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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:      
Net income (loss) $ 123,536 $ 91,060 $ (7,385)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Gain from sale of OSP (Note 3) (8,396) (2,000) (4,562)
Depreciation and amortization (Note 1) 2,876 3,403 7,189
Long-lived asset impairment 352 798 101
Deferred income taxes (113,891) 519 (8)
Inventory reserve 0 0 1,228
Non-cash interest 5,299 3,418 3,790
Gain on extinguishment of long-term debt, net 0 (94,611) 0
Stock-based compensation 1,940 1,558 2,316
Amortization of debt discount and financing costs 3,418 2,987 2,891
Other non-cash items affecting earnings (202) 432 155
Changes in operating assets and liabilities:      
Receivables [1] (37) 848 943
Inventories [1] 871 851 (182)
Income tax receivable [1] (137) 1,230 (577)
Other current assets [1] 402 (466) 850
Other assets [1] 4,402 5,829 6,818
Ad fund 8,363 (2,435) 1,781
Accounts payable [1] (504) 831 (2,278)
Accrued expenses [1] (5,289) (4,812) (6,151)
Net lease liabilities [1] (2,073) (1,942) (4,991)
Other non-current liabilities [1] (7,186) (9,538) (9,817)
Net cash provided by (used in) operating activities: 13,744 (2,040) (7,889)
Cash flows from investing activities:      
Capital expenditures (1,295) (376) (481)
Net proceeds from sale of OSP 8,463 2,000 4,500
Business acquisitions, net of cash acquired and certain obligations assumed (18,621) 0 0
Net cash (used in) provided by investing activities: (11,453) 1,624 4,019
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 15,000 105,000 0
Repayments of long-term debt (1,125) (96,499) (11,083)
Borrowings on revolving credit facility 4,326 14,238 13,357
Repayments of revolving credit facility (13,534) 0 0
Debt refinancing fees (1,003) (14,360) (4,383)
Taxes paid for shares withheld (75) (16) (36)
Net cash provided by (used in) financing activities: 3,589 8,363 (2,145)
Effect of exchange rate changes on cash and cash equivalents 13 (31) (53)
Increase (decrease) in cash, cash equivalents and restricted cash 5,893 7,916 (6,068)
Cash, cash equivalents and restricted cash:      
Beginning of year 35,205 29,312 21,396
End of year $ 35,205 $ 29,312 $ 21,396
[1] Changes in operating assets and liabilities exclude assets and liabilities sold or acquired.