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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES:        
Net income $ 2,572 $ (615) $ 12,505 $ 3,351
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES        
Share-based compensation     (1,180) 2,526
Amortization of intangible assets 3,012 2,583 8,821 7,780
Depreciation and amortization of property, technology, and equipment 1,924 1,957 5,958 5,650
Deferred income tax benefit (451) 1,303 (262) (186)
Amortization of debt issuance costs     300 384
Change in fair value of contingent consideration 250 0 (850) (450)
Change in fair value of interest rate swap contracts 291 170 1,032 903
Other     1,432 1,013
CHANGES IN OPERATING ASSETS AND LIABILITIES:        
Accounts receivable     (9,360) 20,718
Contract assets     991 (1,076)
Income tax receivable     1,693 (4,582)
Prepaid expenses, deposits, and other assets     1,706 3,743
Operating lease right-of-use assets     8,377 8,595
Accounts payable     (4,636) (14,235)
Operating partner commissions payable     (2,688) (5,380)
Accrued expenses and other liabilities     (4,811) (999)
Operating lease liabilities     (8,875) (8,286)
Payment of contingent consideration     0 (3,473)
Net cash provided by operating activities     10,153 15,996
INVESTING ACTIVITIES:        
Acquisitions, net of cash acquired     (25,677) (1,959)
Purchases of property, technology, and equipment     (4,229) (7,151)
Proceeds from sale of property, technology, and equipment     114 235
Net cash used for investing activities     (29,792) (8,875)
FINANCING ACTIVITIES:        
Proceeds from revolving credit facility     35,200 0
Repayments of revolving credit facility     (20,200) 0
Payments of debt issuance costs     0 (119)
Repayments of notes payable and finance lease liabilities     (555) (3,946)
Repurchases of common stock     (708) (3,081)
Payments of contingent consideration     (252) (250)
Distributions to non-controlling interest     (189) (495)
Proceeds from exercise of stock options     1,207 5
Payments of employee tax withholdings related to restricted stock units and stock options     (566) (371)
Net cash provided by (used for) financing activities     13,937 (8,257)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (131) (100)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH     (5,833) (1,236)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD     24,874 33,062
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 19,041 31,826 19,041 31,826
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:        
Cash and cash equivalents 19,041 31,233 19,041 31,233
Restricted cash 0 593 0 593
Total cash, cash equivalents, and restricted cash $ 19,041 $ 31,826 19,041 31,826
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Income taxes paid     5,053 6,236
Interest paid     $ 564 $ 394