XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (636) $ 2,779
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation 3,215 3,503
Non-cash operating lease expense 37 0
Amortization expense 1,978 750
Remeasurement of contingent consideration liabilities 826 0
Stock-based compensation expense 4,651 0
Provision for doubtful accounts (280) (15)
Net unrealized gain on interest rate swap agreements (9,327) (1,393)
(Benefit) provision for deferred income tax (27) 0
(Gain) on disposition of assets (118) (6)
Deferred gain on sale leaseback (334) (334)
Deferred rent (2,079) 128
Change in operating assets and liabilities (net of effect of business combinations):    
Accounts receivable 48 863
Other receivables (8) (2,850)
Inventories (6,957) (4,671)
Prepaid expenses and other current assets 3,916 884
Other assets (1,861) 57
Accounts payable 2,363 (3,071)
Accrued liabilities and other payables 5,293 1,356
Net change in lease assets and liabilities 1,288 0
Net cash provided by (used in) operating activities 1,988 (2,020)
Cash flows from investing activities    
Proceeds from disposition of assets 0 6
Purchases of property, plant, and equipment (3,454) (7,792)
Net cash used in investing activities (3,454) (7,786)
Cash flows from financing activities    
Principal payments on line of credit (34,466) (6,304)
Proceeds from line of credit 30,317 17,675
Outstanding checks in excess of cash 4,042 387
Principal payments on long-term debt (3,753) (2,482)
Principal payments on finance leases (67) 0
Distributions to noncontrolling interest (66) 0
Repurchase of public warrants (172) 0
Payments on acquisition payable (39) (74)
Net cash (used in) provided by financing activities (4,204) 9,202
Net change in cash and restricted cash (5,670) (604)
Cash and restricted cash, beginning of period 50,292 123,679
Cash and restricted cash, end of period 44,622 123,075
Cash paid during the period for:    
Interest 3,187 2,603
Income taxes 0 0
Noncash investing and financing activities:    
Increase in operating lease assets and liabilities upon adoption of ASC 842 36,776 0
Increase in finance lease assets and liabilities upon adoption of ASC 842 $ 759 $ 0