Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 6,263	$ 14,150
Inventories	221,906	242,315
Prepaid expenses	6,367	6,620
Other current assets	1,982	512
Total Current Assets	236,518	263,597
Property and equipment, net	118,397	94,723
Deferred financing costs	986	1,312
Other assets	2,252	2,338
Total Assets	358,153	361,970
Current liabilities:
Accounts payable	67,326	80,853
Accrued liabilities	44,260	43,797
Income taxes payable	11
Total Current Liabilities	111,597	124,650
Borrowings under revolving credit facility	30,500
Deferred rent	13,883	6,747
Asset retirement obligation — non current	2,307	2,561
Other liabilities — non current	1,027	730
Total Liabilities	159,314	134,688
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.01 per share, authorized 10,000,000 shares; none issued or outstanding
Common stock, par value $0.01 per share, authorized 100,000,000 shares; 46,904,295 shares issued and 45,120,634 shares outstanding at June 30, 2017 and 46,340,214 shares issued and 44,560,896 shares outstanding at June 30, 2016	469	463
Additional paid-in capital	234,604	230,488
Retained earnings/(deficit)	(29,422)	3,120
Less: 1,783,661 common shares in treasury, at cost, at June 30, 2017 and 1,779,318 common shares in treasury, at cost, at June 30, 2016	(6,812)	(6,789)
Total Stockholders’ Equity	198,839	227,282
Total Liabilities and Stockholders’ Equity	$ 358,153	$ 361,970