Acquisitions (Tables)

9 Months Ended

Mar. 31, 2022

Business Acquisition [Line Items]

Business Acquisition Pro Forma Information

The pro forma financial information presented below is for informational purposes only, and is subject to a number of estimates, assumptions and other uncertainties.

	Three Months Ended				Nine Months Ended
(in thousands)	2022		2021		2022		2021
Total pro forma revenues	$	78,933	$	59,057	$	241,381	$	204,102
Pro forma net income (loss)	$	2,707	$	2,303	$	14,916	$	21,174

Vinesse, LLC

Business Acquisition [Line Items]

Summary Of Allocation Of Purchase Price To The Fair Value Of Assets Acquired

The preliminary allocation of the consideration for the net assets acquired from the acquisition of Vinesse were as follows:

(in thousands)
Sources of financing
Cash	$	14,000
Accrued other		600
Contingent consideration		2,400
Fair value of consideration		17,000
Assets acquired:
Fixed assets		121
Inventory		2,502
Trade Names and Trademarks		1,200
Customer relationships		3,700
Deferred tax liability		(1,323	)
Total identifiable assets acquired		6,200
Goodwill	$	10,800

ACE Cider

Business Acquisition [Line Items]

Summary Of Allocation Of Purchase Price To The Fair Value Of Assets Acquired

The preliminary allocation of the consideration for the net assets acquired from the acquisition of ACE Cider were as follows:

(in thousands)
Sources of financing
Cash	$	46,880
Accrued other		60
Contingent consideration		500
Fair value of consideration		47,440
Assets acquired:
Fixed assets		4,205
Inventory		1,350
Trademarks		6,600
Customer relationships		14,300
Deferred tax liability		(6,531	)
Total identifiable assets acquired		19,924
Goodwill	$	27,516

Meier's Wine Cellars, Inc

Business Acquisition [Line Items]

Summary Of Allocation Of Purchase Price To The Fair Value Of Assets Acquired

The preliminary allocation of the consideration for the net assets acquired from the acquisition of Meier's were as follows:

(in thousands)
Sources of financing
Cash	$	12,500
Shares of common stock		10,521
Contingent consideration		4,900
Settlement of pre-existing relationship		(125	)
Fair value of consideration		27,796
Assets acquired:
Accounts receivable		3,669
Fixed assets		11,358
Inventory		4,280
Other assets		356
Trademarks		600
Customer relationships		5,600
Accounts payable and accrued expenses		(2,682	)
Deferred tax liability		(5,359	)
Total identifiable assets acquired		17,822
Goodwill	$	9,974