v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 37,808 $ 83,156
Accounts receivable, net of allowances of $6.5 million and $2.7 million, respectively 253,083 154,565
Commissions receivable-current 69,165 111,148
Other current assets 24,115 14,355
Total current assets 384,171 363,224
COMMISSIONS RECEIVABLE—Net 763,958 729,350
PROPERTY AND EQUIPMENT—Net 22,536 27,452
SOFTWARE—Net 13,952 14,740
OPERATING LEASE RIGHT-OF-USE ASSETS 19,341 23,563
INTANGIBLE ASSETS—Net 7,926 10,200
GOODWILL 29,136 29,136
OTHER ASSETS 4,119 21,586
TOTAL ASSETS 1,245,139 1,219,251
CURRENT LIABILITIES:    
Accounts payable 61,168 27,577
Accrued expenses 21,058 16,993
Accrued compensation and benefits 57,483 49,966
Operating lease liabilities—current 4,663 5,175
Current portion of long-term debt 37,717 33,883
Contract liabilities 3,655 1,691
Other current liabilities 4,227 1,972
Total current liabilities 189,971 137,257
LONG-TERM DEBT, NET—less current portion 648,331 664,625
DEFERRED INCOME TAXES 35,057 39,581
OPERATING LEASE LIABILITIES 22,326 27,892
OTHER LIABILITIES 2,649 2,926
Total liabilities 898,334 872,281
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Common stock, $0.01 par value 1,692 1,669
Additional paid-in capital 577,389 567,266
Accumulated deficit (238,752) (235,644)
Accumulated other comprehensive income 6,476 13,679
Total shareholders’ equity 346,805 346,970
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,245,139 $ 1,219,251