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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,500 $ 15,793
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,988 9,259
Noncash lease expense 6,522 7,273
Warrant contra revenue 594 596
Deferred income tax 296 1,506
Share-based compensation expense 2,275 2,655
Allowance of expected credit losses 6 117
Change in assets and liabilities:    
Increase in accounts receivable (18,336) (18,272)
(Increase) / decrease in prepaid expenses and other current assets (2,192) 3,223
Increase / (decrease) in accounts payable and accrued liabilities 544 (1,282)
Increase / (decrease) in deferred revenue 301 (2,905)
Decrease in operating lease liabilities (6,451) (7,108)
Net cash inflow from operating activities 7,047 10,855
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (4,944) (11,506)
Net cash outflow from investing activities (4,944) (11,506)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 96 39,314
Repayments of line of credit (148) (46,300)
Repayment of debt 0 (3,524)
Proceeds from the exercise of options 11 1,209
Principal payments on finance leases (204) (266)
Purchase of treasury shares (10,274) (276)
Net cash outflow from financing activities (10,519) (9,843)
Effects of exchange rate difference on cash and cash equivalents 3 (255)
Net decrease in cash and cash equivalents (8,413) (10,749)
Cash and cash equivalents, beginning 57,429 48,831
Cash and cash equivalents, ending 49,016 38,082
Supplemental cash flow disclosures    
Cash paid for interest 215 448
Cash paid for income taxes 4,018 1,982
Supplemental non-cash disclosures    
Change in accounts payable related to fixed assets $ (416) $ (766)