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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 6,534 $ 46,676
Restricted cash 22,321  
Inventories 145,075 114,905
Prepaid expenses 5,486 6,353
Other current assets 3,385 7,210
Total Current Assets 182,801 175,144
Property and equipment, net 37,784 68,635
Operating lease right of-use assets 193,244 258,433
Deferred financing costs 2,459  
Other assets 1,596 3,178
Total Assets 417,884 505,390
Current liabilities:    
Debtor-in-possession financing   100
Accounts payable 45,930 5,514
Accrued liabilities 46,454 33,942
Operating lease liabilities 54,632 0
Total Current Liabilities 147,016 39,556
Operating lease liabilities — non-current 156,240 0
Borrowings under revolving credit facility 12,000  
Long term debt (see Note 3 for amounts due to related parties) 26,374  
Asset retirement obligation — non-current 1,021 1,213
Other liabilities — non-current 3,432 1,347
Total Non-Current Liabilities 346,083 42,116
Liabilities subject to compromise   456,339
Total Liabilities 346,083 498,455
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 200,000,000 shares at June 30, 2021 and authorized 100,000,000 shares at June 30, 2020; 87,988,233 shares issued and 86,204,572 shares outstanding at June 30, 2021 and 49,124,313 shares issued and 47,340,652 shares outstanding at June 30, 2020 862 455
Additional paid-in capital 305,498 244,021
Retained deficit (227,747) (230,729)
Less: 1,783,661 common shares in treasury, at cost, at June 30, 2021 and at June 30, 2020, respectively (6,812) (6,812)
Total Stockholders’ Equity 71,801 6,935
Total Liabilities and Stockholders’ Equity $ 417,884 $ 505,390