructuring and related expenses $ 730 $ 3,467 $ 37,463 Reported as: Cost of goods sold $ — $ 45 $ 3,241 Operating expenses $ 730 $ 3,422 $ 34,222
Roll-forward of the accrued restructuring costs	One-time Employee Contract Other Inventory Termination Termination Associated (in thousands) Impairment Benefits Costs Costs Total Accrual balance at June 30, 2020 $ — $ 1,613 $ 110 $ 238 $ 1,961 Costs incurred 45 433 — 2,989 3,467 Expenses paid — ( 414 ) ( 110 ) ( 3,207 ) ( 3,731 ) Non-cash ( 45 ) ( 130 ) — — ( 175 ) Accrual balance at June 30, 2021 $ — $ 1,502 $ — $ 20 $ 1,522 Costs incurred — ( 211 ) — 941 730 Expenses paid — ( 16 ) — ( 946 ) ( 962 ) Accrual balance at June 30, 2022 $ — $ 1,275 $ — $ 15 $ 1,290

Assets Held For Sale (Tables)

Assets Held For Sale (Tables)	12 Months Ended
Assets Held For Sale (Tables)	Jun. 30, 2022
Assets Held For Sale [Abstract]
Summary Of Assets Held For Sale	Accumulated Net Book Location Asset Category Cost Depreciation Value (in thousands) Starkville, Mississippi Building & building improvements $ 4,615 $ ( 4,254 ) $ 361 Land & land improvements 694 ( 439 ) 255 $ 5,309 $ ( 4,693 ) $ 616

Other Noncurrent Assets (Tables

Other Noncurrent Assets (Tables)	12 Months Ended
Other Noncurrent Assets (Tables)	Jun. 30, 2022
Other Noncurrent Assets [Abstract]
Schedule Of Other Noncurrent Assets	June 30, (in thousands) 2022 2021 Cash value of life insurance $ 1,052 $ 1,042 Other 889 357 Total $ 1,941 $ 1,399

Accrued Liabilities - Other (Ta

Accrued Liabilities - Other (Tables)	12 Months Ended
Accrued Liabilities - Other (Tables)	Jun. 30, 2022
Accrued Liabilities - Other [Abstract]
Schedule Of Accrued Liabilities - Other	June 30, (in thousands) 2022 2021 Dividends $ 972 $ 1,165 Warranty 1,047 805 Purchase commitments 1,734 184 Income taxes 1,513 472 Other 3,398 2,507 Total $ 8,664 $ 5,133

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jun. 30, 2022
Income Taxes [Abstract]
Components Of Income (Loss) Before Income Taxes	(in thousands) 2022 2021 2020 United States $ 2,151 $ 33,353 $ ( 32,395 ) Outside the United States 3,752 ( 1,886 ) ( 1,362 ) Income (loss) before income taxes $ 5,903 $ 31,467 $ ( 33,757 )
Income tax benefit (provision)	(in thousands) 2022 2021 2020 Federal - current $ ( 2,966 ) $ ( 5,480 ) $ 12,668 State and other - current ( 1,084 ) ( 828 ) ( 302 ) Deferred — ( 2,111 ) ( 5,453 ) Total $ ( 4,050 ) $ ( 8,419 ) $ 6,913
Reconciliation Between The U.S. Federal Statutory Tax Rate And The Effective Tax Rate	2022 2021 2020 Federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal effect ( 0.7 ) 4.0 3.3 Foreign rate differential 5.7 2.8 — Uncertain tax positions ( 2.6 ) — — Stock based compensation ( 1.0 ) ( 1.4 ) — Section 162(m) 1.9 — — Foreign adjustments ( 8.9 ) — — Deferred adjustments — 4.0 — Remeasurement of deferred tax assets and valuation allowance 42.8 ( 3.7 ) ( 20.0 ) Amended return impacts 7.8 — — State rate change 2.7 — — Tax rate change on net operating loss carryback related to CARES Act — — 17.2 Other ( 0.1 ) 0.1 ( 1.0 ) Effective tax rate 68.6 % 26.8 % 20.5 %
Components Of The Gross Liabilities Related To Unrecognized Tax Benefits And The Related Deferred Tax Assets	June 30, (in thousands) 2022 2021 Gross unrecognized tax benefits $ 604 $ 640 Accrued interest and penalties 189 195 Gross liabilities related to unrecognized tax benefits $ 793 $ 835 Deferred tax assets 84 155 Valuation allowance ( 84 ) ( 155 ) Net deferred tax assets $ — $ —
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits	(in thousands) 2022 2021 2020 Balance at July 1 $ 640 $ 380 $ 380 Reductions for tax positions of the prior year ( 72 ) — — Additions based on tax positions related to the current year 70 260 — Lapse of Statute of Limitations ( 188 ) — — Addition for tax positions of the prior year 154 — — Balance at June 30 $ 604 $ 640 $ 380
Primary Components Of Deferred Tax Assets And (Liabilities)	June 30, (in thousands) 2022 2021 Accounts receivable $ 739 $ 825 Inventory 2,448 769 Self-insurance 34 35 Payroll and related 740 817 Accrued liabilities 2,003 1,403 Property, plant, and equipment 742 ( 76 ) Investment tax credit 1,894 2,158 Valuation allowance ( 9,838 ) ( 7,312 ) Net operating loss carryover 494 388 Lease assets ( 10,468 ) ( 7,870 ) Lease liabilities 11,067 8,708 Other 145 155 Total $ — $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Fair Value Of Options, Weighted Average Assumptions	For the years ended June 30, 2022 2021 2020 Dividend yield — 3.4 % 7.3 % Expected volatility — 43.2 % 34.0 % Risk-free interest rate — 0.6 % 0.9 % Expected life (in years) — 5 5
Schedule Of Stock Option Plans	Weighted Shares Average (in thousands) Exercise Price Outstanding at June 30, 2020 223 $ 23.70 Granted 43 17.93 Exercised ( 27 ) 21.96 Cancelled ( 7 ) 26.14 Outstanding at June 30, 2021 232 $ 21.91 Granted — — Exercised ( 8 ) 15.75 Cancelled ( 9 ) 36.58 Outstanding at June 30, 2022 215 $ 21.50
Schedule Of Options Outstanding And Exercisable	Options Weighted Average Range of Outstanding Remaining Exercise Prices (in thousands) Life (Years) Price $ 9.97 - 15.14 97 7.7 $ 12.64 18.30 - 19.72 12 4.8 18.99 21.96 - 27.57 58 4.8 24.21 31.06 - 32.80 32 3.4 32.30 43.09 - 47.45 16 4.3 45.42 $ 9.97 - 47.45 215 5.9 $ 21.50
Restricted Shares And RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Unvested Shares	Weighted average Shares fair value (in thousands) per share Unvested as of June 30, 2020 189 $ 15.24 Granted 28 32.10 Vested ( 158 ) 14.12 Forfeited ( 3 ) 18.10 Unvested as of June 20, 2021 56 $ 26.81 Granted 5 33.78 Vested ( 20 ) 29.46 Forfeited ( 6 ) 24.12 Unvested as of June 20, 2022 35 $ 26.72
Long-Term Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Unvested Shares	Time Based Vest Performance Based Vest Total Weighted average Weighted average Weighted average fair value fair value fair value (shares in thousands) Shares per share Shares per share Shares per share Unvested as of June 30, 2020 44 $ 16.90 44 $ 16.76 88 $ 16.83 Granted 69 12.01 107 12.01 176 12.01 Forfeited ( 6 ) 14.04 ( 9 ) 14.03 ( 15 ) 14.03 Unvested as of June 30, 2021 107 $ 13.89 142 $ 13.36 249 $ 13.59 Granted 27 42.35 41 42.35 68 42.35 Vested ( 42 ) 17.23 — — ( 42 ) 17.23 Forfeited ( 6 ) 38.62 ( 9 ) 38.61 ( 15 ) 38.61 Unvested as of June 30, 2022 86 $ 19.53 174 $ 18.87 260 $ 19.09

Benefit And Retirement Plans (T

Benefit And Retirement Plans (Tables)	12 Months Ended
Benefit And Retirement Plans (Tables)	Jun. 30, 2022
Benefit And Retirement Plans [Abstract]
Schedule Of Multiemployer Plans	Pension Protection Expiration Date Number of Act Zone Status Company Contributions of Collective Company EIN/Pension June 30, Rehabilitation (in thousands) Surcharge Bargaining Employees Pension Fund Plan Number 2022 2021 Plan Status 2022 2021 2020 Imposed Agreement in Plan Central States SE and SW Areas Pension Fund 366044243 Red Red Implemented $ 127 $ 150 $ 157 No 3/31/2025 7 Steelworkers Pension Trust 236648508 Green Green Not applicable — — 279 No Not applicable — Central Pension Fund 366052390 Green Green Not applicable — — 3 No Not applicable — $ 127 $ 150 $ 439

Quarterly Financial Informati_2

Quarterly Financial Information - Unaudited (Tables)	12 Months Ended
Quarterly Financial Information - Unaudited (Tables)	Jun. 30, 2022
Quarterly Financial Information - Unaudited [Abstract]
Quarterly Financial Information	(in thousands, except per share amounts) For the Quarter Ended September 30 December 31 March 31 June 30 Fiscal 2022: Net sales $ 137,689 $ 141,668 $ 140,408 $ 124,517 Gross margin 23,410 9,527 22,071 17,672 Operating income (loss) 5,873 ( 8,636 ) 5,814 3,566 Net income (loss) 4,353 ( 7,545 ) 5,316 ( 271 ) Earnings (loss) per share: Basic $ 0.64 $ ( 1.13 ) $ 0.84 $ ( 0.05 ) Diluted $ 0.61 $ ( 1.13 ) $ 0.82 $ ( 0.05 ) For the Quarter Ended September 30 December 31 March 31 June 30 Fiscal 2021: Net sales $ 105,239 $ 119,106 $ 118,408 $ 136,172 Gross margin 22,815 24,378 23,124 26,413 Operating income 7,911 9,833 6,352 7,104 Net income 3,879 8,450 4,878 5,841 Earnings per share: Basic $ 0.50 $ 1.17 $ 0.70 $ 0.85 Diluted $ 0.49 $ 1.13 $ 0.67 $ 0.81

Summary Of Significant Accoun_4

Summary Of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2022 USD ($) item segment shares	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($)	Jan. 20, 2022 USD ($)	Oct. 22, 2020 USD ($)	Oct. 20, 2020 USD ($)	Aug. 20, 2020 USD ($)	Jun. 01, 2020 USD ($)
Finite-Lived Intangible Assets [Line Items]
Remaining operating lease terms	5 years 2 months 12 days	4 years 6 months
Customer deposits	$ 90	$ 160
Advertising expenditures	5,800	3,900	$ 3,400
Design, research and development costs	2,900	1,900	4,000
Health care claims threshold for third party insurance	175
Workers' compensation threshold for third party insurance	$ 250
Number of customer with more than 10% net sales \| item	0
Number of reportable segment \| segment	1
Share repurchase	$ 30,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	7,500
Treasury Stock, Value, Acquired, Cost Method	35,052	29,757	$ 1,563
Treasury Stock, Value	$ 66,372	$ 31,320
Treasury Stock, Shares \| shares	2,890,453	1,284,000
Share repurchase program through January 19, 2025 [Member]
Finite-Lived Intangible Assets [Line Items]
Share repurchase				$ 30,000
Share repurchase program through June 9, 2021 [Member]
Finite-Lived Intangible Assets [Line Items]
Share repurchase								$ 6,000
Treasury Stock, Value						$ 6,000
Share repurchase program September 4, 2020, through September 3, 2021 [Member]
Finite-Lived Intangible Assets [Line Items]
Share repurchase							$ 8,000
Treasury Stock, Value						$ 8,000
Share repurchase program through October 29, 2023 [Member]
Finite-Lived Intangible Assets [Line Items]
Share repurchase					$ 30,000

Summary Of Significant Accoun_5

Summary Of Significant Accounting Policies (Disaggregation Of Net Sales By Product Category) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Net sales	$ 124,517	$ 140,408	$ 141,668	$ 137,689	$ 136,172	$ 118,408	$ 119,106	$ 105,239	$ 544,282	$ 478,925	$ 366,926
Residential [Member]
Net sales									543,447	476,519	331,879
Contract[Member]
Net sales									$ 835	$ 2,406	$ 35,047

Summary Of Significant Accoun_6

Summary Of Significant Accounting Policies (Computation of Earnings Per Share) (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Summary Of Significant Accounting Policies [Abstract]
Basic shares	6,329	7,200	7,956
Stock options	113	151
Long-term incentive plan	61	117
Potential common shares, total	174	268
Diluted shares	6,503	7,468	7,956
Anti-dilutive shares	67	671	634

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	12 Months Ended
Leases (Narrative) (Details) $ in Millions	Jun. 30, 2022 USD ($)	Aug. 20, 2021 ft²
Short-term Debt [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Option to Extend	options for two five-year extensions
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	12 years
Lessee, Operating Lease, Lease Not yet Commenced, Renewal Term	5 years
Annual base rent \| $	$ 3.2
Mexicali, Mexico [Member]
Short-term Debt [Line Items]
Area of Real Estate Property \| ft²		507,830

Leases (Components Of Leases) (

Leases (Components Of Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease expense	$ 6,804	$ 4,790
Variable lease expense	1,069	301
Total lease expense	$ 7,873	$ 5,091

Leases (Other Lease Information

Leases (Other Lease Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 6,612	$ 4,511	$ 4,060
Right-of-use assets obtained in exchange for lease liabilities: Operating leases	$ 16,814	$ 22,770	$ 3,573
Weighted-average remaining lease term (in years): Operating leases	5 years 2 months 12 days	4 years 6 months
Weighted-average discount rate: Operating leases	3.20%	3.20%

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Within one year	$ 7,458	$ 6,790
After one year and within two years	6,251	5,858
After two years and within three years	4,521	4,551
After three years and within four years	4,205	2,807
After four years and within five years	4,278	2,457
After five years	18,231	11,894
Total future minimum lease payments	44,944	34,357
Less - Discount	4,591	4,207
Lease liability	$ 40,353	$ 30,150

Inventories (Comparison Of Inve

Inventories (Comparison Of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Inventories [Abstract]
Raw materials	$ 16,405	$ 22,500
Work in process and finished parts	5,534	6,234
Finished goods	119,273	132,391
Total	$ 141,212	$ 161,125

Property, Plant And Equipment_2

Property, Plant And Equipment (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Property, Plant And Equipment [Abstract]
Dubuque and Starkville property, plant and equipment impairment	$ 0	$ 0	$ 17,482,000

Property, Plant And Equipment_3

Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Total	$ 88,573	$ 88,927
Less accumulated depreciation	(50,030)	(49,144)
Net	38,543	39,783
Land [Member]
Property, Plant and Equipment [Line Items]
Total	3,457	3,457
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Total	49,114	49,166
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	17,684	17,038
Delivery Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	2,979	3,203
Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	3,599	3,628
Computer Software And Hardware [Member]
Property, Plant and Equipment [Line Items]
Total	8,717	12,058
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total	$ 3,023	$ 377
Minimum [Member] \| Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	5 years
Minimum [Member] \| Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Minimum [Member] \| Delivery Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Minimum [Member] \| Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Minimum [Member] \| Computer Software And Hardware [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	3 years
Maximum [Member] \| Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	39 years
Maximum [Member] \| Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	7 years
Maximum [Member] \| Delivery Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	5 years
Maximum [Member] \| Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	7 years
Maximum [Member] \| Computer Software And Hardware [Member]
Property, Plant and Equipment [Line Items]
Estimated Life (Years)	10 years

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	$ 1,290	$ 1,522	$ 1,961
Restructuring Charges	730	3,422	34,222
Expense reduction	(200)
Commercial Office And Custom-Designed Hospitality Product Lines [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	59,400
Minimum [Member] \| Commercial Office And Custom-Designed Hospitality Product Lines [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	60,000
One-time Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	1,275	$ 1,502	$ 1,613
Expense reduction	(200)
Settlement agreement	$ 400

Restructuring (Summary Of Restr

Restructuring (Summary Of Restructuring Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 730	$ 3,467	$ 37,463
Cost Of Goods Sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		45	3,241
Operating Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	730	3,422	34,222
Inventory Impairment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		45	3,241
One-time Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(211)	433	2,455
Contract (recoveries) termination costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs			(58)
Fixed Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs			17,482
Other Associated Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 941	$ 2,989	$ 14,343

Restructuring (Roll Forward of

Restructuring (Roll Forward of Accrued Restructuring Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning balance	$ 1,522	$ 1,961
Costs incurred	730	3,467	$ 37,463
Expenses (paid)	(962)	(3,731)
Non-cash		(175)
Accrual, Ending balance	1,290	1,522	1,961
Inventory Impairment [Member]
Restructuring Cost and Reserve [Line Items]
Costs incurred		45	3,241
Non-cash		(45)
One-time Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning balance	1,502	1,613
Costs incurred	(211)	433	2,455
Expenses (paid)	(16)	(414)
Non-cash		(130)
Accrual, Ending balance	1,275	1,502	1,613
Contract (recoveries) termination costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning balance		110
Costs incurred			(58)
Expenses (paid)		(110)
Accrual, Ending balance			110
Fixed Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Costs incurred			17,482
Other Associated Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning balance	20	238
Costs incurred	941	2,989	14,343
Expenses (paid)	(946)	(3,207)
Accrual, Ending balance	$ 15	$ 20	$ 238

Assets Held For Sale (Summary O

Assets Held For Sale (Summary Of Assets Held For Sale) (Details) - Disposal Group, Held-for-sale, Not Discontinued Operations [Member] $ in Thousands	Jun. 30, 2022 USD ($)
Long Lived Assets Held-for-sale [Line Items]
Cost	$ 5,309
Accumulated Depreciation	(4,693)
Net Book Value	616
Buildings and improvements [Member] \| Starkville, Mississippi [Member]
Long Lived Assets Held-for-sale [Line Items]
Cost	4,615
Accumulated Depreciation	(4,254)
Net Book Value	361
Land and Land Improvements [Member] \| Starkville, Mississippi [Member]
Long Lived Assets Held-for-sale [Line Items]
Cost	694
Accumulated Depreciation	(439)
Net Book Value	$ 255

Other Noncurrent Assets (Detail

Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Other Noncurrent Assets [Abstract]
Cash value of life insurance	$ 1,052	$ 1,042
Other	889	357
Total	$ 1,941	$ 1,399

Accrued Liabilities - Other (De

Accrued Liabilities - Other (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Accrued Liabilities - Other [Abstract]
Dividends	$ 972	$ 1,165
Warranty	1,047	805
Purchase commitments	1,734	184
Income taxes	1,513	472
Other	3,398	2,507
Total	$ 8,664	$ 5,133

Credit Arrangements (Narrative)

Credit Arrangements (Narrative) (Details) $ in Millions			12 Months Ended
Credit Arrangements (Narrative) (Details) $ in Millions	Sep. 08, 2021 USD ($)	Aug. 28, 2020 USD ($)	Jun. 30, 2022 USD ($)
Short-term Debt [Line Items]
Letters of credit outstanding			$ 1.1
Wells Fargo Bank N.A. [Member]
Short-term Debt [Line Items]
Debt term			5 years
Wells Fargo Bank N.A. [Member] \| Maximum [Member]
Short-term Debt [Line Items]
Credit agreement capacity	$ 85
Wells Fargo Bank N.A. [Member] \| Letter Of Credit [Member] \| Maximum [Member]
Short-term Debt [Line Items]
Credit agreement capacity	$ 5
Secured Credit Agreement [Member]
Short-term Debt [Line Items]
Interest rate	1.50%
Line of credit outstanding			$ 37.7
Letters of credit outstanding	$ 1.2
Secured Credit Agreement [Member] \| Dubuque Bank and Trust Company [Member]
Short-term Debt [Line Items]
Credit agreement capacity		$ 25
Basis spread on interest rate		1.50%
Debt term			2 years
Secured Credit Agreement [Member] \| Dubuque Bank and Trust Company [Member] \| Minimum [Member]
Short-term Debt [Line Items]
Interest rate		3%
Secured Credit Agreement [Member] \| Wells Fargo Bank N.A. [Member]
Short-term Debt [Line Items]
Effective interest rate			3.04%
Fixed coverage ratio			1
Secured Credit Agreement [Member] \| Wells Fargo Bank N.A. [Member] \| Libor Plus [Member]
Short-term Debt [Line Items]
Basis spread on interest rate	1.25%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Tax Credit Carryforward [Line Items]
Effective federal statutory income tax rate	21%	21%	21%	35%
Valuation allowance	$ 9,838	$ 7,312
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	$ 400	$ 600
Effective Income Tax Rate, Continuing Operations	68.60%	26.80%	20.50%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	42.80%	(3.70%)	(20.00%)
Tax Year 2019 [Member]
Tax Credit Carryforward [Line Items]
Income tax receivable	$ 8,200
Tax Year 2020 [Member]
Tax Credit Carryforward [Line Items]
Income tax receivable	4,500
Federal [Member]
Tax Credit Carryforward [Line Items]
Valuation allowance	9,800
State [Member]
Tax Credit Carryforward [Line Items]
NOL carryforward	500
Certain State Tax Credit Carryforward [Member]
Tax Credit Carryforward [Line Items]
Tax credit carryforward	2,400
Expiring Between 2022 And 2029 [Member]
Tax Credit Carryforward [Line Items]
Tax credit carryforward	300
Indefinite Carryforward [Member]
Tax Credit Carryforward [Line Items]
Tax credit carryforward	$ 1,600
Minimum [Member]
Tax Credit Carryforward [Line Items]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2025
Maximum [Member]
Tax Credit Carryforward [Line Items]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2040

Income Taxes (Components Of Inc

Income Taxes (Components Of Income (Loss) Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Taxes [Abstract]
United States	$ 2,151	$ 33,353	$ (32,395)
Outside the United States	3,752	(1,886)	(1,362)
Income (loss) before income taxes	$ 5,903	$ 31,467	$ (33,757)

Income Taxes (Income Tax Benefi

Income Taxes (Income Tax Benefit (Provision)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Taxes [Abstract]
Federal - current	$ (2,966)	$ (5,480)	$ 12,668
State and other - current	(1,084)	(828)	(302)
Deferred		(2,111)	(5,453)
Total	$ (4,050)	$ (8,419)	$ 6,913

Income Taxes (Reconciliation Be

Income Taxes (Reconciliation Between The U.S. Federal Statutory Tax Rate And The Effective Tax Rate) (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Income Taxes [Abstract]
Federal statutory tax rate	21%	21%	21%	35%
State taxes, net of federal effect	(0.70%)	4%	3.30%
Foreign rate differential	5.70%	2.80%
Uncertain tax positions	(2.60%)
Stock Based Compensation	(1.00%)	(1.40%)
Section 162(m)	1.90%
Foreign adjustments	(8.90%)
Deferred true-ups		4%
Remeasurement of deferred tax assets and valuation	42.80%	(3.70%)	(20.00%)
Amended return impacts	7.80%
State rate change	2.70%
Tax rate change on net operating loss carryback related to CARES Act			17.20%
Other	(0.10%)	0.10%	(1.00%)
Effective tax rate	68.60%	26.80%	20.50%

Income Taxes (Components Of The

Income Taxes (Components Of The Gross Liabilities Related To Unrecognized Tax Benefits And The Related Deferred Tax Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Income Taxes [Abstract]
Gross unrecognized tax benefits	$ 604	$ 640
Accrued interest and penalties	189	195
Gross liabilities related to unrecognized tax benefits	793	835
Deferred tax assets	84	155
Valuation allowance	$ (84)	$ (155)

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Taxes [Abstract]
Balance	$ 640	$ 380	$ 380
Reductions for tax positions of prior years	(72)
Additions based on tax positions related to the current year	70	260
Lapse of Statute of Limitations	(188)
Additions for tax positions of prior years	154
Balance	$ 604	$ 640	$ 380

Income Taxes (Primary Component

Income Taxes (Primary Components Of Deferred Tax Assets And (Liabilities)) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Income Taxes [Abstract]
Accounts receivable	$ 739	$ 825
Inventory	2,448	769
Self-insurance	34	35
Payroll and related	740	817
Accrued liabilities	2,003	1,403
Property, plant and equipment	742
Property, plant and equipment		(76)
Investment tax credit	1,894	2,158
Valuation allowance	(9,838)	(7,312)
Net operating loss carryover	494	388
Lease assets	10,468	7,870
Lease liabilities	(11,067)	(8,708)
Other	$ 145	$ 155

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2020 shares	Jun. 30, 2022 USD ($) item shares	Jun. 30, 2021 USD ($) $ / shares	Jun. 30, 2020 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 1,000	$ 3,700	$ 4,600
Weighted average grant date fair value \| $ / shares			$ 6.77	$ 1.77
Number of plans \| item		2
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period		3 years
Total unrecognized stock-based compensation related to unvested shares		$ 350
Total unrecognized stock-based compensation, expected period		10 months 24 days
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period options are exercisable		10 years
Total unrecognized stock-based compensation, expected period		8 months 12 days
Total unrecognized stock-based compensation expense related to options		$ 60
2022, 2023, and 2024 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for performance awards, years		3 years
2022, 2023, and 2024 [Member] \| Scenario, Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award		33.30%
Long-Term Incentive Compensation Plan [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation related to unvested shares		$ 1,300
Total unrecognized stock-based compensation, expected period		1 year 1 month 6 days
Stock Option Plans, 2006 And 2009 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants \| shares		0
Stock-based Compensation Outside A Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation related to unvested shares		$ 20
Total unrecognized stock-based compensation, expected period		9 months 18 days
Stock-based Compensation Outside A Plan [Member] \| Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options issued under stock option plans \| shares	79,000
Minimum [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period		1 year
Maximum [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period		3 years

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Unvested Shares - Long-Term Incentive Compensation Plan RSUs) (Details) - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at the beginning of period, Shares	249	88
Granted, Shares	68	176
Vested, Shares	(42)
Forfeited, Shares	(15)	(15)
Unvested at the end of period, Shares	260	249
Unvested at the beginning of period, Weighted average fair value per share	$ 13.59	$ 16.83
Granted, Weighted average fair value per share	42.35	12.01
Vested, Weighted average fair value per share	17.23
Forfeited, Weighted average fair value per share	38.61	14.03
Unvested at the end of period, Weighted average fair value	$ 19.09	$ 13.59
Time Based Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at the beginning of period, Shares	107	44
Granted, Shares	27	69
Vested, Shares	(42)
Forfeited, Shares	(6)	(6)
Unvested at the end of period, Shares	86	107
Unvested at the beginning of period, Weighted average fair value per share	$ 13.89	$ 16.90
Granted, Weighted average fair value per share	42.35	12.01
Vested, Weighted average fair value per share	17.23
Forfeited, Weighted average fair value per share	38.62	14.04
Unvested at the end of period, Weighted average fair value	$ 19.53	$ 13.89
Performance Based Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at the beginning of period, Shares	142	44
Granted, Shares	41	107
Forfeited, Shares	(9)	(9)
Unvested at the end of period, Shares	174	142
Unvested at the beginning of period, Weighted average fair value per share	$ 13.36	$ 16.76
Granted, Weighted average fair value per share	42.35	12.01
Forfeited, Weighted average fair value per share	38.61	14.03
Unvested at the end of period, Weighted average fair value	$ 18.87	$ 13.36

Stock-Based Compensation (Sch_2

Stock-Based Compensation (Schedule Of Unvested Shares - Restricted Shares And RSUs) (Details) - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at the beginning of period, Shares	249	88
Granted, Shares	68	176
Vested, Shares	(42)
Forfeited, Shares	(15)	(15)
Unvested at the end of period, Shares	260	249
Unvested at the beginning of period, Weighted average fair value per share	$ 13.59	$ 16.83
Granted, Weighted average fair value per share	42.35	12.01
Vested, Weighted average fair value per share	17.23
Forfeited, Weighted average fair value per share	38.61	14.03
Unvested at the end of period, Weighted average fair value	$ 19.09	$ 13.59
Restricted Shares And RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at the beginning of period, Shares	56	189
Granted, Shares	5	28
Vested, Shares	(20)	(158)
Forfeited, Shares	(6)	(3)
Unvested at the end of period, Shares	35	56
Unvested at the beginning of period, Weighted average fair value per share	$ 26.81	$ 15.24
Granted, Weighted average fair value per share	33.78	32.10
Vested, Weighted average fair value per share	29.46	14.12
Forfeited, Weighted average fair value per share	24.12	18.10
Unvested at the end of period, Weighted average fair value	$ 26.72	$ 26.81

Stock-Based Compensation (Sch_3

Stock-Based Compensation (Schedule Of Fair Value Of Options, Weighted Average Assumptions) (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Stock-Based Compensation [Abstract]
Dividend yield		3.40%	7.30%
Expected volatility		43.20%	34%
Risk-free interest rate		0.60%	0.90%
Expected life	0 years	5 years	5 years

Stock-Based Compensation (Sch_4

Stock-Based Compensation (Schedule Of Stock Option Plans) (Details) - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Stock-Based Compensation [Abstract]
Shares, Outstanding at beginning balance	232	223
Shares, Granted		43
Shares, Exercised	(8)	(27)
Shares, Cancelled	(9)	(7)
Shares, Outstanding at ending balance	215	232
Weighted Average Exercise Price, Outstanding at beginning balance	$ 21.91	$ 23.70
Weighted Average Exercise Price, Granted		17.93
Weighted Average Exercise Price, Exercised	15.75	21.96
Weighted Average Exercise Price, Cancelled	36.58	26.14
Weighted Average Exercise Price, Outstanding at ending balance	$ 21.50	$ 21.91

Stock-Based Compensation (Sch_5

Stock-Based Compensation (Schedule Of Options Outstanding And Exercisable) (Details) shares in Thousands	12 Months Ended
	Jun. 30, 2022 $ / shares shares
9.97 - 15.14 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	$ 9.97
Range of Price Upper	$ 15.14
Options Outstanding \| shares	97
Weighted Average Remaining Life (Years)	7 years 8 months 12 days
Weighted Average, Exercise Price	$ 12.64
18.30 - 19.72 Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	18.30
Range of Price Upper	$ 19.72
Options Outstanding \| shares	12
Weighted Average Remaining Life (Years)	4 years 9 months 18 days
Weighted Average, Exercise Price	$ 18.99
21.96 - 27.57 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	21.96
Range of Price Upper	$ 27.57
Options Outstanding \| shares	58
Weighted Average Remaining Life (Years)	4 years 9 months 18 days
Weighted Average, Exercise Price	$ 24.21
31.06 - 32.80 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	31.06
Range of Price Upper	$ 32.80
Options Outstanding \| shares	32
Weighted Average Remaining Life (Years)	3 years 4 months 24 days
Weighted Average, Exercise Price	$ 32.30
43.09 - 47.45 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	43.09
Range of Price Upper	$ 47.45
Options Outstanding \| shares	16
Weighted Average Remaining Life (Years)	4 years 3 months 18 days
Weighted Average, Exercise Price	$ 45.42
9.97 - 47.45 [Member]
Share-Based Compensation, Shares Authorized Under Stock Option Plans, Exercise Price Range [Line Items]
Range of Price Lower	9.97
Range of Price Upper	$ 47.45
Options Outstanding \| shares	215
Weighted Average Remaining Life (Years)	5 years 10 months 24 days
Weighted Average, Exercise Price	$ 21.50

Benefit And Retirement Plans (N

Benefit And Retirement Plans (Narrative) (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Pension and Other Postretirement Benefits [Line Items]
Company's matching contribution to retirement savings plans	$ 2,000	$ 1,000	$ 2,300
Number of plans \| item	1
Payments for Restructuring	$ 962	$ 3,731
Expense reduction	(200)
Pension Fund multi-employer plan terminaton [Member]
Pension and Other Postretirement Benefits [Line Items]
Payments for Restructuring	$ 1,200
Minimum [Member] \| Plans in yellow zone [Member]
Pension and Other Postretirement Benefits [Line Items]
Percentage of plans funded	65%
Minimum [Member] \| Plans in green zone [Member]
Pension and Other Postretirement Benefits [Line Items]
Percentage of plans funded	80%
Maximum [Member] \| Plans in red zone [Member]
Pension and Other Postretirement Benefits [Line Items]
Percentage of plans funded	65%
Maximum [Member] \| Plans in yellow zone [Member]
Pension and Other Postretirement Benefits [Line Items]
Percentage of plans funded	80%

Benefit And Retirement Plans (S

Benefit And Retirement Plans (Schedule Of Multiemployer Plans) (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Multiemployer Plans [Line Items]
Company Contributions	$ 127	$ 150	$ 439
Central States SE and SW Areas Pension Fund [Member]
Multiemployer Plans [Line Items]
EIN/Pension Plan Number	366044243
Pension Protection Act Zone Status	Red	Red
Rehabilitation Plan Status	Implemented
Company Contributions	$ 127	$ 150	157
Surcharge Imposed	No
Expiration Date of Collective Bargaining Agreement	Mar. 31, 2025
Number of Company Employees in Plan	7
Steelworkers Pension Trust [Member]
Multiemployer Plans [Line Items]
EIN/Pension Plan Number	236648508
Pension Protection Act Zone Status	Green	Green
Rehabilitation Plan Status	NA
Company Contributions			279
Surcharge Imposed	No
Central Pension Fund [Member]
Multiemployer Plans [Line Items]
EIN/Pension Plan Number	366052390
Pension Protection Act Zone Status	Green	Green
Rehabilitation Plan Status	NA
Company Contributions			$ 3
Surcharge Imposed	No

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Dec. 03, 2021	Apr. 30, 2021	Jun. 30, 2022	Sep. 01, 2021	Jun. 30, 2018	Jul. 31, 2017	Aug. 31, 2016
Loss Contingencies [Line Items]
Estimated amount of possible loss						$ 5.5	$ 3.6
Estimated cost of remedial work			$ 3.6
Environmental Protection Agency (EPA) [Member]
Loss Contingencies [Line Items]
Settlement		$ 8.5
Litigation settlement cash option				$ 9.8
Litigation settlement including performance of remedy and full site release option				$ 10.1
Accrued Liabilities, Current					$ 3.6
Employment Matters [Member]
Loss Contingencies [Line Items]
Settlement	$ 1.3
Accrued Liabilities, Current			$ 1.3

Quarterly Financial Informati_3

Quarterly Financial Information - Unaudited (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Quarterly Financial Information - Unaudited [Abstract]
Net sales	$ 124,517	$ 140,408	$ 141,668	$ 137,689	$ 136,172	$ 118,408	$ 119,106	$ 105,239	$ 544,282	$ 478,925	$ 366,926
Gross margin	17,672	22,071	9,527	23,410	26,413	23,124	24,378	22,815	72,680	96,730	53,053
Operating income (loss)	3,566	5,814	(8,636)	5,873	7,104	6,352	9,833	7,911	6,617	31,200	(34,395)
Net income (loss)	$ (271)	$ 5,316	$ (7,545)	$ 4,353	$ 5,841	$ 4,878	$ 8,450	$ 3,879	$ 1,853	$ 23,048	$ (26,844)
Earnings (loss) per share:
Basic	$ (0.05)	$ 0.84	$ (1.13)	$ 0.64	$ 0.85	$ 0.70	$ 1.17	$ 0.50	$ 0.29	$ 3.20	$ (3.37)
Diluted	$ (0.05)	$ 0.82	$ (1.13)	$ 0.61	$ 0.81	$ 0.67	$ 1.13	$ 0.49	$ 0.28	$ 3.09	$ (3.37)

Schedule II_ Valuation And Qu_2

Schedule II: Valuation And Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable Allowance [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 3,240	$ 1,770	$ 250
(Additions) Reductions to Income	126	1,618	5,214
Deductions from Reserves	(386)	(148)	(3,694)
Balance at End of Year	$ 2,980	3,240	1,770
VAT Allowance [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year		237	2,235
Deductions from Reserves		$ (237)	(1,998)
Balance at End of Year			$ 237