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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Net revenues        
Net Revenue $ 78,933 $ 46,897 $ 218,231 $ 163,709
Cost of revenues        
Cost of revenues 50,916 28,656 128,314 99,468
Gross profit 28,017 18,241 89,917 64,241
Selling, general, and administrative expenses 27,035 18,378 70,662 50,932
Loss (gain) on sale of property, plant, and equipment (98) 322 493 1,999
Gain on litigation proceeds 0 0 0 4,750
Income from operations 884 184 19,748 20,058
Other income (expense)        
Interest expense (3,729) (3,842) (10,825) (9,173)
Net unrealized gain on interest rate swap agreements 4,553 5,589 8,582 8,212
Other, net 1,957 327 1,945 684
Total other income (expense), net 2,781 2,075 (298) (277)
Income before provision for income taxes 3,665 2,259 19,450 19,780
Income tax provision 958 1,633 5,412 4,517
Net income 2,707 626 14,038 15,263
Net income (loss) attributable to the noncontrolling interests (73) 53 (138) 343
Net income attributable to Vintage Wine Estates, Inc. 2,780 573 14,176 14,920
Accretion on redeemable Series B stock 0 1,446 0 4,760
Net income (loss) allocable to common stockholders $ 2,780 $ (873) $ 14,176 $ 10,160
Net earnings (loss) per share allocable to common stockholders        
Basic $ 0.05 $ (0.04) $ 0.23 $ 0.38
Diluted $ 0.05 $ (0.04) $ 0.23 $ 0.35
Weighted average shares used in the calculation of earnings per share allocable to common stockholders        
Basic 61,410,403 21,920,583 60,773,258 21,920,583
Diluted 61,410,403 21,920,583 60,773,258 24,564,309
Wine Spirits and Cider [Member]        
Net revenues        
Net Revenue $ 50,859 $ 37,238 $ 157,292 $ 132,086
Cost of revenues        
Cost of revenues 38,764 23,561 98,428 82,180
Nonwine [Member]        
Net revenues        
Net Revenue 28,074 9,659 60,939 31,623
Cost of revenues        
Cost of revenues $ 12,152 $ 5,095 $ 29,886 $ 17,288