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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 14,038 $ 15,263
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 17,365 7,732
Amortization of deferred loan fees and line of credit fees 296 357
Amortization of label design fees 668 251
Litigation proceeds 0 (4,750)
Stock-based compensation expense 1,943 601
Provision for doubtful accounts 45 87
Impairment of inventory 0 3,302
Net unrealized gain on interest rate swap agreements (8,582) (8,212)
(Benefit) provision for deferred income tax 888 0
Loss (gain) on disposition of assets 508 (999)
Deferred gain on sale leaseback (1,000) (1,000)
Deferred rent 285 376
Change in operating assets and liabilities (net of effect of business combinations):    
Accounts receivable (21,261) (1,001)
Related party receivables 0 (2,038)
Other receivables 376 (2,338)
Litigation receivable 0 4,750
Inventories 4,244 (8,964)
Prepaid expenses and other current assets (2,232) (5,829)
Other assets (6,215) 1,688
Accounts payable (8,106) 616
Accrued liabilities and other payables 2,836 16,073
Related party liabilities 0 3,698
Net cash (used in) provided by operating activities (3,903) 19,661
Cash flows from investing activities    
Proceeds from disposition of assets 105 1,064
Purchases of property, plant, and equipment (15,723) (30,688)
Label design expenditures (225) (375)
Proceeds on related party notes receivable 0 756
Acquisition of businesses (74,268) 0
Net cash used in investing activities (90,111) (29,243)
Cash flows from financing activities    
Repurchase of common stock (2,833) 0
Principal payments on line of credit (67,210) (25,195)
Proceeds from line of credit 126,591 32,281
Outstanding checks in excess of cash 2,900 9,277
Principal payments on long-term debt (13,178) (15,234)
Proceeds from long-term debt 0 8,902
Principal payments on related party note 0 (489)
Deferred offering costs 0 (768)
Payments on acquisition payable (226) (486)
Net cash provided by financing activities 46,044 8,287
Net change in cash and restricted cash (47,970) (1,295)
Cash and restricted cash, beginning of period 123,679 1,751
Cash and restricted cash, end of period 75,709 456
Cash paid during the period for:    
Interest 9,508 9,230
Income taxes 22 25
Noncash investing and financing activities:    
Contingent consideration in a business combination 8,460 0
Issuance of common stock in business combination 10,521  
Accretion of redemption value of Series B redeemable cumulative stock 0 4,760
Accretion of redemption value of Series A redeemable stock 0 16,466
Offering costs $ 0 $ 535