Quarterly report pursuant to Section 13 or 15(d)

Segments and Geographic Information - Schedule of Segment Reporting Information, by Segment (Details)

v3.24.1.u1
Segments and Geographic Information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2023
Segment Reporting Information [Line Items]          
Revenues $ 2,610,651,000 $ 2,317,150,000 $ 7,174,084,000 $ 6,167,206,000  
Gross profit $ 34,838,000 $ 75,498,000 $ 130,284,000 $ 216,059,000  
Gross margin percentage by segment 1.334% 3.258% 1.816% 3.503%  
Selling, general, and administrative expenses $ (22,854,000) $ (23,841,000) $ (67,095,000) $ (62,438,000)  
Depreciation and amortization expense (2,949,000) (3,340,000) (8,552,000) (9,784,000)  
Interest income 6,682,000 6,087,000 19,095,000 16,167,000  
Interest expense (9,907,000) (9,237,000) (29,898,000) (22,603,000)  
Earnings (losses) from equity method investments (206,000) (70,000) 3,280,000 7,276,000  
Other income (expense), net 763,000 641,000 1,605,000 2,001,000  
Unrealized gains on foreign exchange 73,000 35,000 84,000 250,000  
Total net income (loss) before provision for income taxes 6,440,000 45,773,000 48,803,000 146,928,000  
Advertising expense (3,533,000) (3,864,000) (11,301,000) (11,614,000)  
Precious metals held under financing arrangements [1] 12,772,000   12,772,000   $ 25,530,000
Inventories 1,089,635,000   1,089,635,000   981,643,000
Assets 1,669,487,000   1,669,487,000   1,545,571,000
Capital expenditures on property, plant, and equipment (694,000) (565,000) (4,518,000) (3,227,000)  
Goodwill 120,956,000   120,956,000   100,943,000
Intangible assets 74,917,000   74,917,000   62,630,000
United States          
Segment Reporting Information [Line Items]          
Revenues 1,130,113,000 1,365,078,000 3,468,807,000 3,686,828,000  
Inventories 1,010,237,000   1,010,237,000   938,177,000
Assets 1,540,939,000   1,540,939,000   1,500,555,000
Europe          
Segment Reporting Information [Line Items]          
Revenues 1,340,189,000 719,519,000 3,276,250,000 1,836,949,000  
Inventories 22,621,000   22,621,000   18,454,000
Assets 28,509,000   28,509,000   20,004,000
North America, excluding United States          
Segment Reporting Information [Line Items]          
Revenues 127,189,000 218,810,000 390,985,000 613,454,000  
Inventories 18,470,000   18,470,000   20,787,000
Assets 18,470,000   18,470,000   20,787,000
Asia Pacific          
Segment Reporting Information [Line Items]          
Revenues 12,329,000 13,065,000 34,831,000 22,846,000  
Africa          
Segment Reporting Information [Line Items]          
Revenues 12,000   12,000    
Australia          
Segment Reporting Information [Line Items]          
Revenues 819,000 678,000 3,199,000 7,129,000  
Inventories 0   0   86,000
Assets 0   0   86,000
Asia          
Segment Reporting Information [Line Items]          
Inventories 38,307,000   38,307,000   4,139,000
Assets 81,569,000   81,569,000   4,139,000
Wholesale Sales & Ancillary Services          
Segment Reporting Information [Line Items]          
Revenues 2,274,977,000 1,795,140,000 6,142,233,000 4,766,981,000  
Gross profit $ 16,834,000 $ 32,286,000 $ 69,065,000 $ 94,208,000  
Gross margin percentage by segment 0.74% 1.799% 1.124% 1.976%  
Operating income (expense) $ (15,976,000) $ (15,054,000) $ (40,693,000) $ (27,067,000)  
Selling, general, and administrative expenses (12,202,000) (12,428,000) (33,366,000) (29,377,000)  
Depreciation and amortization expense (474,000) (247,000) (1,084,000) (703,000)  
Interest income 3,676,000 3,601,000 10,657,000 9,081,000  
Interest expense (7,266,000) (5,979,000) (20,989,000) (13,696,000)  
Earnings (losses) from equity method investments (223,000) (72,000) 3,269,000 7,272,000  
Other income (expense), net 440,000 36,000 736,000 106,000  
Unrealized gains on foreign exchange 73,000 35,000 84,000 250,000  
Total net income (loss) before provision for income taxes 858,000 17,232,000 28,372,000 67,141,000  
Advertising expense (585,000) (384,000) (1,870,000) (975,000)  
Precious metals held under financing arrangements 12,772,000   12,772,000   10,580,000
Inventories 965,595,000   965,595,000   815,576,000
Assets 1,045,853,000   1,045,853,000   896,606,000
Capital expenditures on property, plant, and equipment (676,000) (313,000) (3,821,000) (1,827,000)  
Goodwill 28,894,000   28,894,000   8,881,000
Intangible assets 12,853,000   12,853,000   2,687,000
Direct-to-Consumer          
Segment Reporting Information [Line Items]          
Revenues 335,674,000 522,010,000 1,031,851,000 1,400,225,000  
Gross profit $ 18,004,000 $ 43,212,000 $ 61,219,000 $ 121,851,000  
Gross margin percentage by segment 5.364% 8.278% 5.933% 8.702%  
Operating income (expense) $ (13,226,000) $ (15,192,000) $ (42,248,000) $ (43,474,000)  
Selling, general, and administrative expenses (10,259,000) (10,900,000) (32,569,000) (31,625,000)  
Depreciation and amortization expense (2,392,000) (3,005,000) (7,209,000) (8,817,000)  
Interest expense (580,000) (1,287,000) (2,475,000) (3,020,000)  
Other income (expense), net 5,000 0 5,000 (12,000)  
Total net income (loss) before provision for income taxes 4,778,000 28,020,000 18,971,000 78,377,000  
Advertising expense (2,889,000) (3,424,000) (9,261,000) (10,455,000)  
Inventories 124,040,000   124,040,000   109,226,000
Assets 505,200,000   505,200,000   471,796,000
Capital expenditures on property, plant, and equipment (18,000) (252,000) (697,000) (1,400,000)  
Goodwill 92,062,000   92,062,000   92,062,000
Intangible assets 62,064,000   62,064,000   59,943,000
Secured Lending          
Segment Reporting Information [Line Items]          
Revenues     0    
Gross profit     0    
Operating income (expense) 804,000 521,000 1,460,000 1,410,000  
Selling, general, and administrative expenses (393,000) (513,000) (1,160,000) (1,436,000)  
Depreciation and amortization expense (83,000) (88,000) (259,000) (264,000)  
Interest income 3,006,000 2,486,000 8,438,000 7,086,000  
Interest expense (2,061,000) (1,971,000) (6,434,000) (5,887,000)  
Earnings (losses) from equity method investments 17,000 2,000 11,000 4,000  
Other income (expense), net 318,000 605,000 864,000 1,907,000  
Total net income (loss) before provision for income taxes 804,000 521,000 1,460,000 1,410,000  
Advertising expense (59,000) (56,000) (170,000) (184,000)  
Precious metals held under financing arrangements 0   0   14,950,000
Inventories 0   0   56,841,000
Assets 118,434,000   118,434,000   177,169,000
Operating Segments | Wholesale Sales & Ancillary Services          
Segment Reporting Information [Line Items]          
Revenues 2,517,536,000 2,204,422,000 6,866,354,000 5,819,421,000  
Gross profit $ 16,323,000 $ 25,943,000 $ 64,650,000 $ 93,236,000  
Gross margin percentage by segment 0.648% 1.177% 0.942% 1.602%  
Operating income (expense) $ (15,954,000) $ (14,990,000) $ (40,603,000) $ (26,889,000)  
Assets 1,254,692,000   1,254,692,000   1,110,615,000
Eliminations of Inter-Segment Sales | Wholesale Sales & Ancillary Services          
Segment Reporting Information [Line Items]          
Revenues (242,559,000) (409,282,000) (724,121,000) (1,052,440,000)  
Gross profit 511,000 6,343,000 4,415,000 972,000  
Operating income (expense) (22,000) (64,000) (90,000) (178,000)  
Assets (208,839,000)   (208,839,000)   $ (214,009,000)
Eliminations of Inter-Segment Sales | Direct-to-Consumer          
Segment Reporting Information [Line Items]          
Revenues $ 2,900,000 $ 2,100,000 $ 6,200,000 $ 2,700,000  
[1] Includes amounts of the consolidated variable interest entity as of June 30, 2023, which are presented separately in the table below.