v3.25.2
Description of Business (Tables)
 12 Months Ended
Jun. 30, 2025
LPM  
Description Of Business [Line Items]  
Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of LPM as of the acquisition date (in thousands):

 

Cash

 

 

 

 

$

37,506

 

 

Contingent consideration

 

 

 

 

 

2,800

 

 

Common stock

 

 

 

 

 

3,514

 

 

Settlement of pre-existing payables due to A-Mark

 

 

 

 

 

398

 

 

Total purchase price

 

 

 

 

$

44,218

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

$

5,033

 

 

Receivables, net

 

 

 

 

 

4,105

 

 

Inventories

 

 

 

 

 

16,807

 

 

Other current assets

 

 

 

 

 

515

 

 

Property, plant, and equipment, net

 

 

 

 

 

1,306

 

 

Trade names

 

 

 

 

 

3,500

 

 

Existing customer relationships

 

 

 

 

 

6,800

 

 

Other long-term assets

 

 

 

 

 

956

 

 

Total identifiable assets acquired

 

 

 

 

 

39,022

 

 

Accounts payable and other payables

 

 

 

 

 

(526

)

 

Deferred revenue and other advances

 

 

 

 

 

(11,361

)

 

Accrued liabilities

 

 

 

 

 

(1,729

)

 

Other liabilities

 

 

 

 

 

(2,222

)

 

Net identifiable assets acquired

 

 

 

 

 

23,184

 

 

Goodwill

 

 

 

 

 

21,034

 

 

Total purchase price

 

 

 

 

$

44,218

 

 

 
Summary of Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the years ended June 30, 2024 and 2023 assumes that the acquisition of LPM occurred as of July 1, 2022 (in thousands):

 

 

 

Year Ended June 30,

 

 

 

 

2024

 

 

2023

 

Revenues

 

 

$

9,788,941

 

 

$

9,674,149

 

Net income

 

 

$

68,469

 

 

$

158,658

 
SGI  
Description Of Business [Line Items]  
Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of SGI as of the acquisition date (in thousands):

Cash

 

 

 

 

$

46,000

 

 

Common stock

 

 

 

 

 

43,618

 

 

Holdback consideration - common stock

 

 

 

 

 

1,818

 

 

Repayment of debt

 

 

 

 

 

11,017

 

 

Settlement of pre-existing payables due to A-Mark

 

 

 

 

 

419

 

 

Noncontrolling interest

 

 

 

 

 

408

 

 

Total purchase price

 

 

 

 

$

103,280

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

$

11,264

 

 

Receivables, net

 

 

 

 

 

25,164

 

 

Inventories

 

 

 

 

 

102,587

 

 

Other current assets

 

 

 

 

 

4,559

 

 

Property, plant, and equipment, net

 

 

 

 

 

6,108

 

 

Operating lease right of use assets

 

 

 

 

 

12,047

 

 

Trade names

 

 

 

 

 

4,000

 

 

In-process research and development

 

 

 

 

 

1,500

 

 

Developed technology

 

 

 

 

 

1,500

 

 

Existing customer relationships

 

 

 

 

 

12,000

 

 

Other long-term assets

 

 

 

 

 

2,698

 

 

Total identifiable assets acquired

 

 

 

 

 

183,427

 

 

Product financing arrangements

 

 

 

 

 

(52,020

)

 

Accounts payable and other payables

 

 

 

 

 

(9,789

)

 

Deferred revenue and other advances

 

 

 

 

 

(9,381

)

 

Accrued liabilities

 

 

 

 

 

(9,935

)

 

Operating lease liability

 

 

 

 

 

(12,347

)

 

Other liabilities

 

 

 

 

 

(513

)

 

Net identifiable assets acquired

 

 

 

 

 

89,442

 

 

Goodwill

 

 

 

 

 

13,838

 

 

Total purchase price

 

 

 

 

$

103,280

 

 
Summary of Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the years ended June 30, 2025 and 2024 assumes that the acquisition of SGI occurred as of July 1, 2023 (in thousands):

 

 

 

Year Ended June 30,

 

 

 

 

2025

 

 

2024

 

Revenues

 

 

$

11,189,932

 

 

$

10,010,311

 

Net income

 

 

$

14,133

 

 

$

65,372

 

The above pro forma supplemental information does not purport to be indicative of what the Company's operations would have been had the acquisition occurred on July 1, 2023, and should not be considered indicative of future operating results. The Company believes the assumptions used provide a reasonable basis for reflecting the significant pro forma effects directly attributable to the acquisition of SGI. The unaudited pro forma information accounts for: (i) the elimination of transactions between the Company and SGI, and (ii) adjustments to the amortization expense resulting from the estimated fair value of the acquired finite-lived intangible assets, acquisition costs, compensation expenses, and the resulting impact to the income tax provision.
Pinehurst  
Description Of Business [Line Items]  
Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of Pinehurst as of the acquisition date (in thousands):

Cash

 

 

 

 

$

6,500

 

 

Pre-existing equity method investment

 

 

 

 

 

6,933

 

 

Repayment of debt

 

 

 

 

 

16,903

 

 

Contingent consideration

 

 

 

 

 

700

 

 

Settlement of pre-existing receivables due from A-Mark

 

 

 

 

 

(4,325

)

 

Total purchase price

 

 

 

 

$

26,711

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

$

4,334

 

 

Receivables, net

 

 

 

 

 

4,481

 

 

Inventories

 

 

 

 

 

17,767

 

 

Other current assets

 

 

 

 

 

1,962

 

 

Property, plant, and equipment, net

 

 

 

 

 

763

 

 

Operating lease right of use asset

 

 

 

 

 

1,734

 

 

Trade names

 

 

 

 

 

1,000

 

 

Existing customer relationships

 

 

 

 

 

1,000

 

 

Total identifiable assets acquired

 

 

 

 

 

33,041

 

 

Accounts payable and other payables

 

 

 

 

 

(2,380

)

 

Deferred revenue and other advances

 

 

 

 

 

(1,655

)

 

Accrued liabilities

 

 

 

 

 

(210

)

 

Operating lease liability

 

 

 

 

 

(1,734

)

 

Other liabilities

 

 

 

 

 

(3,104

)

 

Net identifiable assets acquired

 

 

 

 

 

23,958

 

 

Goodwill

 

 

 

 

 

2,753

 

 

Total purchase price

 

 

 

 

$

26,711

 

 
Summary of Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the years ended June 30, 2025 and 2024 assumes that the acquisition of Pinehurst occurred as of July 1, 2023 (in thousands):

 

 

 

Year Ended June 30,

 

 

 

 

2025

 

 

2024

 

Revenues

 

 

$

11,003,825

 

 

$

9,739,962

 

Net income

 

 

$

17,552

 

 

$

66,048

 

 

The above pro forma supplemental information does not purport to be indicative of what the Company's operations would have been had the acquisition occurred on July 1, 2023, and should not be considered indicative of future operating results. The Company believes the assumptions used provide a reasonable basis for reflecting the significant pro forma effects directly attributable to the acquisition of Pinehurst. The unaudited pro forma information accounts for: (i) the elimination of transactions between the Company and Pinehurst, and (ii) adjustments to the amortization expense resulting from the estimated fair value of the acquired finite-lived intangible assets, acquisition costs, compensation expenses, remeasurement losses, and the resulting impact to the income tax provision.
AMS  
Description Of Business [Line Items]  
Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of AMS as of the acquisition date (in thousands):

Cash

 

 

 

 

$

50,958

 

 

Pre-existing equity method investment

 

 

 

 

 

6,318

 

 

Contingent consideration

 

 

 

 

 

5,900

 

 

Settlement of pre-existing liabilities due to A-Mark

 

 

 

 

 

13,911

 

 

Total purchase price

 

 

 

 

$

77,087

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

$

1,172

 

 

Receivables, net

 

 

 

 

 

10,755

 

 

Inventories

 

 

 

 

 

28,708

 

 

Other current assets

 

 

 

 

 

1,602

 

 

Property, plant, and equipment, net

 

 

 

 

 

12,306

 

 

Operating lease right of use asset

 

 

 

 

 

511

 

 

Trade names

 

 

 

 

 

5,000

 

 

Existing customer relationships

 

 

 

 

 

28,000

 

 

Other assets

 

 

 

 

 

135

 

 

Total identifiable assets acquired

 

 

 

 

 

88,189

 

 

Accounts payable and other payables

 

 

 

 

 

(3,962

)

 

Deferred revenue and other advances

 

 

 

 

 

(2,426

)

 

Accrued liabilities

 

 

 

 

 

(6,680

)

 

Operating lease liability

 

 

 

 

 

(514

)

 

Other liabilities

 

 

 

 

 

(9,642

)

 

Net identifiable assets acquired

 

 

 

 

 

64,965

 

 

Goodwill

 

 

 

 

 

12,122

 

 

Total purchase price

 

 

 

 

$

77,087

 

 
Summary of Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the years ended June 30, 2025 and 2024 assumes that the acquisition of AMS occurred as of July 1, 2023 (in thousands):

 

 

 

Year Ended June 30,

 

 

 

 

2025

 

 

2024

 

Revenues

 

 

$

11,092,466

 

 

$

9,885,444

 

Net (loss) income

 

 

$

(2,393

)

 

$

56,910

 

The above pro forma supplemental information does not purport to be indicative of what the Company's operations would have been had the transaction occurred on July 1, 2023, and should not be considered indicative of future operating results. The Company believes the assumptions used provide a reasonable basis for reflecting the significant pro forma effects directly attributable to the acquisition of AMS. The unaudited pro forma information accounts for: (i) the elimination of transactions between the Company and AMS and (ii) adjustments to the amortization expense resulting from the estimated fair value of the acquired finite-lived intangible assets, acquisition costs, cash and share-based compensation expense, remeasurement gains, and the resulting impact to the income tax provision.
SGB  
Description Of Business [Line Items]  
Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of a controlling interest in SGB as of the acquisition date (in thousands):

Cash

 

 

 

 

$

9,600

 

 

Pre-existing equity method investment

 

 

 

 

 

56,848

 

 

Option to acquire additional equity interest

 

 

 

 

 

2,300

 

 

Noncontrolling interests

 

 

 

 

 

50,652

 

 

Settlement of pre-existing payables due to A-Mark

 

 

 

 

 

9,418

 

 

Total purchase price

 

 

 

 

$

128,818

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

$

10,203

 

 

Receivables, net

 

 

 

 

 

10,968

 

 

Inventories

 

 

 

 

 

45,936

 

 

Other current assets

 

 

 

 

 

2,246

 

 

Property, plant, and equipment, net

 

 

 

 

 

2,071

 

 

Trade names

 

 

 

 

 

6,512

 

 

Existing customer relationships

 

 

 

 

 

13,000

 

 

Developed technology

 

 

 

 

 

9,300

 

 

Other long-term assets

 

 

 

 

 

5,809

 

 

Total identifiable assets acquired

 

 

 

 

 

106,045

 

 

Product financing arrangements

 

 

 

 

 

(24,372

)

 

Accounts payable and other payables

 

 

 

 

 

(7,205

)

 

Deferred revenue and other advances

 

 

 

 

 

(5,085

)

 

Accrued liabilities

 

 

 

 

 

(1,231

)

 

Notes payable

 

 

 

 

 

(8,367

)

 

Deferred tax liability

 

 

 

 

 

(6,624

)

 

Other liabilities

 

 

 

 

 

(2,303

)

 

Net identifiable assets acquired

 

 

 

 

 

50,858

 

 

Goodwill

 

 

 

 

 

77,960

 

 

Total purchase price

 

 

 

 

$

128,818

 

 
Summary of Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the years ended June 30, 2024 and 2023 assumes that the acquisition of a controlling interest in SGB occurred as of July 1, 2022 (in thousands):

 

 

 

Year Ended June 30,

 

 

 

 

2024

 

 

2023

 

Revenues

 

 

$

9,765,669

 

 

$

9,417,104

 

Net income

 

 

$

46,052

 

 

$

181,458