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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 23,714 $ 24,442
Accounts receivable, net of allowance of $2,842 and $2,983, respectively 164,438 186,492
Contract assets 49,967 61,154
Prepaid expenses and other current assets 15,327 17,256
Total current assets 253,446 289,344
Property, technology, and equipment, net 22,890 24,823
Goodwill 86,751 88,199
Intangible assets, net 43,000 48,545
Operating lease right-of-use assets 44,143 41,111
Deposits and other assets 5,703 4,704
Long-term restricted cash 581 625
Total other long-term assets 180,178 183,184
Total assets 456,514 497,351
Current liabilities:    
Accounts payable 122,243 137,853
Operating partner commissions payable 19,030 18,731
Accrued expenses 9,387 11,349
Income tax payable 547 4,035
Current portion of notes payable 4,331 4,575
Current portion of operating lease liability 10,027 7,641
Current portion of finance lease liability 538 577
Current portion of contingent consideration 2,600 2,600
Other current liabilities 297 303
Total current liabilities 169,000 187,664
Notes payable, net of current portion 40,300 66,719
Operating lease liability, net of current portion 38,712 37,776
Finance lease liability, net of current portion 1,084 1,223
Contingent consideration, net of current portion 3,090 2,930
Deferred income taxes 5,984 6,482
Total long-term liabilities 89,170 115,130
Total liabilities 258,170 302,794
Commitments and contingencies (Note 15)
Equity:    
Common stock, $0.001 par value, 100,000,000 shares authorized; 51,418,835 and 51,265,543 shares issued, and 48,674,710 and 48,740,935 shares outstanding, respectively 33 33
Additional paid-in capital 106,314 106,146
Treasury stock, at cost, 2,744,125 and 2,524,608 shares, respectively (17,344) (16,004)
Retained earnings 113,431 104,998
Accumulated other comprehensive loss (4,274) (796)
Total Radiant Logistics, Inc. stockholders’ equity 198,160 194,377
Non-controlling interest 184 180
Total equity 198,344 194,557
Total liabilities and equity $ 456,514 $ 497,351