XML 30 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 24,442 $ 13,696
Accounts receivable, net of allowance of $2,983 and $1,489, respectively 186,492 117,349
Contract assets 61,154 45,040
Prepaid expenses and other current assets 17,256 17,512
Total current assets 289,344 193,597
Property, technology, and equipment, net 24,823 24,151
Goodwill 88,199 72,582
Intangible assets, net 48,545 41,404
Operating lease right-of-use assets 41,111 39,022
Deposits and other assets 4,704 3,124
Long-term restricted cash 625 648
Total other long-term assets 183,184 156,780
Total assets 497,351 374,528
Current liabilities:    
Accounts payable 137,853 103,709
Operating partner commissions payable 18,731 15,065
Accrued expenses 11,349 6,812
Income tax payable 4,035 2,768
Current portion of notes payable 4,575 4,446
Current portion of operating lease liability 7,641 6,989
Current portion of finance lease liability 577 743
Current portion of contingent consideration 2,600 2,600
Other current liabilities 303 345
Total current liabilities 187,664 143,477
Notes payable, net of current portion 66,719 24,000
Operating lease liability, net of current portion 37,776 34,899
Finance lease liability, net of current portion 1,223 1,809
Contingent consideration, net of current portion 2,930 4,663
Deferred income taxes 6,482 4,021
Other long-term liabilities 0 89
Total long-term liabilities 115,130 69,481
Total liabilities 302,794 212,958
Commitments and contingencies (Note 16)
Equity:    
Common stock, $0.001 par value, 100,000,000 shares authorized; 51,265,543 and 50,832,205 shares issued, and 48,740,935 and 49,930,389 shares outstanding, respectively 33 32
Additional paid-in capital 106,146 104,228
Treasury stock, at cost, 2,524,608 and 901,816 shares, respectively (16,004) (4,658)
Retained earnings 104,998 60,534
Accumulated other comprehensive (loss) income (796) 1,141
Total Radiant Logistics, Inc. stockholders’ equity 194,377 161,277
Non-controlling interest 180 293
Total equity 194,557 161,570
Total liabilities and equity $ 497,351 $ 374,528