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Organization and Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Summary of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheet that sums to the total of the same such amounts as shown in the consolidated statement of cash flows:

(in thousands)

 

June 30, 2022

 

 

June 30, 2021

 

Cash and cash equivalents

 

$

43,692

 

 

$

118,879

 

Restricted cash

 

 

6,600

 

 

 

4,800

 

Total cash, cash equivalents and restricted cash as shown in the consolidated statement of cash flows

 

$

50,292

 

 

$

123,679

 

Summary of Estimated Useful Lives Estimated useful lives are as follows:

Buildings and improvements

 

10 - 39 years

Cooperage

 

3 - 5 years

Furniture and equipment

 

3 - 10 years

Machinery and equipment

 

5 - 20 years

Vineyards

 

20 years

Summary of Revenue by Segment and Region

The following tables summarize the revenue by segment and region for the years ended June 30, 2022 and 2021, respectively:

 

 

June 30,

 

(in thousands)

 

2022

 

 

2021

 

Geographic regions:

 

 

 

 

 

 

United States

 

$

287,349

 

 

$

215,122

 

International

 

 

6,421

 

 

 

5,620

 

Total net revenue

 

$

293,770

 

 

$

220,742

 

Summary of Disaggregation of Revenue

The following table provides a disaggregation of revenue based on the pattern of revenue recognition for the years ended June 30, 2022 and 2021, respectively:

 

 

June 30,

 

(in thousands)

 

2022

 

 

2021

 

Point in time

 

$

253,677

 

 

$

186,906

 

Over a period of time

 

 

40,093

 

 

 

33,836

 

Total net revenue

 

$

293,770

 

 

$

220,742

 

Schedules of Customer Concentration Risk

The following table summarizes customer concentration:

 

 

June 30,

 

 

2022

 

2021

Customer A

 

 

 

 

Revenue as a percent of total revenue

 

21.0%

 

32.0%

Receivables as a percent of total receivables

 

26.0%

 

35.0%

Customer B

 

 

 

 

Revenue as a percent of total revenue

 

*

 

13.1%

Receivables as a percent of total receivables

 

*

 

21.0%

Customer C

 

 

 

 

Revenue as a percent of total revenue

 

*

 

10.9%

Receivables as a percent of total receivables

 

*

 

*

Customer D

 

 

 

 

Revenue as a percent of total revenue

 

*

 

*

Receivables as a percent of total receivables

 

*

 

10.4%

Customer E

 

 

 

 

Revenue as a percent of total revenue

 

22.9%

 

*

Receivables as a percent of total receivables

 

*

 

*

* Customer revenue or receivables did not exceed 10% in the respective periods.