v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Operating activities:      
Net income (loss) $ 1,707 $ 15,240 $ (56,443)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Non-cash compensation expense 5,603 5,916 4,935
Non-cash compensation to directors 1,041 1,091 1,512
Depreciation 33,147 31,794 26,178
Amortization 10,805 6,799 6,811
Change in fair value of contingent consideration (1,597) 0 0
Unrealized gain on foreign currency exchange (1,053) 0 0
Deferred income taxes 2,004 3,870 (4,355)
Adjustment to tax receivable agreement liability (1,029) (347) 36
Other items, net 2,547 2,394 2,217
Goodwill and other intangible asset impairment 0 0 88,389
Abandonment of construction in process 0 0 8,735
Change in operating assets and liabilities, net of effect from acquisition:      
Trade receivables (8,223) 106 45,257
Inventories 20,678 3,373 25,702
Prepaid expenses and other assets 4,011 (493) 1,668
Accounts payable (4,543) 6,560 (20,612)
Income taxes receivable and payable (21) 269 (708)
Accrued expenses 6,749 (17,758) (67,634)
Other liabilities (3,559) (2,308) (1,922)
Payment pursuant to tax receivable agreement (758) 0 (4,208)
Net cash provided by operating activities 67,509 56,506 55,558
Investing activities:      
Purchases of property and equipment (24,663) (27,917) (75,962)
Proceeds from sale of property and equipment 352 543 120
Payment for acquisition, net of cash acquired (118,305) 0 0
Net cash used in investing activities (142,616) (27,374) (75,842)
Financing activities:      
Proceeds from revolving credit facility 165,000 48,000 75,000
Payments on revolving credit facility (18,000) (30,000) (75,000)
Proceeds received from exercise of stock options 0 233 0
Cash paid for tax withholdings (1,205) (1,098) (1,489)
Distributions to non-controlling LLC Unit holders (204) 0 (890)
Repurchase and retirement of Class A Common Stock (33,910) (35,955) (29,316)
Net cash provided by (used) in financing activities 111,681 (18,820) (31,695)
Effect of exchange rate changes on cash 843 (255) (13)
Changes in cash 37,417 10,057 (51,992)
Cash—Beginning of period 37,002 26,945 78,937
Cash—End of period 74,419 37,002 26,945
Supplemental cash flow information:      
Cash paid for interest 3,015 1,945 3,046
Cash paid (refund) for income taxes, net 905 (655) 2,125
Non-cash operating, investing and financing activities:      
Establishment of deferred tax assets from step-up in tax basis 52 367 1,960
Establishment of amounts payable under tax receivable agreements 26 167 1,320
Exchange of LLC Units for Class A Common Stock 95 691 2,521
Tax distributions payable to non-controlling LLC Unit holders 60 0 0
Class A shares issued for acquisition 41,706 0 0
Contingent consideration issued for acquisition 32,599 0 0
Escrow receivable through earnout holdback 1,709 0 0
Reclassification of properties to assets held for sale 0 3,059 0
ROU assets obtained in exchange for lease liabilities 0 1,787 0
Repurchase/retirement of common stock not settled 0 0 527
Capital expenditures in accounts payable $ 531 $ 250 $ 1,045