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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of (benefit) for income taxes are as follows:
| Fiscal Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Current tax expense: |  |  |  |  |
Federal | $ | 2,358 |  |  | $ | 39,462 |  |  | $ | 33,689 |
State | 424 |  |  | 9,071 |  |  | 6,632 |
Foreign | 345 |  |  | 1,331 |  |  | 1,532 |
Total current | 3,127 |  |  | 49,864 |  |  | 41,853 |
Deferred tax (benefit) expense: |  |  |  |  |
Federal | (3,872) |  |  | (14,230) |  |  | 4,661 |
State | (577) |  |  | (2,019) |  |  | 94 |
Foreign | (20) |  |  | (34) |  |  | (73) |
Total deferred | (4,469) |  |  | (16,283) |  |  | 4,682 |
Income tax (benefit) expense | $ | (1,342) |  |  | $ | 33,581 |  |  | $ | 46,535 |
Schedule of Effective Income Tax Rate Reconciliation | The income tax (benefit) expense differs from the amount computed by applying the federal statutory income tax rate to (loss) income from continuing operations before income taxes. The sources and tax effects of the differences are as follows:
| Fiscal Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Federal tax (benefit) provision at statutory rate | (21.0) | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit | (0.3) |  |  | 3.5 |  |  | 2.8 |
Permanent differences attributable to partnership investment | 1.5 |  |  | (0.5) |  |  | (1.0) |
Impairment charges - Maverick | 17.9 |  |  | — |  |  | — |
Non-controlling interest | (0.2) |  |  | (0.5) |  |  | (0.6) |
Other, net | (0.2) |  |  | 0.2 |  |  | — |
Total income (benefit) tax on continuing operations | (2.3) | % |  | 23.7 | % |  | 22.2 | %
Schedule of Deferred Tax Assets and Liabilities | The components of the Company's net deferred income tax assets and liabilities at June 30, 2024 and 2023 are as follows:
| As of June 30,
| 2024 |  | 2023
Deferred tax assets: |  |  |
Partnership basis differences | $ | 42,115 |  |  | $ | 69,193 |
Accrued liabilities and reserves | 1,222 |  |  | 1,436 |
State tax credits and NOLs | 12,859 |  |  | 8,922 |
Foreign tax credits | 580 |  |  | 580 |
Federal NOL and Credits | 19,335 |  |  | — |
Other | 754 |  |  | 381 |
Less valuation allowance | (17,355) |  |  | (16,876) |
Total deferred tax assets | 59,510 |  |  | 63,636 |
Deferred tax liabilities: |  |  |
Fixed assets and intangibles | 19,054 |  |  | 29,495 |
Other | 20 |  |  | 21 |
Total deferred tax liabilities | 19,074 |  |  | 29,516 |
Total net deferred tax assets | $ | 40,436 |  |  | $ | 34,120 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of changes in the amount of unrecognized tax benefits for the fiscal years ended June 30, 2024, 2023 and 2022 is as follows:
| Fiscal Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Balance as of July 1 | $ | 1,718 |  |  | $ | 1,472 |  |  | $ | 1,452 |
Additions based on tax positions taken during the current period | 129 |  |  | 363 |  |  | 314 |
Reductions due to statute settlements | (130) |  |  | (156) |  |  | (286) |
Additions (reductions) for tax positions of prior years | 79 |  |  | 39 |  |  | (8) |
Balance as of June 30 | $ | 1,796 |  |  | $ | 1,718 |  |  | $ | 1,472 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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