Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 5,273	$ 11,395
Inventories	285,920	237,895
Prepaid expenses	5,435	5,388
Other current assets	1,499	1,822
Total Current Assets	298,127	256,500
Property and equipment, net	108,990	110,146
Operating lease right-of-use assets	351,755
Deferred financing costs	947	994
Other assets	2,882	2,881
Total Assets	762,701	370,521
Current liabilities:
Accounts payable	113,036	91,251
Accrued liabilities	47,721	45,923
Operating lease liabilities	66,914
Total Current Liabilities	227,671	137,174
Operating lease liabilities — non-current	311,114
Borrowings under revolving credit facility	57,900	34,650
Deferred rent		23,551
Asset retirement obligation — non-current	3,002	3,002
Other liabilities — non-current	1,215	835
Total Liabilities	600,902	199,212
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; 49,521,649 shares issued and 47,737,988 shares outstanding at September 30, 2019 and 48,466,930 shares issued and 46,683,269 shares outstanding at June 30, 2019	462	465
Additional paid-in capital	242,179	241,456
Retained deficit	(74,030)	(63,800)
Less: 1,783,661 common shares in treasury, at cost, at September 30, 2019 and 1,783,661 common shares in treasury, at cost, at June 30, 2019	(6,812)	(6,812)
Total Stockholders’ Equity	161,799	171,309
Total Liabilities and Stockholders’ Equity	$ 762,701	$ 370,521