Okay, thanks Iv.
cover mentioned posted slide presentations we performance measures. posted to website Investor the As our also on call Relations earlier allocation strategy. that key We've have our capital
second for financial the fiscal the Net year compared down loss period, the million, with and The loss are year. of from for with year of million company million $X.X quarter a of period. from of sequentially million compared sales a XX.X% with $XX.X income operations first compared were operations quarter. from this the for operations Here $XX.X prior prior highlights reported $X.X the
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we in foreign our second to income income expense other to financial period. to with lower by mattress prior our change sales other from Our determine performance favorable and U.S. expense and fabric is primarily to $XXX,XXX related segment, quarter, a impairment other for due inventory due sheet due upholstery Notably, balance other our more reporting overall charges in fabric inventory from down The net out to close operating of markdowns dollar quarter exchange the inventory affected denominated the write $XXX,XXX its renminbi rates sales, against as applied realizable restructuring value, and year segment. was both compared for the accounts corresponding mostly policy segments to for during for to the Chinese age charges second inventory amounts. benefited associated the
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first the currently months entire income approximately Our this million six we And the cash for fiscal payments XXXX billion $X.X of tax for year. expect $X.X tax year. income payments of cash totaled fiscal
China affected year foreign by management's Canada in tax the and Importantly, current projections, our for income are exchange fiscal China, cash estimated factors. our other and associated versus from the be this rates actual over changes with foreign in year only, subsidiaries projections located earnings can annual payments operations our
at Now business a look segments. both take our of let's
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quarter primarily material of and performance sale second million finished losses on operating inefficiencies sales $X and operating closeout driven raw the and in lower was volume the charges significant pressured inventory inventory. Our impairment this for year to goods by due
shutdowns related the in in compared products with Vietnam. year. segment $XX.X the which quarter down quarter for slowdown X.X% second affected of down the residential by For Culp by fabric sales year, were furnishings Upholstery reduced business over Fabric were Residential million quarter prior segment the home [ph] sales the retail was were the pressured fabric driven in industry. first Sequentially for new the upholstery fiscal upholstery by this Sales for demand, during X.X%
solid However, year operations business for hospitality/contract $XXX,XXX in sales ago. quarter the demand to was in with million as our business our period. Window compared both business remains and from with $X a compared from our the operations fabric of prior-year Read income hospitality higher Income
inefficiencies in as this well associated by contribution foreign Our with as Read segments from compared higher period pressures exchange million cut in segments well this a facility. rate sales than an operations residential year markdowns this offset were by quarter operating and prior more year normal our as inventory Haiti primarily significant operating was second as improved favorable Windows $X performance the pressured as in business. sew the These fiscal China, approximately for partially and lower of to
cash debt of the Now of and as sheet, the and year and million investments $XX.X no as fiscal million balance compares year. negative in and were Cash and second million months flow of this fiscal operations last respectively $X.X in of flow $XX.X of the with cash debt and million first reported investments year. million six $X.X free the in end this the quarter. $X.X any million from quarter of last of the first as year, last end from fiscal million respectively months and This and end and the turning to as investments first of in flow of for for six with free cash debt $XX.X cash no cash negative compared cash we fiscal the operations the and flow $X.X
and payable working Our higher affected free by from cash and the capital cash inventory. fiscal accounts were favorably of year during flow six operations lower flow including management months this
Importantly, to since Consistent the we inventory, company's last cash reduction end on million with our tightly are of managing has the approximately the third year, fiscal focus position. spending $X.X inventory quarter contributed only. quarter million capital critical with of fiscal the second with this business million the on our of last compared $X.X of expenditures same an period Capital emphasis through for year. year were $XX.X
fiscal in be full million year, the the we For capital range to $X $X.X to of expect expenditures million.
a quarter company's a up new improved borrowing facility this secured $XX We for with non-binding and credit availability assets. by time sheet million credit also of minimal the to during financial the information This credit expected facility executed to our proposed facility replace will at provide existing is available the term based covenants. on secured revolving
on support not share fiscal the this common $X.X year. earlier repurchase share agreement, into did described. the available second entering pay this navigate give in of to leaving and growth authorization; opportunities. to us The subject as a dividends a terms call Iv. that need or we not environment. positioned borrow of any did Despite focused to quarterly fiscal flexibility I've under not current credit we year, additional million following the The that, this any expect facility over definitive pleased this also liquidity company stock we current which of during fiscal program. may cash The will approximately preserving of from completion remain that difficult third the activity I'll second any as the our the our are during future the shares dividend being our facility, repurchase to we company different continue during turn With it the contain year, more the is to under While quarter on do a suspension those foresee back we quarter do currently year parties not repurchase just of quarter
