v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Reconciliation of Changes in Noncontrolling Interests

The table below presents the reconciliation of changes in noncontrolling interests (in thousands):

 

 

 

 

 

 

Balance as of June 30, 2023

 

 

$

1,270

 

 

Net income attributable to noncontrolling interests

 

 

 

487

 

 

Noncontrolling ownership interest contribution - AM/LPM Ventures, LLC

 

 

 

2,051

 

(1)

Noncontrolling ownership interests - SGB

 

 

 

50,652

 

(2)

Change in ownership of consolidated subsidiary

 

 

 

(237

)

 

Balance as of June 30, 2024

 

 

 

54,223

 

 

Net income attributable to noncontrolling interests

 

 

 

(1,476

)

 

Noncontrolling ownership interests - SGI

 

 

 

408

 

(3)

Balance as of June 30, 2025

 

 

 

53,155

 

 

Net income attributable to noncontrolling interests

 

 

 

6,274

 

 

Noncontrolling ownership interests - SMI

 

 

 

3,224

 

(4)

Balance as of June 30, 2026

 

 

$

62,653

 

 

_________________________________________________________

(1)

In February 2024, Aquila Holding LLC purchased a 5% interest in AM/LPM Ventures, LLC for $2.1 million.

(2)

(3)

In June 2024, the Company obtained a controlling interest in SGB.

In February 2025, in connection with its acquisition of SGI, the Company acquired certain noncontrolling interests.

(4)

In April 2026, in connection with its acquisition of SMI, the Company acquired a noncontrolling interest in SMI's joint venture in Shanghai.

Reconciliation of Shares Used in Calculating Basic and Diluted Earnings per Common Shares

A reconciliation of shares used in calculating basic and diluted earnings per common share is presented below (in thousands):

 

 

Year Ended June 30,

 

 

 

2026

 

 

2025

 

 

2024

 

Basic weighted-average shares of common stock outstanding

 

 

26,436

 

 

 

23,626

 

 

 

23,092

 

Effect of common stock equivalents

 

 

827

 

 

 

816

 

 

 

1,029

 

Diluted weighted-average shares outstanding

 

 

27,263

 

 

 

24,442

 

 

 

24,121