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Stock-based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Schedule of stock-based compensation expense | A summary of our aggregate share-based compensation expense is set forth below. Stock-based compensation expense is included in corporate, general and administrative expenses on our consolidated statements of operations.
| Year ended June 30,
| 2023 |  | 2022
| in thousands
Stock options | $ | 1,010 |  |  | $ | 719 |
Profits interests units | 867 |  |  | 1,162 |
Restricted stock units | 3,116 |  |  | 1,858 |
Total stock-based compensation expense | $ | 4,993 |  |  | $ | 3,739 |
Profits interests units |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Summary of profits interests transactions and number of units outstanding | A summary of profits interests activity for the year ended June 30, 2023, was as follows:
Time-based unit awards |  | Number of units |  | Weighted average grant date fair value
Unvested balance, June 30, 2022 |  | 2,158,072 |  | $ | 1.28 |
Granted |  | — |  | $ | — |
Forfeited |  | (49,654) |  | $ | 1.28 |
Vested |  | (844,081) |  | $ | 1.28 |
Unvested balance, June 30, 2023 |  | 1,264,337 |  | $ | 1.28 |
Performance-based unit awards |  | Number of units |  | Weighted average grant date fair value
Unvested balance, June 30, 2022 |  | 2,217,865 |  | $ | 0.57 |
Granted |  | — |  | $ | — |
Forfeited |  | (99,307) |  | $ | 0.57 |
Vested |  | — |  | $ | — |
Unvested balance, June 30, 2023 |  | 2,118,558 |  | $ | 0.57 |
Restricted stock units - time based |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Summary of restricted stock units activity | A summary of time-based vesting restricted stock units activity for the year ended June 30, 2023, was as follows:
Restricted stock units - time based |  | Number of awards |  | Weighted average grant-date fair value per share
Outstanding balance, June 30, 2022 |  | 476,768 |  | $ | 9.69 |
Forfeited |  | (236,344) |  | $ | 5.19 |
Vested |  | (194,337) |  | $ | 6.29 |
Granted |  | 1,827,707 |  | $ | 6.49 |
Outstanding balance, June 30, 2023 |  | 1,873,794 |  | $ | 10.10 |
Restricted stock units - performance based |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Summary of restricted stock units activity | A summary of performance-based vesting restricted stock units activity for the year ended June 30, 2023, was as follows:
Restricted stock units - performance based |  | Number of awards |  | Weighted average grant-date fair value per share
Outstanding balance, June 30, 2022 |  | 258,767 |  | $ | 5.18 |
Forfeited |  | — |  | $ | — |
Vested |  | — |  | $ | — |
Granted |  | — |  | $ | — |
Outstanding balance, June 30, 2023 |  | 258,767 |  | $ | 5.18 |
Stock options - performance based |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Summary of weighted-average assumptions | The fair value of the performance-based restricted stock units and performance-based stock options granted during the year ended June 30, 2022, was based upon a Monte Carlo option pricing model using the assumptions in the following table:
| 2022
Expected volatility | 34.5 | %
Expected term (in years) | 5.0
Interest rate | 1.56 | %
Dividend yield | 0 | %
Weighted-average fair values | $ | 5.18 |
Fair value of underlying stock | $ | 7.89 |
Summary of stock option activity | A summary of performance-based vesting stock option activity for the year ended June 30, 2023, was as follows:
Stock options - performance based |  | Number of awards |  | Weighted average grant-date fair value per share
Outstanding balance, June 30, 2022 |  | 776,299 |  | $ | 3.08 |
Granted |  | — |  | $ | — |
Forfeited |  | — |  | $ | — |
Vested |  | — |  | $ | — |
Outstanding balance, June 30, 2023 |  | 776,299 |  | $ | 3.08 |
Time-based option awards |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Summary of weighted-average assumptions | The fair value of the time-based stock options granted during the year ended June 30, 2023, was based upon the Black-Scholes option pricing model using the assumptions in the following table:
| 2023
Expected volatility | 34.5 | %
Weighted-average expected life (years) - time vesting units | 2.9
Interest rate | 1.56 | %
Dividend yield | 0 | %
Weighted-average fair values | $ | 0.80 |
Fair value of underlying stock | $ | 3.70 |
Summary of stock option activity | A summary of time-based vesting stock option activity for the year ended June 30, 2023, was as follows:
Stock options - time based |  | Number of awards |  | Weighted average grant-date fair value per share
Outstanding balance, June 30, 2022 |  | 554,499 |  | $ | 1.61 |
Granted |  | 162,162 |  | $ | 0.80 |
Forfeited |  | — |  | $ | — |
Exercised |  | — |  | $ | — |
Expired |  | — |  | $ | — |
Outstanding balance, June 30, 2023 |  | 716,661 |  | $ | 1.43 |
Exercisable balance, June 30, 2023 |  | 207,936 |  | $ | 0.21 |
2020 Equity Incentive Plan |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Summary of weighted-average assumptions | The assumptions under the Monte Carlo model related to the profits interests units, presented on a weighted-average basis, are provided below:
| 2021
Expected volatility | 44 | %
Expected life (years) - time vesting units | 1.8
Interest rate | 0.16 | %
Dividend yield | — | %
Weighted-average fair value | $ | 1.28 |
Fair value of underlying stock | $ | 5.49 |

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