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Joint Venture (Tables)
9 Months Ended
Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Financial Information of Joint Ventures (Operations Data)

Summarized financial information of the JV is based one-quarter lag due to the timing of the availability of the JV’s financial records is as follows (in thousands):

 

 

 

Nine Months Ended December 31, 2021

 

 

Nine Months Ended December 31, 2020

 

Statement of Operations Data:

 

 

 

 

 

 

Revenue

 

$

44,819

 

 

$

28,095

 

Gross Profit

 

 

13,590

 

 

 

8,864

 

Net income

 

 

1,511

 

 

 

2,089

 

Net income attributable to the Company

 

 

740

 

 

 

1,021

 

Summary of Financial Information of Joint Ventures (Balance Sheet Data)

 

 

As of
December 31, 2021

 

 

As of
December 31, 2020

 

Summarized Balance Sheet Data:

 

 

 

 

 

 

Assets

 

 

 

 

 

 

Current assets

 

$

62,328

 

 

$

19,895

 

Non current assets

 

 

22,136

 

 

 

22,446

 

 

 

$

84,464

 

 

$

42,341

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

Current liabilities

 

$

52,085

 

 

$

11,810

 

Non current liabilities

 

 

1,001

 

 

 

1,131

 

Stockholder's equity

 

 

31,378

 

 

 

29,400

 

 

 

$

84,464

 

 

$

42,341