Inventory

12 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventory

4. Inventory

Inventory consists of the following:

(in thousands)	June 30, 2022		June 30, 2021
Bulk wine, spirits and cider	$	89,038	$	119,333
Bottled wine, spirits and cider		85,905		90,083
Bottling and packaging supplies		16,328		10,482
Nonwine inventory		831		1,247
Total inventories	$	192,102	$	221,145

For the year ended June 30, 2022, the Company recorded a $19.1 million non-cash inventory write down. Specifically, the inventory write down related to physical inventory count adjustments of $12.4 million, $3.7 million related to the establishment of inventory reserves and $3.0 million related to the impact of additional remediation efforts.

For the years ended June 30, 2022 and 2021, the Company's inventory balances are presented net of inventory reserves of $5.1 million and $0.1 million, respectively, for bulk wine, spirits and cider inventory, $1.8 million and $4.1 million, respectively, for bottled wine, spirits and cider inventory and $0.4 million and zero, respectively, for bottling and packaging supplies inventory.

During the year ended June 30, 2021, we recognized impairment of $3.3 million on raw materials inventory.

We received $3.0 million and $4.8 million in fiscal 2022 and fiscal 2021, respectively, in connection with litigation settlements for damaged inventory.