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Stock-based Compensation (Tables)
12 Months Ended
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,
20232022
in thousands
Stock options$1,010 $719 
Profits interests units867 1,162 
Restricted stock units3,116 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 awardsNumber of
units
Weighted average
grant date fair value
Unvested balance, June 30, 20222,158,072$1.28 
Granted$— 
Forfeited(49,654)$1.28 
Vested(844,081)$1.28 
Unvested balance, June 30, 20231,264,337$1.28 
Performance-based unit awardsNumber of
units
Weighted average
grant date fair value
Unvested balance, June 30, 20222,217,865$0.57 
Granted$— 
Forfeited(99,307)$0.57 
Vested$— 
Unvested balance, June 30, 20232,118,558$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 basedNumber of
awards
Weighted
average
grant-date fair
value per share
Outstanding balance, June 30, 2022476,768$9.69 
Forfeited(236,344)$5.19 
Vested(194,337)$6.29 
Granted1,827,707$6.49 
Outstanding balance, June 30, 20231,873,794$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 basedNumber of
awards
Weighted
average
grant-date fair
value per share
Outstanding balance, June 30, 2022258,767$5.18 
Forfeited$— 
Vested$— 
Granted$— 
Outstanding balance, June 30, 2023258,767$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 volatility34.5 %
Expected term (in years)5.0
Interest rate1.56 %
Dividend yield%
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 basedNumber of
awards
Weighted
average
grant-date fair
value per share
Outstanding balance, June 30, 2022776,299$3.08 
Granted$— 
Forfeited$— 
Vested$— 
Outstanding balance, June 30, 2023776,299$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 volatility34.5 %
Weighted-average expected life (years) - time vesting units2.9
Interest rate1.56 %
Dividend yield%
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 basedNumber of
awards
Weighted
average
grant-date fair
value per share
Outstanding balance, June 30, 2022554,499$1.61 
Granted162,162$0.80 
Forfeited$— 
Exercised $— 
Expired$— 
Outstanding balance, June 30, 2023716,661$1.43 
Exercisable balance, June 30, 2023207,936$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 volatility44 %
Expected life (years) - time vesting units1.8
Interest rate0.16 %
Dividend yield— %
Weighted-average fair value$1.28 
Fair value of underlying stock$5.49