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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net revenue        
Total revenue $ 45,665 $ 64,651 $ 186,928 $ 221,132
Cost of revenue        
Total cost of revenue 35,165 51,375 166,711 152,580
Gross profit 10,500 13,276 20,217 68,552
Selling, general, and administrative expenses 24,158 26,506 78,168 90,094
Amortization expense 1,055 1,813 4,579 5,429
Goodwill impairment losses 0 0 0 125,285
Intangible impairment losses 360 0 5,102 12,643
Gain on remeasurement of contingent liability (1,065) 0 (6,273) (3,289)
Restructuring expense 1,286 0 5,130 0
(Gain) loss on insurance and litigation 0 (884) 148 (1,414)
Loss (gain) on sale of assets and assets held for sale 5,241 (5,977) 4,442 (1,546)
Loss from operations (20,535) (8,182) (71,079) (158,650)
Other income (expense)        
Interest expense (6,108) (4,291) (17,152) (13,322)
Net gain (loss) on interest rate swap agreements 357 (3,596) (2,464) 4,892
Loss on extingushment of debt 0 0 0 (479)
Other, net (129) (161) (155) 326
Total other (expense) income, net (5,880) (8,048) (19,771) (8,583)
Loss before provision for income taxes (26,415) (16,230) (90,850) (167,233)
Income tax benefit (228) (2,702) (183) (24,880)
Net loss (26,187) (13,528) (90,667) (142,353)
Net loss attributable to the noncontrolling interests (33) (14) (104) (1,235)
Net loss attributable to common stockholders $ (26,154) $ (13,514) $ (90,563) $ (141,118)
Net (loss) earnings per share allocable to common stockholders        
Basic $ (0.44) $ (0.23) $ (1.52) $ (2.39)
Diluted $ (0.44) $ (0.23) $ (1.52) $ (2.39)
Weighted average shares used in the calculation of earnings per share allocable to common stockholders        
Basic 59,902,030 59,289,659 59,678,013 59,014,915
Diluted 59,902,030 59,289,659 59,678,013 59,014,915
Wine, spirits and cider        
Net revenue        
Total revenue $ 32,303 $ 41,276 $ 131,804 $ 147,252
Cost of revenue        
Total cost of revenue 24,016 37,575 126,344 107,251
Nonwine        
Net revenue        
Total revenue 13,362 23,375 55,124 73,880
Cost of revenue        
Total cost of revenue $ 11,149 $ 13,800 $ 40,367 $ 45,329