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Discontinued Operations (Tables)
12 Months Ended
Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Reconciliation of Net Income from Discontinued Operations

The following table provides a reconciliation of the Company’s net income from discontinued operations presented in the consolidated statements of operations for the year ended June 30, 2021:

(in thousands)

 

For the year ended June 30, 2021

 

Discontinued operations:

 

 

 

Net revenue

 

$

5,005

 

Real estate expenses

 

 

(505

)

Depreciation and amortization

 

 

(1,689

)

Operating income from discontinued operations

 

 

2,811

 

Interest expense

 

 

(2,536

)

Gain on sale of real estate business

 

 

263

 

Pretax income from discontinued operations

 

 

538

 

Income tax benefit

 

 

111

 

Net income from discontinued operations

 

$

649