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Equity Method Investment in Equity Investee (Tables)
 12 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of deconsolidation The gain on deconsolidation of the JV Company was calculated as follows:
(in thousands)
Cash received for sales of shares in the JV Company
$16,924 
Fair value of retained equity method investment
393,124 
Carrying amount of non-controlling interest
143,889 
Cumulative translation adjustment removal
1,793 
Carrying amount of net assets of the JV Company at December 1, 2021
(156,637)
Gain on deconsolidation of the JV Company
$399,093 
The net loss associated with these sales of JV Company equity interest held by the Company was recorded in the fiscal year ended June 30, 2022 as follows:

(in thousands)
Gain on 1.1% equity interest sold
$475 
Loss on diluted equity interest from issuance of shares under the employee equity incentive plan
(8,116)
Gain on 7.82% equity interest sold
4,501 
Loss on changes on equity interest of the JV Company, net
$(3,140)
Summarized financial information of joint venture
The following table presents summarized financial information for the JV Company (in thousands):
As of March 31, 2024
As of March 31, 2023As of March 31, 2022
Current assets$86,280 $122,324 $198,323 
Non-current assets$338,450 $333,165 $364,777 
Current liabilities$70,776 $122,340 $251,988 
Non-current liabilities$81,899 $36,525 $76,207 
For the period April 1, 2023 to March 31, 2024
For the period April 1, 2022 to March 31, 2023
For the period December 2, 2021 to March 31, 2022
Revenue$128,951 $178,974 $68,972 
Gross loss (income)$(1,844)$(4,502)$870 
Operating expenses$9,174 $5,939 $2,280 
Net loss$9,477 $4,906 $6,197