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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,108) $ (10,706)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 18,591 21,087
Loss on disposal of property, equipment, and software 13 390
Share-based compensation expense 10,512 8,525
Deferred income taxes (2,151) (1,416)
Amortization of debt issuance costs and debt discount 4,863 6,250
Write-off of debt issuance costs 293 710
Accrued interest payable in kind 14,323 8,450
Non-cash lease expense 1,945 3,115
Changes in operating assets and liabilities:    
Accounts receivable, net (98,519) (62,738)
Commissions receivable 7,375 17,092
Other assets (2,620) 3,166
Accounts payable and accrued expenses 36,073 6,440
Operating lease liabilities (3,802) (4,331)
Other liabilities 11,453 (8,869)
Net cash used in operating activities (4,759) (12,835)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (3,114) (1,056)
Proceeds from sales of property and equipment 253 0
Purchases of software and capitalized software development costs (6,065) (5,804)
Net cash used in investing activities (8,926) (6,860)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on Term Loans (30,412) (17,833)
Payments on other debt (112) (123)
Proceeds from common stock options exercised and employee stock purchase plan 8 1,187
Payments of tax withholdings related to net share settlement of equity awards (374) (40)
Payments of debt issuance costs (773) (10,110)
Payment of acquisition holdback 0 (2,335)
Net cash used in financing activities (31,663) (29,254)
NET DECREASE IN CASH AND CASH EQUIVALENTS (45,348) (48,949)
CASH AND CASH EQUIVALENTS—Beginning of period 83,156 140,997
CASH AND CASH EQUIVALENTS—End of period 37,808 92,048
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net (50,023) (43,309)
Income taxes paid $ (185) $ (15)