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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Tax Disclosure [Abstract] |
Summary of Components of Loss Before Income Taxes | The components of loss before income taxes and equity in net loss of equity-method investees were as follows:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Domestic |  | $ | (456,528 | ) |  | $ | (148,014 | ) |  | $ | (183,601 | )
Foreign |  |  | (57,203 | ) |  |  | 67,733 |  |  |  | 54,020 |
Total |  | $ | (513,731 | ) |  | $ | (80,281 | ) |  | $ | (129,581 | )
Summary of the Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes consisted of the following:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 3,686 |  |  | $ | (55 | ) |  | $ | 3,103 |
State and local |  |  | 1,260 |  |  |  | 616 |  |  |  | 953 |
Foreign |  |  | 14,774 |  |  |  | 14,980 |  |  |  | 7,719 |
|  |  | 19,720 |  |  |  | 15,541 |  |  |  | 11,775 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 2,642 |  |  |  | (23,403 | ) |  |  | (23,551 | )
State and local |  |  | (5,599 | ) |  |  | (2,386 | ) |  |  | 271 |
Foreign |  |  | (1,466 | ) |  |  | 2,428 |  |  |  | (2,673 | )
|  |  | (4,423 | ) |  |  | (23,361 | ) |  |  | (25,953 | )
Total |  | $ | 15,297 |  |  | $ | (7,820 | ) |  | $ | (14,178 | )
Schedule of Reconciliation of U.S Federal Statutory Rate to Effective Rate on (loss) Income before (Benefit) Provision for Income Taxes | The reconciliation of the U.S. federal statutory rate to the Company’s effective rate on (loss) income before (benefit) provision for income taxes is as follows:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | % |  |  | 2024 |  |  | % |  |  | 2023 |  |  | % |
Expected United States federal income tax at statutory rate |  | $ | (107,884 | ) |  |  | 21.0 | % |  | $ | (16,857 | ) |  |  | 21.0 | % |  | $ | (27,233 | ) |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | (11,431 | ) |  |  | 2.2 | % |  |  | (5,060 | ) |  |  | 6.3 | % |  |  | (4,866 | ) |  |  | 3.8 | %
U.S. tax on foreign earnings |  |  | 3,466 |  |  |  | (0.7 | )% |  |  | 266 |  |  |  | (0.3 | )% |  |  | 1,946 |  |  |  | (1.5 | )%
Foreign income at different rates |  |  | (6,538 | ) |  |  | 1.3 | % |  |  | (313 | ) |  |  | 0.3 | % |  |  | (905 | ) |  |  | 0.7 | %
Change in valuation allowance(a) |  |  | 28,757 |  |  |  | (5.6 | )% |  |  | 15,075 |  |  |  | (18.8 | )% |  |  | 14,935 |  |  |  | (11.5 | )%
Change in reserves for uncertain tax positions(b) |  |  | 25,863 |  |  |  | (5.0 | )% |  |  | 2,044 |  |  |  | (2.5 | )% |  |  | 637 |  |  |  | (0.5 | )%
Impairment of goodwill and intangibles(c) |  |  | 77,615 |  |  |  | (15.2 | )% |  |  | — |  |  |  | — | % |  |  | — |  |  |  | — | %
Gain (loss) on disposal of subsidiary |  |  | 2,104 |  |  |  | (0.4 | )% |  |  | (1,116 | ) |  |  | 1.4 | % |  |  | — |  |  |  | — | %
Stock-based compensation |  | 393 |  |  |  | (0.1 | )% |  |  | 945 |  |  |  | (1.2 | )% |  |  | — |  |  |  | — | %
Return to provision |  |  | (301 | ) |  |  | 0.1 | % |  |  | (4,274 | ) |  |  | 5.3 | % |  |  | — |  |  |  | — | %
Loss on capital asset |  |  | 1,004 |  |  |  | (0.2 | )% |  |  | — |  |  |  | — | % |  |  | — |  |  |  | — | %
Other |  |  | 2,249 |  |  |  | (0.4 | )% |  |  | 1,470 |  |  |  | (1.8 | )% |  |  | 1,308 |  |  |  | (1.1 | )%
Provision (benefit) for income taxes |  | $ | 15,297 |  |  |  | (3.0 | )% |  | $ | (7,820 | ) |  |  | 9.7 | % |  | $ | (14,178 | ) |  |  | 10.9 | %
(a) The Company estimated that it would not be able to utilize certain of its federal tax credit, federal tax losses and state tax loss carryovers due to its history of pretax losses and inability to carry back tax losses or credits for refunds. This negative evidence resulted in the Company increasing the valuation allowance on worldwide deferred tax assets in the year ended June 30, 2025 by $28,757, in the year ended June 30, 2024 by $15,075, and in the year ended June 30, 2023 by $14,935. (b) The Company recorded an unrecognized tax benefit that may not be fully supported under audit. (c) The Company recorded impairments of goodwill and intangibles to certain IP and most of the goodwill impaired did not have a deferred tax liability associated with it. Therefore the impact of these impairments is recorded as an impact to the effective tax rate.
Components of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities consisted of the following:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |
Noncurrent deferred tax assets (liabilities): |  |  |  |  |  |
Basis difference on inventory |  | $ | 3,877 |  |  | $ | 4,884 |
Reserves not currently deductible |  |  | 6,014 |  |  |  | 8,386 |
Basis difference on intangible assets |  |  | (29,280 | ) |  |  | (62,549 | )
Basis difference on property and equipment |  |  | (18,198 | ) |  |  | (14,946 | )
Other comprehensive loss (income) |  |  | 2,302 |  |  |  | (2,887 | )
Net operating loss and tax credit carryforwards |  |  | 74,121 |  |  |  | 67,186 |
Stock-based compensation |  |  | 1,342 |  |  |  | 1,591 |
Unremitted earnings of foreign subsidiaries |  |  | (3,980 | ) |  |  | (1,873 | )
Operating lease liability |  |  | 15,905 |  |  |  | 18,615 |
Lease ROU assets |  |  | (14,931 | ) |  |  | (17,309 | )
Other |  |  | 18,879 |  |  |  | 18,702 |
Valuation allowances |  |  | (96,383 | ) |  |  | (67,626 | )
Noncurrent deferred tax liabilities, net |  | $ | (40,332 | ) |  | $ | (47,826 | )
Summary of Changes in Valuation Allowances | The changes in valuation allowances against deferred income tax assets were as follows:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |
Balance at beginning of year |  | $ | 67,626 |  |  | $ | 52,551 |
Additions charged to income tax expense |  |  | 28,193 |  |  |  | 18,998 |
Reductions credited to income tax expense |  |  | (829 | ) |  |  | (3,858 | )
Currency translation adjustments |  |  | 1,393 |  |  |  | (65 | )
Balance at end of year |  | $ | 96,383 |  |  | $ | 67,626 |
Schedule of Unrecognized Tax Benefits, Including Interest and Penalties Activity | Unrecognized tax benefits activity, including interest and penalties, is summarized below:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Balance at beginning of year |  | $ | 26,060 |  |  | $ | 23,967 |  |  | $ | 21,901 |
Additions based on tax positions related to the current year |  |  | 24,555 |  |  |  | 1,906 |  |  |  | 1,519 |
Additions based on tax positions related to prior years |  |  | 1,308 |  |  |  | 187 |  |  |  | 815 |
Reductions due to lapse in statute of limitations and settlements |  |  | — |  |  |  | — |  |  |  | (268 | )
Balance at end of year |  | $ | 51,923 |  |  | $ | 26,060 |  |  | $ | 23,967 |

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