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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 24,106 $ 18,233
Restricted cash 201 0
Accounts receivable, net 16,104 24,561
Other receivables 371 507
Inventories 132,887 201,363
Assets held for sale, net 56,565 511
Current interest rate swap asset 4,341 4,669
Prepaid expenses 13,830 14,895
Total current assets 248,405 264,739
Property, plant, and equipment, net 173,065 215,967
Operating lease right-of-use assets 29,058 32,945
Finance lease right-of-use-assets 513 630
Intangible assets, net 22,670 38,994
Interest rate swap asset 2,157 4,317
Other assets 2,765 3,562
Total assets 478,633 561,154
Current liabilities:    
Line of credit 141,635 115,444
Accounts payable 15,094 20,413
Accrued liabilities and other payables 16,119 19,668
Accrued employee compensation 9,087 6,618
Current operating lease liabilities 6,358 6,243
Current finance lease liabilities 242 304
Current maturities of long-term debt 180,170 14,449
Total current liabilities 368,705 183,139
Other long-term liabilities 393 4,196
Long-term debt, less current maturities 0 173,409
Long-term operating lease liabilities 23,914 26,792
Long-term finance lease liabilities 279 334
Deferred tax liability 175 506
Total liabilities 393,466 388,376
Commitments and contingencies (Note 7)
Redeemable noncontrolling interest 246 262
Stockholders' equity    
Preferred stock, no par value, 2,000,000 shares authorized, and none issued and outstanding at March 31, 2024 and June 30, 2023. 0 0
Common stock, no par value, 200,000,000 shares authorized, 62,814,389 issued and 59,942,495 outstanding at March 31, 2024 and 62,234,028 issued and 59,362,134 outstanding at June 30, 2023. 0 0
Additional paid-in capital 384,745 381,689
Treasury stock, at cost: 2,871,894 shares held at March 31, 2024 and June 30, 2023. (26,034) (26,034)
Accumulated deficit (272,871) (182,308)
Total Vintage Wine Estates, Inc. stockholders' equity 85,840 173,347
Noncontrolling interests (919) (831)
Total stockholders' equity 84,921 172,516
Total liabilities, redeemable noncontrolling interest, and stockholders' equity $ 478,633 $ 561,154