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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net earnings/(loss) $ 2,982 $ (166,328) $ (12,440)
Adjustments to reconcile net earnings/(loss) to net cash provided by/(used in) operating activities:      
Depreciation and amortization 15,412 27,019 26,127
Loss on impairment and abandonment of assets 5,638 105,158  
Intangible impairment charge 1,639    
Amortization of financing costs and interest expense 7,177 1,606 276
Loss on disposal of assets (1,389) 46 7
Gain on sale-leaseback transaction (49,639)    
Stock-based compensation 2,054 2,720 3,536
Rights offering and Backstop agreement 19,990    
Gain on lease terminations (93,278)    
Deferred income taxes 24 311 307
Construction allowances from landlords 451 1,312 1,491
Change in operating assets and liabilities:      
Inventories (30,114) 122,825 (3,578)
Prepaid and other current assets 323 (2,547) 483
Lease assets and liabilities (7,941) 2,941  
Accounts payable (43,051) 2,726 (873)
Accrued liabilities 10,082 (3,105) 4,954
Deferred rent     (823)
Other liabilities—non-current 1,585 (814) 100
Net cash (used in)/provided by operating activities (158,055) 93,870 19,567
Cash flows from investing activities:      
Capital expenditures (3,783) (15,825) (16,044)
Purchase of intellectual property   (27) (299)
Proceeds from sale-leaseback transaction 68,566    
Proceeds from sales of assets 1,897 1,950 31
Net cash provided by/(used in) investing activities 66,680 (13,902) (16,312)
Cash flows from financing activities:      
Proceeds under revolving credit facility 811,031 308,506 229,190
Repayments under revolving credit facility (799,131) (343,056) (233,020)
Change in cash overdraft   (4,996) 3,213
Proceeds from term loan 25,000    
Proceeds from Rights Offering 40,000    
Proceeds from the issuance of common stock 45   8
Payments on finance leases (217) (224) (162)
Payments of financing fees (3,174) (4,917) (599)
Net cash provided by/(used in) financing activities 73,554 (44,687) (1,370)
Net increase-(decrease) in cash, cash equivalents and restricted cash (17,821) 35,281 1,885
Cash, cash equivalents and restricted cash, beginning of period 46,676 11,395 9,510
Cash, cash equivalents and restricted cash, end of period 28,855 46,676 11,395
Supplemental cash flow information:      
Interest paid 2,623 2,141 2,140
Income taxes paid/(refunded) $ 478 $ (104) 212
Finance/capital lease obligations incurred     $ 253