Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Summary of Components of Loss Before Income Taxes

The components of loss before income taxes and equity in net loss of equity-method investees were as follows:

	Fiscal Year Ended June 30,
	2025			2024			2023
Domestic	$	(456,528	)	$	(148,014	)	$	(183,601	)
Foreign		(57,203	)		67,733			54,020
Total	$	(513,731	)	$	(80,281	)	$	(129,581	)

Summary of the Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes consisted of the following:

	Fiscal Year Ended June 30,
	2025			2024			2023
Current:
Federal	$	3,686		$	(55	)	$	3,103
State and local		1,260			616			953
Foreign		14,774			14,980			7,719
		19,720			15,541			11,775
Deferred:
Federal		2,642			(23,403	)		(23,551	)
State and local		(5,599	)		(2,386	)		271
Foreign		(1,466	)		2,428			(2,673	)
		(4,423	)		(23,361	)		(25,953	)
Total	$	15,297		$	(7,820	)	$	(14,178	)

Schedule of Reconciliation of U.S Federal Statutory Rate to Effective Rate on (loss) Income before (Benefit) Provision for Income Taxes

The reconciliation of the U.S. federal statutory rate to the Company’s effective rate on (loss) income before (benefit) provision for income taxes is as follows:

	Fiscal Year Ended June 30,
	2025			%			2024			%			2023			%
Expected United States federal income tax at statutory rate	$	(107,884	)		21.0	%	$	(16,857	)		21.0	%	$	(27,233	)		21.0	%
State income taxes, net of federal benefit		(11,431	)		2.2	%		(5,060	)		6.3	%		(4,866	)		3.8	%
U.S. tax on foreign earnings		3,466			(0.7	)%		266			(0.3	)%		1,946			(1.5	)%
Foreign income at different rates		(6,538	)		1.3	%		(313	)		0.3	%		(905	)		0.7	%
Change in valuation allowance(a)		28,757			(5.6	)%		15,075			(18.8	)%		14,935			(11.5	)%
Change in reserves for uncertain tax positions(b)		25,863			(5.0	)%		2,044			(2.5	)%		637			(0.5	)%
Impairment of goodwill and intangibles(c)		77,615			(15.2	)%		—			—	%		—			—	%
Gain (loss) on disposal of subsidiary		2,104			(0.4	)%		(1,116	)		1.4	%		—			—	%
Stock-based compensation	393				(0.1	)%		945			(1.2	)%		—			—	%
Return to provision		(301	)		0.1	%		(4,274	)		5.3	%		—			—	%
Loss on capital asset		1,004			(0.2	)%		—			—	%		—			—	%
Other		2,249			(0.4	)%		1,470			(1.8	)%		1,308			(1.1	)%
Provision (benefit) for income taxes	$	15,297			(3.0	)%	$	(7,820	)		9.7	%	$	(14,178	)		10.9	%

(a) The Company estimated that it would not be able to utilize certain of its federal tax credit, federal tax losses and state tax loss carryovers due to its history of pretax losses and inability to carry back tax losses or credits for refunds. This negative evidence resulted in the Company increasing the valuation allowance on worldwide deferred tax assets in the year ended June 30, 2025 by $28,757, in the year ended June 30, 2024 by $15,075, and in the year ended June 30, 2023 by $14,935.

(b) The Company recorded an unrecognized tax benefit that may not be fully supported under audit.

(c) The Company recorded impairments of goodwill and intangibles to certain IP and most of the goodwill impaired did not have a deferred tax liability associated with it. Therefore the impact of these impairments is recorded as an impact to the effective tax rate.

Components of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following:

	Fiscal Year Ended June 30,
	2025			2024
Noncurrent deferred tax assets (liabilities):
Basis difference on inventory	$	3,877		$	4,884
Reserves not currently deductible		6,014			8,386
Basis difference on intangible assets		(29,280	)		(62,549	)
Basis difference on property and equipment		(18,198	)		(14,946	)
Other comprehensive loss (income)		2,302			(2,887	)
Net operating loss and tax credit carryforwards		74,121			67,186
Stock-based compensation		1,342			1,591
Unremitted earnings of foreign subsidiaries		(3,980	)		(1,873	)
Operating lease liability		15,905			18,615
Lease ROU assets		(14,931	)		(17,309	)
Other		18,879			18,702
Valuation allowances		(96,383	)		(67,626	)
Noncurrent deferred tax liabilities, net	$	(40,332	)	$	(47,826	)

Summary of Changes in Valuation Allowances

The changes in valuation allowances against deferred income tax assets were as follows:

	Fiscal Year Ended June 30,
	2025			2024
Balance at beginning of year	$	67,626		$	52,551
Additions charged to income tax expense		28,193			18,998
Reductions credited to income tax expense		(829	)		(3,858	)
Currency translation adjustments		1,393			(65	)
Balance at end of year	$	96,383		$	67,626

Schedule of Unrecognized Tax Benefits, Including Interest and Penalties Activity

Unrecognized tax benefits activity, including interest and penalties, is summarized below:

	Fiscal Year Ended June 30,
	2025		2024		2023
Balance at beginning of year	$	26,060	$	23,967	$	21,901
Additions based on tax positions related to the current year		24,555		1,906		1,519
Additions based on tax positions related to prior years		1,308		187		815
Reductions due to lapse in statute of limitations and settlements		—		—		(268	)
Balance at end of year	$	51,923	$	26,060	$	23,967