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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Operating activities:      
Net income $ 163,430 $ 114,282 $ 64,656
Adjustments to reconcile net income to net cash provided by operating activities:      
Non-cash compensation expense 6,342 5,581 3,042
Non-cash compensation to directors 1,054 834 829
Depreciation 19,365 15,636 12,249
Amortization 6,957 7,255 6,131
Deferred income taxes 4,793 6,992 8,715
Adjustment to tax receivable agreement liability 1,025 (88) (1,672)
Other items, net 1,350 2,075 2,211
Change in operating assets and liabilities (excluding effects of acquisition):      
Trade receivables (1,777) (32,860) 14,193
Inventories (38,050) (35,555) (5,263)
Prepaid expenses and other assets (1,303) 3,038 551
Accounts payable (287) 24,459 (5,812)
Accrued expenses 10,579 24,894 (239)
Income taxes receivable and payable (794) 3,539 (1,164)
Other liabilities (4,140) (5,263) (828)
Payment pursuant to tax receivable agreement (3,698) (3,505) (3,458)
Net cash provided by operating activities 164,846 131,314 94,141
Investing activities:      
Purchases of property and equipment (55,064) (30,677) (41,291)
Proceeds from sale of property and equipment 9 9 897
Payment for acquisition, net of cash acquired (6,566) (150,427) 0
Net cash used in investing activities (61,621) (181,095) (40,394)
Financing activities:      
Principal payments on long-term borrowings (76,250) (625) 0
Proceeds from long-term borrowings 0 25,000 0
Payment of deferred financing costs 0 (638) 0
Proceeds from revolving credit facility 72,000 65,000 103,800
Payments on revolving credit facility (20,000) (28,800) (135,000)
Repurchase and retirement of Class A Common Stock (34,642) 0 (13,833)
Cash paid for tax withholdings (2,058) (1,208) (831)
Distributions to non-controlling LLC Unit holders (2,717) (1,758) (1,836)
Proceeds received from exercise of stock options 3,287 375 377
Net cash (used in) provided by financing activities (60,380) 57,346 (47,323)
Effect of exchange rate changes on cash (580) 127 (29)
Changes in cash 42,265 7,692 6,395
Cash—Beginning of period 41,479 33,787 27,392
Cash—End of period 83,744 41,479 33,787
Supplemental cash flow information:      
Cash paid for interest 2,294 2,021 3,810
Cash paid for income taxes 42,064 23,469 10,529
Non-cash operating, investing and financing activities:      
Establishment of deferred tax assets from step-up in tax basis 0 2,755 1,364
Establishment of amounts payable under tax receivable agreements 0 2,142 1,041
Exchange of LLC Units for Class A Common Stock 0 1,373 879
Tax distributions payable to non-controlling LLC Unit holders 1,045 687 104
Capital expenditures in accounts payable $ 1,032 $ 2,419 $ 1,129