Radiant Logistics (RLGT) 10-Q 9 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2018	May 03, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	RLGT
Entity Registrant Name	RADIANT LOGISTICS, INC
Entity Central Index Key	1,171,155
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		49,359,283

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 4,225	$ 5,808
Accounts receivable, net of allowance of $1,284 and $1,599, respectively	122,294	116,327
Income tax deposit	1,848	432
Prepaid expenses and other current assets	5,541	7,153
Total current assets	133,908	129,720
Technology and equipment, net	16,417	15,227
Acquired intangibles, net	67,736	74,729
Goodwill	65,389	66,779
Deposits and other assets	3,035	3,085
Total long-term assets	136,160	144,593
Total assets	286,485	289,540
Current liabilities:
Accounts payable and accrued transportation costs	81,559	85,490
Commissions payable	11,682	10,843
Other accrued costs	4,901	4,778
Current portion of notes payable	3,446	3,382
Current portion of contingent consideration	1,086	4,130
Current portion of transition and lease termination liability	1,251	1,210
Other current liabilities	305	143
Total current liabilities	104,230	109,976
Notes payable, net of current portion	41,438	37,040
Contingent consideration, net of current portion	2,625	5,790
Transition and lease termination liability, net of current portion	168	804
Deferred rent liability	1,022	857
Deferred tax liability	7,281	10,826
Other long-term liabilities	1,052	782
Total long-term liabilities	53,586	56,099
Total liabilities	157,816	166,075
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 839,200 shares issued and outstanding, liquidation preference of $20,980	1	1
Common stock, $0.001 par value, 100,000,000 shares authorized; 49,451,081 and 49,177,215 shares issued, and 49,359,283 and 49,085,417 shares outstanding, respectively	31	30
Additional paid-in capital	117,656	116,172
Treasury stock, at cost, 91,798 shares	(253)	(253)
Retained earnings	11,210	7,397
Accumulated other comprehensive income (loss)	(84)	65
Total Radiant Logistics, Inc. stockholders’ equity	128,561	123,412
Non-controlling interest	108	53
Total stockholders’ equity	128,669	123,465
Total liabilities and stockholders’ equity	$ 286,485	$ 289,540

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Statement Of Financial Position [Abstract]
Allowance for accounts receivable	$ 1,284	$ 1,599
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	839,200	839,200
Preferred stock, shares outstanding	839,200	839,200
Preferred stock, shares liquidation preference	$ 20,980	$ 20,980
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	49,451,081	49,177,215
Common stock, shares outstanding	49,359,283	49,085,417
Treasury stock, shares	91,798	91,798

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenues	$ 203,921	$ 181,771	$ 608,612	$ 575,785
Cost of transportation	154,773	136,062	465,448	430,943
Net revenues	49,148	45,709	143,164	144,842
Operating partner commissions	22,194	21,421	61,414	67,729
Personnel costs	14,671	12,505	43,573	38,238
Selling, general and administrative expenses	7,150	5,575	20,852	16,924
Depreciation and amortization	3,640	3,005	10,783	9,039
Transition and lease termination costs	0	446	107	1,307
Change in contingent consideration	35	737	(75)	1,793
Total operating expenses	47,690	43,689	136,654	135,030
Income from operations	1,458	2,020	6,510	9,812
Other income (expense):
Interest income	10	6	26	17
Interest expense	(755)	(614)	(2,338)	(1,873)
Foreign exchange gain (loss)	7	(35)	(132)	354
Other	103	85	329	393
Total other expense:	(635)	(558)	(2,115)	(1,109)
Income before income tax provision	823	1,462	4,395	8,703
Income tax benefit (expense)	(123)	(540)	1,091	(3,281)
Net income	700	922	5,486	5,422
Less: Net income attributable to non-controlling interest	(22)	(15)	(139)	(42)
Net income attributable to Radiant Logistics, Inc.	678	907	5,347	5,380
Less: Preferred stock dividends	(511)	(511)	(1,534)	(1,534)
Net income attributable to common stockholders	167	396	3,813	3,846
Other comprehensive income (loss):
Foreign currency translation gain (loss)	446	(109)	(149)	430
Comprehensive income	$ 1,146	$ 813	$ 5,337	$ 5,852
Net income per common share - basic and diluted	$ 0	$ 10	$ 80	$ 80
Weighted average shares outstanding:
Basic shares	49,334,300	48,817,330	49,197,218	48,822,882
Diluted shares	50,630,307	50,169,571	50,660,478	49,834,591

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity - 9 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-Controlling Interest
Balance at Jun. 30, 2017	$ 123,465	$ 1	$ 30	$ 116,172	$ (253)	$ 7,397	$ 65	$ 53
Balance, shares at Jun. 30, 2017		839,200	49,085,417
Issuance of common stock to former shareholders of acquired operations	673	$ 0	$ 1	672	0	0	0	0
Issuance of common stock to former shareholders of acquired operations, shares			133,082
Share-based compensation	1,116	$ 0	$ 0	1,116	0	0	0	0
Cashless exercise of stock options	(304)	0	$ 0	(304)	0	0	0	0
Cashless exercise of stock options, shares			140,784
Preferred dividends paid	(1,534)	0	$ 0	0	0	(1,534)	0	0
Distribution to non-controlling interest	(84)	0	0	0	0	0	0	(84)
Net income	5,486	0	0	0	0	5,347	0	139
Comprehensive loss	(149)	0	0	0	0	0	(149)	0
Balance at Mar. 31, 2018	$ 128,669	$ 1	$ 31	$ 117,656	$ (253)	$ 11,210	$ (84)	$ 108
Balance, shares at Mar. 31, 2018		839,200	49,359,283

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES
Net income	$ 5,486	$ 5,422
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES
share-based compensation expense	1,116	983
amortization of intangibles	7,427	6,233
depreciation and leasehold amortization	3,356	2,806
deferred income tax benefit	(3,478)	(662)
amortization of loan fees	184	239
change in contingent consideration	(75)	1,793
transition and lease termination costs	107	44
loss (gain) on disposal of technology and equipment	(23)	14
change in (recovery of) provision for doubtful accounts	(315)	148
CHANGE IN OPERATING ASSETS AND LIABILITIES:
accounts receivable	(2,405)	2,975
income tax deposit	(1,388)	(38)
prepaid expenses, deposits and other assets	1,413	(541)
accounts payable and accrued transportation costs	(5,955)	(2,845)
commissions payable	839	785
other accrued costs	(222)	(680)
other liabilities	560	120
deferred rent liability	164	7
payment of contingent consideration	(2,823)	(432)
transition and lease termination liability	(573)	(875)
Net cash provided by operating activities	3,395	15,496
CASH FLOWS USED FOR INVESTING ACTIVITIES:
Acquisitions during the fiscal year	(1,166)	(50)
Purchases of technology and equipment	(4,602)	(3,603)
Proceeds from sale of technology and equipment	87	61
Payments to former shareholders of acquired operations	0	(50)
Net cash used for investing activities	(5,681)	(3,642)
CASH FLOWS PROVIDED BY (USED FOR) FINANCING ACTIVITIES:
Proceeds from credit facility, net	6,821	3,505
Payments of loan fees	(89)	0
Repayments of notes payable	(2,606)	(1,760)
Purchases of treasury stock	0	(253)
Payments of contingent consideration	(413)	(3,446)
Payments of preferred stock dividends	(1,534)	(1,534)
Distribution to non-controlling interest	(84)	(42)
Payments of employee tax withholdings related to cashless exercise of stock options	(304)	(179)
Net cash provided by (used for) financing activities	1,791	(3,709)
Effect of exchange rate changes on cash and cash equivalents	(1,088)	20
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,583)	8,165
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	5,808	4,768
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,225	12,933
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income taxes paid	3,966	4,389
Interest paid	$ 2,192	$ 1,647

Supplemental Disclosure of Non-

Supplemental Disclosure of Non-cash Investing and Financing Activities - USD ($) $ in Thousands	1 Months Ended
	Nov. 30, 2017	Sep. 30, 2017
Issuance of common stock to former shareholders of acquired operations	$ 623
Common Stock
Issuance of common stock to former shareholders of acquired operations, shares	123,063
Issuance price per share	$ 5.06
Issuance of common stock to former shareholders of acquired operations	$ 1
Additional Paid-in Capital
Issuance of common stock to former shareholders of acquired operations	$ 622
Sandifer-Valley Transportation & Logistics, Ltd.
Issuance of common stock to former shareholders of acquired operations		$ 50
Sandifer-Valley Transportation & Logistics, Ltd. | Common Stock
Issuance of common stock to former shareholders of acquired operations, shares		10,019
Issuance price per share		$ 4.99
Issuance of common stock to former shareholders of acquired operations		$ 50
Sandifer-Valley Transportation & Logistics, Ltd. | Additional Paid-in Capital
Issuance of common stock to former shareholders of acquired operations		$ 50

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
The Company and Basis of Presentation	NOTE 1 – THE COMPANY AND BASIS OF PRESENTATION The Company Radiant Logistics, Inc. (the “Company”) operates as a third-party logistics company, providing multi-modal transportation and logistics services primarily to customers based in the United States and Canada. The Company services a large and diversified account base which it supports from an extensive multi-brand network of over 100 operating locations (including 20 Company-owned offices) across North America, as well as an integrated international service partner network located in other key markets around the globe. As a third-party logistics company, the Company has a carrier network of approximately 10,000 asset-based transportation companies, including motor carriers, railroads, airlines and ocean lines. The Company believes shippers value its services because it is able to objectively arrange the most efficient and cost-effective means, type and provider of transportation service since it is not influenced by the ownership of transportation assets. In addition, the Company’s minimal investment in physical assets affords it the opportunity for a higher return on invested capital and net cash flows than the Company’s asset-based competitors. Through its operating locations across North America, the Company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less than truckload services and intermodal services, which is the movement of freight in trailers or containers by combination of truck and rail. The Company’s primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods that are generally larger than shipments handled by integrated carriers of primarily small parcels, such as FedEx, DHL and UPS, including arranging and monitoring all aspects of material flow activity utilizing advanced information technology systems. The Company also provides other value-added logistics services, including customs brokerage, order fulfillment, inventory management and warehousing services to complement its core transportation service offering. The Company expects to grow its business organically and by completing acquisitions of other companies with complementary geographical and logistics service offerings. The Company’s organic growth strategy will continue to focus on strengthening existing and expanding new customer relationships leveraging the benefit of the Company’s truck brokerage and intermodal service offerings, while continuing its efforts on the organic build-out of the Company’s network of strategic operating partner locations. In addition, as the Company continues to grow and scale its business, the Company believes that it is creating density in its trade lanes which creates opportunities for the Company to more efficiently source and manage its transportation capacity. In addition to its focus on organic growth, the Company will continue to search for acquisition candidates that bring critical mass from a geographic and purchasing power standpoint, along with providing complementary service offerings to the current platform. As the Company continues to grow and scale its business, it also remains focused on leveraging its back-office infrastructure and technology systems to drive productivity improvement across the organization. Interim Disclosure The condensed consolidated financial statements included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations. The Company’s management believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2017. The interim period information included in this Quarterly Report on Form 10-Q reflects all adjustments, consisting of normal recurring adjustments, that are, in the opinion of the Company’s management, necessary for a fair statement of the results of the respective interim periods. Results of operations for interim periods are not necessarily indicative of results to be expected for an entire year. Basis of Presentation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries as well as a single variable interest entity, Radiant Logistics Partners, LLC (“RLP”), which is 40% owned by Radiant Global Logistics, Inc. (“RGL”), and 60% owned by Radiant Capital Partners, LLC (“RCP”, see Note 8), an affiliate of Bohn H. Crain, the Company’s Chief Executive Officer, whose accounts are included in the condensed consolidated financial statements. All significant intercompany balances and transactions have been eliminated. All amounts in the condensed consolidated financial statements are stated in thousands, except share and per share amounts.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a) Use of Estimates The preparation of financial statements and related disclosures in accordance with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates include revenue recognition, accruals for the cost of purchased transportation, the fair value of acquired assets and liabilities, changes in contingent consideration, accounting for the issuance of shares and share-based compensation, the assessment of the recoverability of long-lived assets and goodwill, and the establishment of an allowance for doubtful accounts. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the period that they are determined to be necessary. Actual results could differ from those estimates. b) Fair Value Measurements In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. c) Fair Value of Financial Instruments The carrying values of the Company’s receivables, accounts payable and accrued transportation costs, commissions payable, other accrued costs, and the income tax deposit approximate the fair values due to the relatively short maturities of these instruments. The carrying value of the Company’s credit facility, notes payable and other long-term liabilities would not differ significantly from fair value (based on Level 2 inputs) if recalculated based on current interest rates. Contingent consideration attributable to the Company’s acquisitions are reported at fair value using Level 3 inputs. d) Cash and Cash Equivalents For purposes of the statements of cash flows, cash equivalents include all highly liquid investments with original maturities of three months or less. Checks issued by the Company that have not yet been presented to the bank for payment are reported as accounts payable and commissions payable in the accompanying condensed consolidated balance sheets. Accounts payable and commissions payable includes outstanding payments which had not yet been presented to the bank for payment in the amounts of $6,066 and $9,238 as of March 31, 2018 and June 30, 2017, respectively. e) Concentrations The Company maintains its cash in bank deposit accounts that, at times, may exceed federally-insured limits. The Company has not experienced any losses in such accounts. f) Accounts Receivable The Company’s receivables are recorded when billed and represent claims against third-parties that will be settled in cash. This includes amounts owed by third-party customers, as well as amounts owed by strategic operating partners. The carrying value of the Company’s receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The Company evaluates the collectability of accounts receivable on a customer-by-customer basis. The Company records a reserve for bad debts against amounts due in order to reduce the net recognized receivable to an amount the Company believes will be reasonably collected. The reserve is a discretionary amount determined from the analysis of the aging of the accounts receivables, historical experience and knowledge of specific customers. The Company derives a substantial portion of its revenue through independently-owned strategic operating partner locations operating under various Company brands. Each strategic operating partner is responsible for some or all of the bad debt expense related to the underlying customers being serviced by such strategic operating partner. To facilitate this arrangement, certain strategic operating partners are required to maintain a bad debt reserve in the form of a security deposit with the Company that is recognized as a liability in the Company’s financial statements. The Company charges each strategic operating partner’s bad debt reserve account for any accounts receivable aged beyond 90 days along with any other amounts owed to the Company by strategic operating partners. However, the bad debt reserve account may carry a deficit balance when amounts charged to this reserve account exceed amounts otherwise available in this reserve account. In these circumstances, deficit bad debt reserve accounts are recognized as a receivable in the Company’s financial statements. Other strategic operating partners are not required to establish a bad debt reserve, however, they are still responsible for deficits and their strategic operating partner agreements provide that the Company may withhold all or a portion of future commission checks payable to the strategic operating partner in satisfaction of any deficit balance. Currently, a number of the Company’s strategic operating partners have a deficit balance in their bad debt reserve account. The Company expects to replenish these funds through the future business operations of these strategic operating partners. However, to the extent any of these strategic operating partners were to cease operations or otherwise be unable to replenish these deficit accounts, the Company would be at risk of loss for any such amount and includes such amounts in the reserve for bad debts as considered necessary. g) Technology and Equipment Technology (computer software, hardware, and communications), vehicles, furniture and equipment are stated at cost, less accumulated depreciation over the estimated useful lives of the respective assets. Depreciation is computed using three to fifteen year lives for vehicles, communication, office, furniture, and computer equipment using the straight line method of depreciation. Computer software is depreciated over a three to five year life using the straight line method of depreciation. For leasehold improvements, the cost is amortized over the shorter of the lease term or useful life on a straight line basis. Upon retirement or other disposition of these assets, the cost and related accumulated depreciation or amortization are removed from the accounts and the resulting gain or loss, if any, is reflected in other income or expense. Expenditures for maintenance, repairs and renewals of minor items are charged to expense as incurred. Major renewals and improvements are capitalized. h) Goodwill Goodwill represents the excess of purchase price over the value assigned to the net tangible and identifiable intangible assets of a business acquired. The Company typically performs its annual goodwill impairment test effective as of April 1 of each year, unless events or circumstances indicate impairment may have occurred before that time. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If, after assessing qualitative factors, the Company determines it is not more likely than not that the fair value of the reporting unit is less than its carrying amount than no further testing is necessary. If further testing was necessary, the Company would determine the fair value of each reporting unit, and compare the fair value to the reporting unit’s carrying amount. As of March 31, 2018, management believes there are no indications of impairment. i ) Long-Lived Assets Acquired intangibles consist of customer related intangibles, trade names and trademarks, and non-compete agreements arising from the Company’s acquisitions. Customer related intangibles are amortized using the straight-line method over a period of up to 10 years, trademarks and trade names are amortized using the straight line method over 15 years, and non-compete agreements are amortized using the straight line method over the term of the underlying agreements. The Company reviews long-lived assets and technology and equipment to be held-and-used for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. If the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset is less than its carrying amount, the asset is considered to be impaired. Impairment losses are measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset. Assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. Management has performed a review of all long-lived assets and has determined no impairment of the respective carrying value has occurred as of March 31, 2018. j) Business Combinations The Company accounts for business combinations using the acquisition method of accounting and allocates the purchase price to the tangible and intangible assets acquired and the liabilities assumed based upon their estimated fair values at the acquisition date. The difference between the purchase price and the fair value of the net assets acquired is recorded as goodwill. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, the estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recognized in the condensed consolidated statements of operations. The fair values of intangible assets acquired are estimated using a discounted cash flow approach with Level 3 inputs. Under this method, an intangible asset’s fair value is equal to the present value of the incremental after-tax cash flows (excess earnings) attributable solely to the intangible asset over its remaining useful life. To calculate fair value, the Company uses risk-adjusted cash flows discounted at rates considered appropriate given the inherent risks associated with each type of asset. The Company believes the level and timing of cash flows appropriately reflects market participant assumptions. The Company determines the acquisition date fair value of the contingent consideration payable based on the likelihood of paying the contingent consideration as part of the consideration transferred. The fair value is estimated using projected future operating results and the corresponding future earn-out payments that can be earned upon the achievement of specified operating objectives and financial results by acquired companies using Level 3 inputs and the amounts are then discounted to present value. These liabilities are measured quarterly at fair value, and any change in the contingent liability is recognized in the condensed consolidated statements of operations. k) Commitments The Company has operating lease commitments for equipment rentals, office space, and warehouse space under non-cancelable operating leases expiring at various dates through April 2023. Rent expense is recognized straight line over the term of the lease. Minimum future lease payments (excluding the lease payments included in the transition and lease termination liability) under these non-cancelable operating leases for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 2,345 2019 8,852 2020 8,467 2021 7,257 2022 4,741 Thereafter 1,086 Total minimum lease payments $ 32,748 Rent expense amounted to $2,304 and $6,672 for the three and nine months ended March 31, 2018, respectively, and $1,171 and $3,566 for the three and nine months ended March 31, 2017, respectively. l) Transition and Lease Termination Costs Lease termination costs consist of expenses related to future rent payments for which the Company no longer intends to receive any economic benefit. A liability is recorded when the Company ceases to use leased space. Lease termination costs are calculated as the present value of lease payments, net of expected sublease income, and the loss on disposition of assets. Retention and transition costs consist of retention bonuses expected to be paid, and non-recurring personnel costs identified for elimination in connection with the winding down of Service by Air, Inc. (“SBA”). The transition and lease termination liability consists of the following: (In thousands) Lease Costs Retention Costs Total Balance as of June 30, 2017 $ 1,614 $ 400 $ 2,014 Transition and lease termination costs 107 — 107 Payments and other (640 ) (62 ) (702 ) Balance as of March 31, 2018 $ 1,081 $ 338 $ 1,419 m) 401(k) Savings Plans The Company has an employee savings plan under which the Company provides safe harbor matching contributions. The Company’s contributions under the plan were $212 and $637 for the three and nine months ended March 31, 2018, respectively, and $204 and $572 for the three and nine months ended March 31, 2017, respectively. n) Income Taxes Deferred income taxes are reported using the asset and liability method. Deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties, if any, are recorded as a component of interest expense or other expense, respectively. o) Revenue Recognition and Purchased Transportation Costs The Company is the primary obligor responsible for providing the service desired by the customer and is responsible for fulfillment, including the acceptability of the service(s) ordered or purchased by the customer. At the Company’s sole discretion, it sets the prices charged to its customers, and is not required to obtain approval or consent from any other party in establishing its prices. The Company has multiple suppliers for the services it sells to its customers, and has the absolute and complete discretion and right to select the supplier that will provide the product(s) or service(s) ordered by a customer, including changing the supplier on a shipment-by-shipment basis. In most cases, the Company determines the nature, type, characteristics, and specifications of the service(s) ordered by the customer. The Company also assumes credit risk for the amount billed to the customer. As a non-asset based carrier, the Company generally does not own transportation assets. The Company generates the major portion of its freight forwarding revenues by purchasing transportation services from direct (asset-based) carriers and reselling those services to its customers. Based upon the terms in the contract of carriage, revenues related to shipments where the Company issues a House Airway Bill or a House Ocean Bill of Lading are recognized at the time the freight is tendered to the direct carrier at origin net of duties and taxes. Costs related to the shipments are also recognized at this same time based upon anticipated margins, contractual arrangements with direct carriers, and other known factors. The estimates are routinely monitored and compared to actual invoiced costs. The estimates are adjusted as deemed necessary by the Company to reflect differences between the original accruals and actual costs of purchased transportation. This method generally results in recognition of revenues and purchased transportation costs earlier than the preferred methods under GAAP which does not recognize revenue until a proof of delivery is received or which recognizes revenue as progress on the transit is made. The Company’s method of revenue and cost recognition does not result in a material difference from amounts that would be reported under such other methods. All other revenue, including revenue from other value-added services including brokerage services, warehousing and fulfillment services, is recognized upon completion of the service. p) Share-Based Compensation The Company has issued restricted stock awards, restricted stock units and stock options to certain directors, officers and employees. The Company accounts for share-based compensation under the fair value recognition provisions such that compensation cost is measured at the grant date based on the fair value of the award and is expensed ratably over the vesting period. Determining the fair value of share-based awards at the grant date requires judgment about, among other things, stock volatility, the expected life of the award, and other inputs. The Company accounts for forfeitures as they occur. The Company issues new shares of common stock to satisfy exercises and vesting of awards granted under its stock plans. The Company recorded share-based compensation expense of $386 and $1,116 for the three and nine months ended March 31, 2018, respectively, and $323 and $983 for the three and nine months ended March 31, 2017, respectively. q) Basic and Diluted Income Per Share Basic income per share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares, such as stock awards and stock options, had been issued and if the additional common shares were dilutive. Net income attributable to common stockholders is calculated after earned preferred stock dividends, whether or not declared. The following table reconciles the numerator and denominator of the basic and diluted per share computations for earnings per share as follows: Three Months Ended March 31, Nine Months Ended March 31, 2018 2017 2018 2017 Weighted average basic shares outstanding 49,334,300 48,817,330 49,197,218 48,822,882 Dilutive effect of share-based awards 1,296,007 1,352,241 1,463,260 1,011,709 Weighted average dilutive shares outstanding 50,630,307 50,169,571 50,660,478 49,834,591 Potentially dilutive common shares excluded 1,365,862 1,380,868 1,190,016 1,886,854 r) Foreign Currency Translation For the Company’s foreign subsidiaries that prepare financial statements in currencies other than U.S. dollars, the local currency is the functional currency. All assets and liabilities are translated at period-end exchange rates and all income statement amounts are translated at the weighted average rates for the period. Translation adjustments are recorded in accumulated other comprehensive (loss) income. Gains and losses on transactions of monetary items are recognized in the condensed consolidated statements of operations. s) Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers The Company has been reviewing and evaluating its existing customer contracts. Under the new guidance, revenue from transportation services will be recognized over time as control is transferred to the customer. Revenue from warehousing and fulfillment services will continue to be recognized as the promised services are transferred to the customer. The Company has also evaluated whether it acts as a principal or agent with regard to its promise to transfer transportation services and does not expect its current presentation of revenue and related costs from transportation services reflected on a gross basis to change. The Company will adopt the new revenue guidance using the modified retrospective method applied to those contracts that are not complete as of July 1, 2018 with a cumulative effect adjustment to opening retained earnings at the date of adoption and provide the required supplemental disclosures. The Company continues to develop and implement changes to its accounting policies, practices, and controls to support the new guidance. In February 2016, the FASB issued ASU 2016-02, Leases In October 2016, the FASB issued ASU 2016-16, Income Taxes t) Recently Adopted Accounting Pronouncements In the prior fiscal year, the Company adopted ASU 2016-09, Stock Compensation Statement of Cash Flows Intangibles—Goodwill and Other u) Reclassifications Certain amounts for prior periods have been reclassified in the Company’s consolidated financial statements to conform to the classification used in fiscal year 2018 .

Business Acquisitions

Business Acquisitions	9 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Business Acquisitions	NOTE 3 – BUSINESS ACQUISITIONS Fiscal Year 2018 Acquisitions On September 1, 2017, the Company, through a wholly-owned subsidiary, RGL, acquired the operations and assets of Sandifer-Valley Transportation & Logistics, Ltd., a Texas based company providing a full range of domestic and international cross-border services with Mexico. The Company has structured the transaction similar to previous acquisitions, with a portion of the expected purchase price payable in subsequent periods based on future performance of the acquired operation. The consideration paid, purchase price allocation, and pro forma results of operations and other disclosures have not been presented because the effect of this acquisition was not material to the financial statements. The results of operations for the business acquired are included in the financial statements as of the date of purchase. The preliminary fair value estimates for the assets acquired and liabilities assumed are based upon preliminary calculations and valuations. The estimates and assumptions are subject to change as additional information is obtained for the estimates during the respective measurement periods (up to one year from the acquisition date). The primary areas of the preliminary estimates not yet finalized relate to certain tangible assets and liabilities acquired, goodwill and identifiable intangible assets. Fiscal Year 2017 Acquisitions On April 1, 2017, the Company, through a wholly-owned subsidiary, acquired Lomas Logistics (“Lomas”), a division of L.V. Lomas Limited. Lomas operates as a third-party logistics provider serving companies across a range of industries including consumer goods, healthcare, food, chemicals and technology and operates from locations in Ontario and British Columbia, Canada. The Lomas acquisition was financed with proceeds from the Integrated Private Debt Fund V LP loan (as defined in Note 6). The results of operations for the business acquired are included in the financial statements as of the date of purchase. On June 1, 2017 the Company, through a wholly-owned subsidiary, acquired the assets and operations of its strategic operating partner Dedicated Logistics Technologies, Inc. (“DLT”), a Newark, New Jersey based company. DLT is expected to transition to the Radiant brand and will combine with existing Company-owned operations in Newark while maintaining separate facilities in Los Angeles, California. The Company recorded non-recurring transition and lease termination costs of $107 for the nine months ended March 31, 2018 associated with the facility consolidation of the former Radiant Newark facility to the DLT location. The DLT acquisition was financed with proceeds from the Company’s Credit Facility (as defined in Note 6). The Company has structured the transaction similar to previous acquisitions, with a portion of the expected purchase price payable in subsequent periods based on future performance of the acquired operation. The fair value of the contingent consideration was estimated using future projected earnings relative to the corresponding future earn-out payments. To calculate fair value, the future earn-out payments were then discounted using Level 3 inputs. The Company believes the discount rate used to discount the earn-out payments reflect market participant assumptions. The results of operations for the business acquired are included in the financial statements as of the date of purchase. The preliminary fair value estimates for the assets acquired and liabilities assumed were based upon preliminary calculations and valuations. The estimates and assumptions are subject to change as additional information is obtained for the estimates during the respective measurement periods (up to one year from the acquisition date). The primary areas of the preliminary estimates not yet finalized relate to certain tangible assets and liabilities acquired, goodwill and identifiable intangible assets. In December 2017, the Company obtained additional information that existed as of the acquisition date resulting in an adjustment for DLT to the preliminary amounts recognized. The Company recorded a decrease to acquired intangibles of $0.9 million, a decrease to contingent consideration of $2.5 million, and a corresponding decrease to goodwill of $1.7 million. The change in amortization expense related to the prior period was less than $0.1 million.

Technology and Equipment

Technology and Equipment	9 Months Ended
	Mar. 31, 2018
Property Plant And Equipment [Abstract]
Technology and Equipment	NOTE 4 – TECHNOLOGY AND EQUIPMENT (In thousands) March 31, June 30, 2018 2017 Computer software $ 15,180 $ 12,848 Trailers and related equipment 4,196 4,682 Leasehold improvements 3,184 2,363 Office and warehouse equipment 2,925 2,005 Computer equipment 2,134 1,745 Furniture and fixtures 916 788 28,535 24,431 Less: Accumulated depreciation and amortization (12,118 ) (9,204 ) $ 16,417 $ 15,227 Depreciation and amortization expense related to technology and equipment was $1,150 and $3,356 for the three and nine months ended March 31, 2018, respectively, and $929 and $2,806 for the three and nine months ended March 31, 2017, respectively. Computer software includes approximately $1,259 and $4,021 of software currently in development as of March 31, 2018 and June 30, 2017, respectively.

Acquired Intangible Assets

Acquired Intangible Assets	9 Months Ended
	Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets	NOTE 5 – ACQUIRED INTANGIBLE ASSETS The table below reflects acquired intangible assets related to all acquisitions: (In thousands) March 31, June 30, Weighted- Average 2018 2017 Life Customer related $ 96,515 $ 96,106 6.40 years Trade names and trademarks 14,977 14,977 10.50 years Covenants not to compete 875 850 2.00 years 112,367 111,933 Less: Accumulated amortization (44,631 ) (37,204 ) $ 67,736 $ 74,729 Amortization expense amounted to $2,490 and $7,427 for the three and nine months ended March 31, 2018, respectively, and $2,076 and $6,233 for the three and nine months ended March 31, 2017, respectively. Future amortization expense for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 2,472 2019 9,859 2020 9,616 2021 9,395 2022 8,841 Thereafter 27,553 $ 67,736

Notes Payable

Notes Payable	9 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Notes Payable	NOTE 6 – NOTES PAYABLE Notes payable consist of the following: (In thousands) March 31, June 30, 2018 2017 Senior Credit Facility $ 20,565 $ 13,780 Senior Secured Loans 25,249 27,514 Other notes payable — 149 Less: Loan issuance costs (930 ) (1,021 ) Total notes payable 44,884 40,422 Less: Current portion (3,446 ) (3,382 ) Total notes payable, net of current portion $ 41,438 $ 37,040 Future maturities of notes payable for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 840 2019 3,503 2020 3,744 2021 4,000 2022 24,839 Thereafter 8,888 $ 45,814 Bank of America Credit Facility The Company has a $75.0 million senior credit facility (the “Senior Credit Facility”) with Bank of America, N.A. (the “Lender”) on its own behalf and as agent to the other lenders named therein, currently consisting of the Bank of Montreal (as the initial member of the syndicate under such loan), pursuant to a Second Amendment to Amended and Restated Loan and Security Agreement. The Senior Credit Facility includes a $3.5 million sublimit to support letters of credit and matures July 14, 2022. Borrowings accrue interest based on the Company’s average daily availability at the Lender’s base rate plus 0.25% to 0.75% or LIBOR plus 1.25% to 1.75%. The Senior Credit Facility provides for advances of up to 85% of the eligible Canadian and domestic accounts receivable, 75% of eligible accrued but unbilled domestic receivables and eligible foreign accounts receivable, all of which are subject to certain sub-limits, reserves and reductions. collateralized by a first-priority security interest in all of the assets of the U.S. co-borrowers, a first-priority security interest in all of the accounts receivable and associated assets of the Canadian co-borrowers (the “Canadian A/R Assets”) and a second-priority security interest on the other assets of the Canadian borrowers. Borrowings are available to fund future acquisitions, capital expenditures, repurchase of Company stock or for other corporate purposes. The terms of the Senior Credit Facility are subject to customary financial and operational covenants, including covenants that may limit or restrict the ability to, among other things, borrow under the Senior Credit Facility, incur indebtedness from other lenders, and make acquisitions. As of March 31, 2018, the Company was in compliance with all of its covenants. As of March 31, 2018, based on available collateral and $0.1 million in outstanding letter of credit commitments, there was $48.6 million available for borrowing under the Senior Credit Facility. Senior Secured Loans In connection with the Company’s acquisition of Wheels International Inc. (“Wheels”), Wheels obtained a CAD$29.0 million senior secured Canadian term loan from Integrated Private Debt Fund IV LP (“IPD IV”) pursuant to a CAD$29,000,000 Credit Facilities Loan Agreement. The Company and its U.S. and Canadian subsidiaries are guarantors of the Wheels obligations thereunder. The loan matures on April 1, 2024 and accrues interest at a rate of 6.65% per annum. The Company is required to maintain five months interest in a debt service reserve account to be controlled by IPD IV. This amount is recorded as deposits and other assets in the accompanying condensed consolidated financial statements. The Company made interest-only payments for the first 12 months followed by blended principal and interest payments that will be paid through maturity. In connection with the Company’s acquisition of Lomas, Wheels obtained a CAD$10.0 million senior secured Canadian term loan from Integrated Private Debt Fund V LP pursuant to a CAD$10,000,000 Credit Facilities Loan Agreement. The Company and its U.S. and Canadian subsidiaries are guarantors of the Wheels obligations thereunder. The loan matures on June 1, 2024 and accrues interest at a rate of 6.65% per annum. The loan repayment consists of monthly blended principal and interest payments. The loans may be prepaid in whole at any time upon providing at least 30 days prior written notice and paying the difference between (i) the present value of the loan interest and the principal payments foregone discounted at the Government of Canada Bond Yield for the term from the date of prepayment to the maturity date, and (ii) the face value of the principal amount being prepaid. The loans are collateralized by a (i) first-priority security interest in all of the assets of Wheels except the Canadian A/R Assets, (ii) a second-priority security interest in the Canadian A/R Assets, and (iii) a second-priority security interest on all of the Company’s assets. As of March 31, 2018, the Company was in compliance with all of its covenants.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Stockholders' Equity	NOTE 7 – STOCKHOLDERS’ EQUITY The Company is authorized to issue 5,000,000 shares of preferred stock, par value at $0.001 per share and 100,000,000 shares of common stock, $0.001 per share. Series A Preferred Stock The Company has 839,200 shares of 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Shares”) issued and outstanding, which have a liquidation preference of $25.00 per share. Dividends on the Series A Preferred Shares are cumulative from the date of original issue and are payable on January 31, April 30, July 31 and October 31, as and if declared by the Company’s board of directors. If the Company does not pay dividends in full on any two payment dates (whether consecutive or not), the per annum dividend rate will increase an additional 2.0% per annum per $25.00 stated liquidation preference, up to a maximum of 19.0% per annum. If the Company fails to maintain the listing of the Series A Preferred Shares on the NYSE American or other exchange for 30 days or more, the per annum dividend rate will increase by an additional 2.0% per annum so long as the listing failure continues. The Series A Preferred Shares require the Company to maintain a Fixed Charge Coverage Ratio of at least 2.0. If the Company is not in compliance with this ratio, then it cannot pay any dividend on its common stock. As of March 31, 2018, the Company was in compliance with this ratio. Commencing on December 20, 2018, the Company may redeem, at its option, the Series A Preferred Shares, in whole or in part, at a cash redemption price of $25.00 per share plus accrued and unpaid dividends (whether or not declared). Among other things, the Series A Preferred Shares have no stated maturity, are not subject to any sinking fund or other mandatory redemption, and are not convertible into or exchangeable for any of the Company’s other securities. Holders of Series A Preferred Shares generally have no voting rights, except if the Company fails to pay dividends on the Series A Preferred Shares for six or more quarterly periods (whether consecutive or not). Under such circumstances, holders of Series A Preferred Shares will be entitled to vote to elect two additional directors to the Company’s board of directors, until all unpaid dividends have been paid or declared and set aside for payment. In addition, certain changes to the terms of the Series A Preferred Shares cannot be made without the affirmative vote of the holders of two-thirds of the outstanding Series A Preferred Shares, voting as a separate class. The Series A Preferred Shares are senior to the Company’s common stock with respect to dividends and distributions, including distributions upon liquidation, dissolution or winding up. The Series A Preferred Shares a re listed on the NYSE American under the symbol “RLGT-PA.” For the nine months ended March 31, 2018, the Company’s board of directors declared and paid cash dividends to holders of Series A Preferred Shares in the amount of $1.828125 per share, totaling $1,534. Common Stock In March 2018, the Company’s board of directors authorized the repurchase of up to 5,000,000 shares of the Company’s common stock through December 31, 2019. Under the stock repurchase program, the Company is authorized to repurchase, from time-to-time, shares of its outstanding common stock in the open market at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements. The program does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time without prior notice. There have been no purchases of common stock executed under the repurchase program as of the date of this filing.

Variable Interest Entity and Re

Variable Interest Entity and Related Party Transactions	9 Months Ended
	Mar. 31, 2018
Equity Method Investments And Joint Ventures [Abstract]
Variable Interest Entity and Related Party Transactions	NOTE 8 – VARIABLE INTEREST ENTITY AND RELATED PARTY TRANSACTIONS RLP is owned 40% by RGL and 60% by RCP, a company for which the Chief Executive Officer of the Company is the sole member. RLP is a certified minority business enterprise that was formed for the purpose of providing the Company with a national accounts strategy to pursue corporate and government accounts with diversity initiatives. RCP’s ownership interest entitles it to a majority of the profits and distributable cash, if any, generated by RLP. The operations of RLP are intended to provide certain benefits to the Company, including expanding the scope of services offered by the Company and participating in supplier diversity programs not otherwise available to the Company. In the course of evaluating and approving the ownership structure, operations and economics emanating from RLP, a committee consisting of the independent Board member of the Company, considered, among other factors, the significant benefits provided to the Company through association with a minority business enterprise, particularly as many of the Company’s largest current and potential customers have a need for diversity offerings. In addition, the committee concluded that the economic relationship with RLP was on terms no less favorable to the Company than terms generally available from unaffiliated third-parties. Certain entities in which equity investors do not have the characteristics of a controlling financial interest or do not have the sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties are considered “variable interest entities”. RLP qualifies as a variable interest entity and is included in the Company’s condensed consolidated financial statements. RLP recorded $37 and $231 in profits, of which RCP’s distributable share was $22 and $139 for the three and nine months ended March 31, 2018, respectively. RLP recorded $24 and $71 in profits, of which RCP’s distributable share was $15 and $42 for the three and nine months ended March 31, 2017, respectively. The non-controlling interest recorded as a reduction of income on the condensed consolidated statements of operations represents RCP’s distributive share.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 9 – FAIR VALUE MEASUREMENTS The following table sets forth the Company’s financial liabilities measured at fair value on a recurring basis: (In thousands) Fair Value Measurements as of March 31, 2018 Level 3 Total Contingent consideration $ 3,711 $ 3,711 Fair Value Measurements as of June 30, 2017 Level 3 Total Contingent consideration $ 9,920 $ 9,920 The Company has contingent obligations to transfer cash payments and equity shares to former shareholders of acquired operations in conjunction with certain acquisitions if specified operating results and financial objectives are met over the next four fiscal years. Contingent consideration is measured quarterly at fair value, and any change in the contingent liability is included in the condensed consolidated statements of operations. The Company recorded an increase to contingent consideration of $35 and a decrease of $75 for the three and nine months ended March 31, 2018, respectively, and an increase of $737 and $1,793 for the three and nine months ended March 31, 2017, respectively. The change in the current period is principally attributable to a change in management’s estimates of future earn-out payments through the remainder of its earn-out periods. The Company uses projected future financial results based on recent and historical data to value the anticipated future earn-out payments. To calculate fair value, the future earn-out payments were then discounted using Level 3 inputs. The Company has classified the contingent consideration as Level 3 due to the lack of relevant observable market data over fair value inputs. The Company believes the discount rate used to discount the earn-out payments reflects market participant assumptions. Changes in assumptions and operating results could have a significant impact on the earn-out amount, up to a maximum of $9.4 million, through earn-out periods measured through August 2021, although there are no maximums on certain earn-out payments. Contingent consideration is net of advances of earn-out payments of $650. The following table provides a reconciliation of the liabilities measured at fair value using significant unobservable inputs (Level 3): (In thousands) Contingent Consideration Balance as of June 30, 2017 $ 9,920 Changes related to accounting for acquisition (2,275 ) Contingent consideration paid (3,859 ) Change in fair value (75 ) Balance as of March 31, 2018 $ 3,711

Provision for Income Taxes

Provision for Income Taxes	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Provision for Income Taxes	NOTE 10 – PROVISION FOR INCOME TAXES (In thousands) Three Months Ended March 31, Nine Months Ended March 31, 2018 2017 2018 2017 Current income tax expense $ 312 $ 776 $ 2,387 $ 3,943 Deferred income tax benefit (189 ) (236 ) (3,478 ) (662 ) Income tax expense (benefit) $ 123 $ 540 $ (1,091 ) $ 3,281 The Company’s effective tax rate for the three months ended March 31, 2018 The Tax Cuts and Jobs Act (the “Act”) was enacted on December 22, 2017. The Act contains many significant changes to the U.S. federal income tax laws. The primary impact of the Act in fiscal year 2018 is a reduction of the federal statutory tax rate from 35% to 28.1% (average of a 35% rate for the first half of fiscal year 2018 and 21% rate for the second half of fiscal year 2018). Additionally, the Act requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and creates new taxes on certain foreign-sourced earnings. As of March 31, 2018, the Company has not completed its accounting for the tax effects of enactment of the Act; however, the Company has made a reasonable estimate of the effects on existing deferred tax balances and the one-time transition tax. The deferred income tax benefit includes a provisional benefit of $2.3 million recognized for those items which the Company could determine a reasonable estimate from the remeasurement of federal deferred tax liabilities resulting from the permanent reduction in the U.S. statutory corporate tax rate from 35% to 21%. The estimated amount of the one-time transition tax is not significant. The final impact of the Act may differ due to and among other things, changes in interpretations, assumptions made, the issuance of additional guidance, and actions the Company may take as a result of the Act. The Company and its wholly-owned U.S. subsidiaries file a consolidated Federal income tax return. The Company also files unitary or separate returns in various state, local, and non-U.S. jurisdictions based on state, local and non-U.S. filing requirements. Tax years which remain subject to examination by U.S. authorities are the years ended June 30, 2015 through June 30, 2017. Tax years which remain subject to examination by state authorities are the years ended June 30, 2014 through June 30, 2017. Tax years which remain subject to examination by non-U.S. authorities are the periods ended December 31, 2014 through June 30, 2017. Occasionally acquired entities have tax years that differ from the Company and are still open under the relevant statute of limitations and therefore are subject to potential adjustment.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	NOTE 11 – SHARE-BASED COMPENSATION The Company has two stock-based plans: the 2005 Stock Incentive Plan and the 2012 Stock Option and Performance Award Plan. Each plan authorizes the granting of up to 5,000,000 shares of the Company’s common stock. The plans provide for the grant of stock options, stock appreciation rights, shares of restricted stock, restricted stock units, performance shares and performance units. Restricted stock awards and units are equivalent to one share of common stock and generally vest after three years. Options are granted at exercise prices equal to the fair value of the common stock at the date of the grant and have a term of 10 years. Generally, grants under each plan vest 20% annually over a five year period from the date of grant. The Company does not plan to make additional grants under the 2005 Stock Incentive Plan. Stock Awards The Company recognized share-based compensation expense related to stock awards of $151 and $391 for the three and nine months ended March 31, 2018, respectively, and $63 and $111 for the three and nine months ended March 31, 2017, respectively. The following table summarizes stock award activity under the plans: Number of Shares Weighted Average Grant- Date Fair Value Balance as of June 30, 2017 258,636 $ 2.86 Granted 251,151 4.97 Forfeited (17,625 ) 4.47 Balance as of March 31, 2018 492,162 $ 3.88 Stock Options The Company recognized share-based compensation expense related to stock options of $235 and $725 for the three and nine months ended March 31, 2018, respectively, and $260 and $872 for the three and nine months ended March 31, 2017, respectively. The following table summarizes stock option activity under the plans: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual (Years) Aggregate Intrinsic Value (in thousands) Outstanding as of June 30, 2017 3,351,594 $ 3.02 6.32 $ 8,035 Exercised (358,991 ) 2.00 — — Forfeited (97,231 ) 3.41 — — Outstanding as of March 31, 2018 2,895,372 $ 3.13 5.69 $ 3,065 Exercisable as of March 31, 2018 1,875,581 $ 2.65 4.91 $ 2,659

Contingencies

Contingencies	9 Months Ended
	Mar. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Contingencies	NOTE 12 – CONTINGENCIES Legal Proceedings The Company is involved in various claims and legal actions arising in the ordinary course of business, some of which are in the very early stages of litigation and therefore difficult to judge their potential materiality. For those claims for which the Company can judge the materiality, in the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity. Legal expenses are expensed as incurred. A summary of potential material litigation is as follows. Ingrid Barahona v. Accountabilities, Inc. d/b/a/ Accountabilities Staffing, Inc., Radiant Global Logistics, Inc. and DBA Distribution Services, Inc. (Ingrid Barahona California Class Action) On October 25, 2013, plaintiff Ingrid Barahona filed a purported class action lawsuit against RGL, DBA Distribution Services, Inc. (“DBA”), and two third-party staffing companies (collectively, the “Staffing Defendants”) with whom Radiant and DBA contracted for temporary employees. In the lawsuit, Ms. Barahona, on behalf of herself and the putative class, seeks damages and penalties under California law, plus interest, attorneys’ fees, and costs, along with equitable remedies, alleging that she and the putative class were the subject of unfair and unlawful business practices, including certain wage and hour violations relating to, among others, failure to provide meal and rest periods, failure to pay minimum wages and overtime, and failure to reimburse employees for work-related expenses. Ms. Barahona alleges that she was jointly employed by the staffing companies and Radiant and DBA. Radiant and DBA deny Ms. Barahona’s allegations in their entirety, deny that they are liable to Ms. Barahona or the putative class members in any way, and are vigorously defending against these allegations based upon a preliminary evaluation of applicable records and legal standards. If Ms. Barahona’s allegations were to prevail on all claims the Company, as well as its co-defendants, could be liable for uninsured damages in an amount that, while not significant when evaluated against either the Company’s assets or current and expected level of annual earnings, could be material when judged against the Company’s earnings in the particular quarter in which any such damages arose, if at all. However, based upon the Company’s preliminary evaluation of the matter, it does not believe it is likely to incur material damages, if at all, since, among others: (i) the amount of any potential damages remains highly speculative at this stage of the proceedings; (ii) the Company does not believe as a matter of law it should be characterized as Ms. Barahona’s employer and codefendant Accountabilities admitted to being the employer of record, (iii) wage and hour class actions of this nature typically settle for amounts significantly less than plaintiffs’ demands because of the uncertainty with litigation and the difficulty in taking these types of cases to trial; and (iv) Ms. Barahona has indicated her desire to resolve this matter through a mediated settlement. Ms. Barahona admitted in a report to the court that she is unable to prosecute the case because the payroll and personnel records she needs are in the possession of Tri-State and/or Accountabilities (“Debtors”), and the case has been stayed as to them pending resolution of their chapter 11 bankruptcy proceedings. In 2017, Ms. Barahona dismissed the Debtors from this litigation so they could lawfully seek discovery from them (specifically, the “Employment Records”). Between January 2016 and April 2018, the court held at least three status conferences to address the status of Ms. Barahona’s counsel’s efforts to obtain the Employment Records from the Debtors. To date, Ms. Barahona’s counsel has failed to obtain the Employment Records. In the meantime, in 2017, DBA and Radiant informally obtained some records from the Debtor’s Trustee’s counsel and produced copies of those records to Ms. Barahona. However, those records consist of incomplete employee lists and do not contain the requisite timekeeping, payroll and personnel records that are necessary to analyze the legal issues raised by this case and to credibly identify the putative class members. The court has set a new deadline of May 25, 2018, for Ms. Barahona to file her motion for class certification, and set a further status conference for June 8, 2018. A mediation was conducted on April 26, 2018, but the Company is not optimistic that the case will settle (at least not on a class-wide basis) because the Plaintiff still lacks the Employment Records needed to ascertain who are the class members, to file a successful motion for class certification, and to file a motion for preliminary and final approval of a class-wide settlement. At this time, the Company is unable to express an opinion as to the likely outcome of the matter. Radiant Global Logistics, Inc. v. Border Express Services, Ltd., Kenneth Drummond and Maureen Drummond During the quarter ended March 31, 2018, the Company commenced an arbitration proceeding against its British Columbia, Canada, operating partner to collect approximately $1.4 million of deficit bad debt reserves included as accounts receivable in the condensed consolidated balance sheets. As the controversy remains in the early stages, the Company is unable to express an opinion as to the outcome of the matter. Contingent Consideration and Earn-out Payments The Company’s agreements with respect to previous acquisitions contain future consideration provisions which provide for the selling equity owners to receive additional consideration if specified operating objectives and financial results are achieved in future periods, as defined in their respective agreements. Earn-out payments are generally due annually on November 1, and 90 days following the quarter of the final earn-out period for each respective acquisition. The following table represents the estimated undiscounted earn-out payments to be paid in each of the following fiscal years: (In thousands) 2018 (remaining) 2019 2020 2021 2022 Total Earn-out payments: Cash $ 36 $ 1,399 $ 1,202 $ 875 $ 188 $ 3,700 Equity (1) — 375 309 292 62 1,038 Total estimated earn-out payments $ 36 $ 1,774 $ 1,511 $ 1,167 $ 250 $ 4,738 (1) The Company generally has the right but not the obligation to satisfy a portion of the earn-out payments in stock.

Operating and Geographic Segmen

Operating and Geographic Segment Information	9 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Operating and Geographic Segment Information	NOTE 13 – OPERATING AND GEOGRAPHIC SEGMENT INFORMATION Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision-maker, or decision-making group, in making decisions regarding allocation of resources and assessing performance. The Company’s chief operating decision-maker is the Chief Executive Officer. The Company has two operating segments: United States and Canada. Immaterial operations outside of the United States and Canada are reported in the United States segment. The Company evaluates the performance of the segments primarily based on their respective revenues, net revenues and income from operations. Accordingly, capital expenditures and total assets are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes the costs of the Company’s executives, board of directors, professional services such as legal and consulting, amortization of acquired intangible assets and certain other corporate costs associated with operating as a public company. Three Months Ended March 31, 2018 (in thousands): United States Canada Corporate/ Eliminations Total Revenues $ 177,150 $ 26,998 $ (227 ) $ 203,921 Net revenues 42,519 6,629 — 49,148 Income (loss) from operations 4,787 692 (4,021 ) 1,458 Other income (expense) 64 46 (745 ) (635 ) Income (loss) before income tax provision 4,851 738 (4,766 ) 823 Depreciation and amortization 612 354 2,674 3,640 Technology and equipment, net 12,964 3,453 — 16,417 Transition and lease termination liability 402 1,017 — 1,419 Goodwill 43,991 21,398 — 65,389 Three Months Ended March 31, 2017 (in thousands): Revenues $ 159,787 $ 23,074 $ (1,090 ) $ 181,771 Net revenues 41,014 4,695 — 45,709 Income (loss) from operations 5,663 1,010 (4,653 ) 2,020 Other income (expense) 117 (68 ) (607 ) (558 ) Income (loss) before income tax provision 5,780 942 (5,260 ) 1,462 Depreciation and amortization 595 150 2,260 3,005 Technology and equipment, net 11,292 1,111 730 13,133 Transition and lease termination costs 446 — — 446 Transition and lease termination liability 564 1,055 — 1,619 Goodwill 42,984 19,904 — 62,888 Nine Months Ended March 31, 2018 (in thousands): United States Canada Corporate/ Eliminations Total Revenues $ 531,546 $ 78,198 $ (1,132 ) $ 608,612 Net revenues 123,909 19,255 — 143,164 Income (loss) from operations 16,777 1,689 (11,956 ) 6,510 Other income (expense) 297 (100 ) (2,312 ) (2,115 ) Income (loss) before income tax provision 17,074 1,589 (14,268 ) 4,395 Depreciation and amortization 1,803 969 8,011 10,783 Technology and equipment, net 12,964 3,453 — 16,417 Transition and lease termination costs 107 — — 107 Transition and lease termination liability 402 1,017 — 1,419 Goodwill 43,991 21,398 — 65,389 Nine Months Ended March 31, 2017 (in thousands): Revenues $ 506,677 $ 72,972 $ (3,864 ) $ 575,785 Net revenues 129,988 14,854 — 144,842 Income (loss) from operations 19,507 3,573 (13,268 ) 9,812 Other income (expense) 714 33 (1,856 ) (1,109 ) Income (loss) before income tax provision 20,221 3,606 (15,124 ) 8,703 Depreciation and amortization 1,786 469 6,784 9,039 Technology and equipment, net 11,292 1,111 730 13,133 Transition and lease termination costs 1,307 — — 1,307 Transition and lease termination liability 564 1,055 — 1,619 Goodwill 42,984 19,904 — 62,888

Subsequent Event

Subsequent Event	9 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Event	NOTE 14 – SUBSEQUENT EVENT On April 13, 2018, the Company’s board of directors declared a cash dividend to holders of the Series A Preferred Shares in the amount of $0.609375 per share. The declared dividend totaled $511 and was paid on April 30, 2018.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Use of Estimates	a) Use of Estimates The preparation of financial statements and related disclosures in accordance with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates include revenue recognition, accruals for the cost of purchased transportation, the fair value of acquired assets and liabilities, changes in contingent consideration, accounting for the issuance of shares and share-based compensation, the assessment of the recoverability of long-lived assets and goodwill, and the establishment of an allowance for doubtful accounts. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the period that they are determined to be necessary. Actual results could differ from those estimates.
Fair Value Measurements	b) Fair Value Measurements In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability.
Fair Value of Financial Instruments	c) Fair Value of Financial Instruments The carrying values of the Company’s receivables, accounts payable and accrued transportation costs, commissions payable, other accrued costs, and the income tax deposit approximate the fair values due to the relatively short maturities of these instruments. The carrying value of the Company’s credit facility, notes payable and other long-term liabilities would not differ significantly from fair value (based on Level 2 inputs) if recalculated based on current interest rates. Contingent consideration attributable to the Company’s acquisitions are reported at fair value using Level 3 inputs.
Cash and Cash Equivalents	d) Cash and Cash Equivalents For purposes of the statements of cash flows, cash equivalents include all highly liquid investments with original maturities of three months or less. Checks issued by the Company that have not yet been presented to the bank for payment are reported as accounts payable and commissions payable in the accompanying condensed consolidated balance sheets. Accounts payable and commissions payable includes outstanding payments which had not yet been presented to the bank for payment in the amounts of $6,066 and $9,238 as of March 31, 2018 and June 30, 2017, respectively.
Concentrations	e) Concentrations The Company maintains its cash in bank deposit accounts that, at times, may exceed federally-insured limits. The Company has not experienced any losses in such accounts.
Accounts Receivable	f) Accounts Receivable The Company’s receivables are recorded when billed and represent claims against third-parties that will be settled in cash. This includes amounts owed by third-party customers, as well as amounts owed by strategic operating partners. The carrying value of the Company’s receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. The Company evaluates the collectability of accounts receivable on a customer-by-customer basis. The Company records a reserve for bad debts against amounts due in order to reduce the net recognized receivable to an amount the Company believes will be reasonably collected. The reserve is a discretionary amount determined from the analysis of the aging of the accounts receivables, historical experience and knowledge of specific customers. The Company derives a substantial portion of its revenue through independently-owned strategic operating partner locations operating under various Company brands. Each strategic operating partner is responsible for some or all of the bad debt expense related to the underlying customers being serviced by such strategic operating partner. To facilitate this arrangement, certain strategic operating partners are required to maintain a bad debt reserve in the form of a security deposit with the Company that is recognized as a liability in the Company’s financial statements. The Company charges each strategic operating partner’s bad debt reserve account for any accounts receivable aged beyond 90 days along with any other amounts owed to the Company by strategic operating partners. However, the bad debt reserve account may carry a deficit balance when amounts charged to this reserve account exceed amounts otherwise available in this reserve account. In these circumstances, deficit bad debt reserve accounts are recognized as a receivable in the Company’s financial statements. Other strategic operating partners are not required to establish a bad debt reserve, however, they are still responsible for deficits and their strategic operating partner agreements provide that the Company may withhold all or a portion of future commission checks payable to the strategic operating partner in satisfaction of any deficit balance. Currently, a number of the Company’s strategic operating partners have a deficit balance in their bad debt reserve account. The Company expects to replenish these funds through the future business operations of these strategic operating partners. However, to the extent any of these strategic operating partners were to cease operations or otherwise be unable to replenish these deficit accounts, the Company would be at risk of loss for any such amount and includes such amounts in the reserve for bad debts as considered necessary.
Technology and Equipment	g) Technology and Equipment Technology (computer software, hardware, and communications), vehicles, furniture and equipment are stated at cost, less accumulated depreciation over the estimated useful lives of the respective assets. Depreciation is computed using three to fifteen year lives for vehicles, communication, office, furniture, and computer equipment using the straight line method of depreciation. Computer software is depreciated over a three to five year life using the straight line method of depreciation. For leasehold improvements, the cost is amortized over the shorter of the lease term or useful life on a straight line basis. Upon retirement or other disposition of these assets, the cost and related accumulated depreciation or amortization are removed from the accounts and the resulting gain or loss, if any, is reflected in other income or expense. Expenditures for maintenance, repairs and renewals of minor items are charged to expense as incurred. Major renewals and improvements are capitalized.
Goodwill	h) Goodwill Goodwill represents the excess of purchase price over the value assigned to the net tangible and identifiable intangible assets of a business acquired. The Company typically performs its annual goodwill impairment test effective as of April 1 of each year, unless events or circumstances indicate impairment may have occurred before that time. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If, after assessing qualitative factors, the Company determines it is not more likely than not that the fair value of the reporting unit is less than its carrying amount than no further testing is necessary. If further testing was necessary, the Company would determine the fair value of each reporting unit, and compare the fair value to the reporting unit’s carrying amount. As of March 31, 2018, management believes there are no indications of impairment.
Long-Lived Assets	i ) Long-Lived Assets Acquired intangibles consist of customer related intangibles, trade names and trademarks, and non-compete agreements arising from the Company’s acquisitions. Customer related intangibles are amortized using the straight-line method over a period of up to 10 years, trademarks and trade names are amortized using the straight line method over 15 years, and non-compete agreements are amortized using the straight line method over the term of the underlying agreements. The Company reviews long-lived assets and technology and equipment to be held-and-used for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. If the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset is less than its carrying amount, the asset is considered to be impaired. Impairment losses are measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset. Assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. Management has performed a review of all long-lived assets and has determined no impairment of the respective carrying value has occurred as of March 31, 2018.
Business Combinations	j) Business Combinations The Company accounts for business combinations using the acquisition method of accounting and allocates the purchase price to the tangible and intangible assets acquired and the liabilities assumed based upon their estimated fair values at the acquisition date. The difference between the purchase price and the fair value of the net assets acquired is recorded as goodwill. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, the estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recognized in the condensed consolidated statements of operations. The fair values of intangible assets acquired are estimated using a discounted cash flow approach with Level 3 inputs. Under this method, an intangible asset’s fair value is equal to the present value of the incremental after-tax cash flows (excess earnings) attributable solely to the intangible asset over its remaining useful life. To calculate fair value, the Company uses risk-adjusted cash flows discounted at rates considered appropriate given the inherent risks associated with each type of asset. The Company believes the level and timing of cash flows appropriately reflects market participant assumptions. The Company determines the acquisition date fair value of the contingent consideration payable based on the likelihood of paying the contingent consideration as part of the consideration transferred. The fair value is estimated using projected future operating results and the corresponding future earn-out payments that can be earned upon the achievement of specified operating objectives and financial results by acquired companies using Level 3 inputs and the amounts are then discounted to present value. These liabilities are measured quarterly at fair value, and any change in the contingent liability is recognized in the condensed consolidated statements of operations.
Commitments	k) Commitments The Company has operating lease commitments for equipment rentals, office space, and warehouse space under non-cancelable operating leases expiring at various dates through April 2023. Rent expense is recognized straight line over the term of the lease. Minimum future lease payments (excluding the lease payments included in the transition and lease termination liability) under these non-cancelable operating leases for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 2,345 2019 8,852 2020 8,467 2021 7,257 2022 4,741 Thereafter 1,086 Total minimum lease payments $ 32,748 Rent expense amounted to $2,304 and $6,672 for the three and nine months ended March 31, 2018, respectively, and $1,171 and $3,566 for the three and nine months ended March 31, 2017, respectively.
Transition and Lease Termination Costs	l) Transition and Lease Termination Costs Lease termination costs consist of expenses related to future rent payments for which the Company no longer intends to receive any economic benefit. A liability is recorded when the Company ceases to use leased space. Lease termination costs are calculated as the present value of lease payments, net of expected sublease income, and the loss on disposition of assets. Retention and transition costs consist of retention bonuses expected to be paid, and non-recurring personnel costs identified for elimination in connection with the winding down of Service by Air, Inc. (“SBA”). The transition and lease termination liability consists of the following: (In thousands) Lease Costs Retention Costs Total Balance as of June 30, 2017 $ 1,614 $ 400 $ 2,014 Transition and lease termination costs 107 — 107 Payments and other (640 ) (62 ) (702 ) Balance as of March 31, 2018 $ 1,081 $ 338 $ 1,419
401(k) Savings Plans	m) 401(k) Savings Plans The Company has an employee savings plan under which the Company provides safe harbor matching contributions. The Company’s contributions under the plan were $212 and $637 for the three and nine months ended March 31, 2018, respectively, and $204 and $572 for the three and nine months ended March 31, 2017, respectively.
Income Taxes	n) Income Taxes Deferred income taxes are reported using the asset and liability method. Deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties, if any, are recorded as a component of interest expense or other expense, respectively.
Revenue Recognition and Purchased Transportation Costs	o) Revenue Recognition and Purchased Transportation Costs The Company is the primary obligor responsible for providing the service desired by the customer and is responsible for fulfillment, including the acceptability of the service(s) ordered or purchased by the customer. At the Company’s sole discretion, it sets the prices charged to its customers, and is not required to obtain approval or consent from any other party in establishing its prices. The Company has multiple suppliers for the services it sells to its customers, and has the absolute and complete discretion and right to select the supplier that will provide the product(s) or service(s) ordered by a customer, including changing the supplier on a shipment-by-shipment basis. In most cases, the Company determines the nature, type, characteristics, and specifications of the service(s) ordered by the customer. The Company also assumes credit risk for the amount billed to the customer. As a non-asset based carrier, the Company generally does not own transportation assets. The Company generates the major portion of its freight forwarding revenues by purchasing transportation services from direct (asset-based) carriers and reselling those services to its customers. Based upon the terms in the contract of carriage, revenues related to shipments where the Company issues a House Airway Bill or a House Ocean Bill of Lading are recognized at the time the freight is tendered to the direct carrier at origin net of duties and taxes. Costs related to the shipments are also recognized at this same time based upon anticipated margins, contractual arrangements with direct carriers, and other known factors. The estimates are routinely monitored and compared to actual invoiced costs. The estimates are adjusted as deemed necessary by the Company to reflect differences between the original accruals and actual costs of purchased transportation. This method generally results in recognition of revenues and purchased transportation costs earlier than the preferred methods under GAAP which does not recognize revenue until a proof of delivery is received or which recognizes revenue as progress on the transit is made. The Company’s method of revenue and cost recognition does not result in a material difference from amounts that would be reported under such other methods. All other revenue, including revenue from other value-added services including brokerage services, warehousing and fulfillment services, is recognized upon completion of the service.
Share-Based Compensation	p) Share-Based Compensation The Company has issued restricted stock awards, restricted stock units and stock options to certain directors, officers and employees. The Company accounts for share-based compensation under the fair value recognition provisions such that compensation cost is measured at the grant date based on the fair value of the award and is expensed ratably over the vesting period. Determining the fair value of share-based awards at the grant date requires judgment about, among other things, stock volatility, the expected life of the award, and other inputs. The Company accounts for forfeitures as they occur. The Company issues new shares of common stock to satisfy exercises and vesting of awards granted under its stock plans. The Company recorded share-based compensation expense of $386 and $1,116 for the three and nine months ended March 31, 2018, respectively, and $323 and $983 for the three and nine months ended March 31, 2017, respectively.
Basic and Diluted Income Per Share	q) Basic and Diluted Income Per Share Basic income per share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares, such as stock awards and stock options, had been issued and if the additional common shares were dilutive. Net income attributable to common stockholders is calculated after earned preferred stock dividends, whether or not declared. The following table reconciles the numerator and denominator of the basic and diluted per share computations for earnings per share as follows: Three Months Ended March 31, Nine Months Ended March 31, 2018 2017 2018 2017 Weighted average basic shares outstanding 49,334,300 48,817,330 49,197,218 48,822,882 Dilutive effect of share-based awards 1,296,007 1,352,241 1,463,260 1,011,709 Weighted average dilutive shares outstanding 50,630,307 50,169,571 50,660,478 49,834,591 Potentially dilutive common shares excluded 1,365,862 1,380,868 1,190,016 1,886,854
Foreign Currency Translation	r) Foreign Currency Translation For the Company’s foreign subsidiaries that prepare financial statements in currencies other than U.S. dollars, the local currency is the functional currency. All assets and liabilities are translated at period-end exchange rates and all income statement amounts are translated at the weighted average rates for the period. Translation adjustments are recorded in accumulated other comprehensive (loss) income. Gains and losses on transactions of monetary items are recognized in the condensed consolidated statements of operations.
Recent Accounting Pronouncements	s) Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers The Company has been reviewing and evaluating its existing customer contracts. Under the new guidance, revenue from transportation services will be recognized over time as control is transferred to the customer. Revenue from warehousing and fulfillment services will continue to be recognized as the promised services are transferred to the customer. The Company has also evaluated whether it acts as a principal or agent with regard to its promise to transfer transportation services and does not expect its current presentation of revenue and related costs from transportation services reflected on a gross basis to change. The Company will adopt the new revenue guidance using the modified retrospective method applied to those contracts that are not complete as of July 1, 2018 with a cumulative effect adjustment to opening retained earnings at the date of adoption and provide the required supplemental disclosures. The Company continues to develop and implement changes to its accounting policies, practices, and controls to support the new guidance. In February 2016, the FASB issued ASU 2016-02, Leases In October 2016, the FASB issued ASU 2016-16, Income Taxes
Recently Adopted Accounting Pronouncements	t) Recently Adopted Accounting Pronouncements In the prior fiscal year, the Company adopted ASU 2016-09, Stock Compensation Statement of Cash Flows Intangibles—Goodwill and Other
Reclassifications	u) Reclassifications Certain amounts for prior periods have been reclassified in the Company’s consolidated financial statements to conform to the classification used in fiscal year 2018 .

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of Minimum Future Lease Payments (Excluding Lease Termination Liability) under Non-Cancelable Operating Leases	Minimum future lease payments (excluding the lease payments included in the transition and lease termination liability) under these non-cancelable operating leases for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 2,345 2019 8,852 2020 8,467 2021 7,257 2022 4,741 Thereafter 1,086 Total minimum lease payments $ 32,748
Schedule of Transition and Lease Termination Liability	The transition and lease termination liability consists of the following: (In thousands) Lease Costs Retention Costs Total Balance as of June 30, 2017 $ 1,614 $ 400 $ 2,014 Transition and lease termination costs 107 — 107 Payments and other (640 ) (62 ) (702 ) Balance as of March 31, 2018 $ 1,081 $ 338 $ 1,419
Reconciliation of Numerator and Denominator of Basic and Diluted Per Share Computations for Earnings Per Share	The following table reconciles the numerator and denominator of the basic and diluted per share computations for earnings per share as follows: Three Months Ended March 31, Nine Months Ended March 31, 2018 2017 2018 2017 Weighted average basic shares outstanding 49,334,300 48,817,330 49,197,218 48,822,882 Dilutive effect of share-based awards 1,296,007 1,352,241 1,463,260 1,011,709 Weighted average dilutive shares outstanding 50,630,307 50,169,571 50,660,478 49,834,591 Potentially dilutive common shares excluded 1,365,862 1,380,868 1,190,016 1,886,854

Technology and Equipment (Table

Technology and Equipment (Tables)	9 Months Ended
	Mar. 31, 2018
Property Plant And Equipment [Abstract]
Schedule of Technology and Equipment	(In thousands) March 31, June 30, 2018 2017 Computer software $ 15,180 $ 12,848 Trailers and related equipment 4,196 4,682 Leasehold improvements 3,184 2,363 Office and warehouse equipment 2,925 2,005 Computer equipment 2,134 1,745 Furniture and fixtures 916 788 28,535 24,431 Less: Accumulated depreciation and amortization (12,118 ) (9,204 ) $ 16,417 $ 15,227

Acquired Intangible Assets (Tab

Acquired Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Acquired Intangible Assets	The table below reflects acquired intangible assets related to all acquisitions: (In thousands) March 31, June 30, Weighted- Average 2018 2017 Life Customer related $ 96,515 $ 96,106 6.40 years Trade names and trademarks 14,977 14,977 10.50 years Covenants not to compete 875 850 2.00 years 112,367 111,933 Less: Accumulated amortization (44,631 ) (37,204 ) $ 67,736 $ 74,729
Schedule of Future Amortization Expense	. Future amortization expense for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 2,472 2019 9,859 2020 9,616 2021 9,395 2022 8,841 Thereafter 27,553 $ 67,736

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Notes Payable	Notes payable consist of the following: (In thousands) March 31, June 30, 2018 2017 Senior Credit Facility $ 20,565 $ 13,780 Senior Secured Loans 25,249 27,514 Other notes payable — 149 Less: Loan issuance costs (930 ) (1,021 ) Total notes payable 44,884 40,422 Less: Current portion (3,446 ) (3,382 ) Total notes payable, net of current portion $ 41,438 $ 37,040
Schedule of Maturities of Notes Payable	Future maturities of notes payable for each of the next five fiscal years ending June 30 and thereafter are as follows: (In thousands) 2018 (remaining) $ 840 2019 3,503 2020 3,744 2021 4,000 2022 24,839 Thereafter 8,888 $ 45,814

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis	The following table sets forth the Company’s financial liabilities measured at fair value on a recurring basis: (In thousands) Fair Value Measurements as of March 31, 2018 Level 3 Total Contingent consideration $ 3,711 $ 3,711 Fair Value Measurements as of June 30, 2017 Level 3 Total Contingent consideration $ 9,920 $ 9,920
Fair Value Liabilities Measured on Recurring Basis Unobservable Input Reconciliation	The following table provides a reconciliation of the liabilities measured at fair value using significant unobservable inputs (Level 3): (In thousands) Contingent Consideration Balance as of June 30, 2017 $ 9,920 Changes related to accounting for acquisition (2,275 ) Contingent consideration paid (3,859 ) Change in fair value (75 ) Balance as of March 31, 2018 $ 3,711

Provision for Income Taxes (Tab

Provision for Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense Benefit	(In thousands) Three Months Ended March 31, Nine Months Ended March 31, 2018 2017 2018 2017 Current income tax expense $ 312 $ 776 $ 2,387 $ 3,943 Deferred income tax benefit (189 ) (236 ) (3,478 ) (662 ) Income tax expense (benefit) $ 123 $ 540 $ (1,091 ) $ 3,281

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Share-Based Compensation Restricted Stock Activity	The following table summarizes stock award activity under the plans: Number of Shares Weighted Average Grant- Date Fair Value Balance as of June 30, 2017 258,636 $ 2.86 Granted 251,151 4.97 Forfeited (17,625 ) 4.47 Balance as of March 31, 2018 492,162 $ 3.88
Schedule of Share-Based Compensation Stock Options Activity	The following table summarizes stock option activity under the plans: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual (Years) Aggregate Intrinsic Value (in thousands) Outstanding as of June 30, 2017 3,351,594 $ 3.02 6.32 $ 8,035 Exercised (358,991 ) 2.00 — — Forfeited (97,231 ) 3.41 — — Outstanding as of March 31, 2018 2,895,372 $ 3.13 5.69 $ 3,065 Exercisable as of March 31, 2018 1,875,581 $ 2.65 4.91 $ 2,659

Contingencies (Tables)

Contingencies (Tables)	9 Months Ended
	Mar. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Schedule of Potential Earn-Out Payments	The following table represents the estimated undiscounted earn-out payments to be paid in each of the following fiscal years: (In thousands) 2018 (remaining) 2019 2020 2021 2022 Total Earn-out payments: Cash $ 36 $ 1,399 $ 1,202 $ 875 $ 188 $ 3,700 Equity (1) — 375 309 292 62 1,038 Total estimated earn-out payments $ 36 $ 1,774 $ 1,511 $ 1,167 $ 250 $ 4,738 (1) The Company generally has the right but not the obligation to satisfy a portion of the earn-out payments in stock.

Operating and Geographic Segm31

Operating and Geographic Segment Information (Tables)	9 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting	The Company evaluates the performance of the segments primarily based on their respective revenues, net revenues and income from operations. Accordingly, capital expenditures and total assets are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes the costs of the Company’s executives, board of directors, professional services such as legal and consulting, amortization of acquired intangible assets and certain other corporate costs associated with operating as a public company. Three Months Ended March 31, 2018 (in thousands): United States Canada Corporate/ Eliminations Total Revenues $ 177,150 $ 26,998 $ (227 ) $ 203,921 Net revenues 42,519 6,629 — 49,148 Income (loss) from operations 4,787 692 (4,021 ) 1,458 Other income (expense) 64 46 (745 ) (635 ) Income (loss) before income tax provision 4,851 738 (4,766 ) 823 Depreciation and amortization 612 354 2,674 3,640 Technology and equipment, net 12,964 3,453 — 16,417 Transition and lease termination liability 402 1,017 — 1,419 Goodwill 43,991 21,398 — 65,389 Three Months Ended March 31, 2017 (in thousands): Revenues $ 159,787 $ 23,074 $ (1,090 ) $ 181,771 Net revenues 41,014 4,695 — 45,709 Income (loss) from operations 5,663 1,010 (4,653 ) 2,020 Other income (expense) 117 (68 ) (607 ) (558 ) Income (loss) before income tax provision 5,780 942 (5,260 ) 1,462 Depreciation and amortization 595 150 2,260 3,005 Technology and equipment, net 11,292 1,111 730 13,133 Transition and lease termination costs 446 — — 446 Transition and lease termination liability 564 1,055 — 1,619 Goodwill 42,984 19,904 — 62,888 Nine Months Ended March 31, 2018 (in thousands): United States Canada Corporate/ Eliminations Total Revenues $ 531,546 $ 78,198 $ (1,132 ) $ 608,612 Net revenues 123,909 19,255 — 143,164 Income (loss) from operations 16,777 1,689 (11,956 ) 6,510 Other income (expense) 297 (100 ) (2,312 ) (2,115 ) Income (loss) before income tax provision 17,074 1,589 (14,268 ) 4,395 Depreciation and amortization 1,803 969 8,011 10,783 Technology and equipment, net 12,964 3,453 — 16,417 Transition and lease termination costs 107 — — 107 Transition and lease termination liability 402 1,017 — 1,419 Goodwill 43,991 21,398 — 65,389 Nine Months Ended March 31, 2017 (in thousands): Revenues $ 506,677 $ 72,972 $ (3,864 ) $ 575,785 Net revenues 129,988 14,854 — 144,842 Income (loss) from operations 19,507 3,573 (13,268 ) 9,812 Other income (expense) 714 33 (1,856 ) (1,109 ) Income (loss) before income tax provision 20,221 3,606 (15,124 ) 8,703 Depreciation and amortization 1,786 469 6,784 9,039 Technology and equipment, net 11,292 1,111 730 13,133 Transition and lease termination costs 1,307 — — 1,307 Transition and lease termination liability 564 1,055 — 1,619 Goodwill 42,984 19,904 — 62,888

The Company and Basis of Pres32

The Company and Basis of Presentation - Additional Information (Detail)	9 Months Ended
	Mar. 31, 2018LocationOfficeCompany
Organization and Basis of Presentation [Line Items]
Number of operating locations | Location	100
Number of owned offices | Office	20
Number of asset based transportation companies | Company	10,000
Radiant Logistics Partners LLC | Radiant Global Logistics, Inc.
Organization and Basis of Presentation [Line Items]
Equity method investment, ownership percentage	40.00%
Radiant Logistics Partners LLC | Radiant Capital Partners, LLC | Chief Executive Officer | Variable Interest Entity, Primary Beneficiary
Organization and Basis of Presentation [Line Items]
Equity method investment, ownership percentage	60.00%

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Summary Of Significant Accounting Policies [Line Items]
Accounts payable and commissions payable	$ 6,066		$ 6,066		$ 9,238
Rent expense	2,304	$ 1,171	6,672	$ 3,566
Defined contribution plan, contributions by employer	212	204	637	572
Share-based compensation expense	386	$ 323	1,116	$ 983
Future minimum lease payments	32,748		32,748
Deposit and Other Asset
Summary Of Significant Accounting Policies [Line Items]
Deferred Tax Assets recognized in deposits and other assets	$ 1,700		$ 1,700
Trademarks and Trade Names
Summary Of Significant Accounting Policies [Line Items]
Finite-lived intangible asset, useful life			15 years
Maximum | Customer-Related Intangible Assets
Summary Of Significant Accounting Policies [Line Items]
Finite-lived intangible asset, useful life			10 years
Technology and Equipment | Minimum
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life			3 years
Technology and Equipment | Maximum
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life			15 years
Computer Software | Minimum
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life			3 years
Computer Software | Maximum
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life			5 years

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Schedule of Minimum Future Lease Payments (Excluding Lease Termination Liability) under Non-Cancelable Operating Leases (Detail) $ in Thousands	Mar. 31, 2018USD ($)
Leases Operating [Abstract]
2018 (remaining)	$ 2,345
2,019	8,852
2,020	8,467
2,021	7,257
2,022	4,741
Thereafter	1,086
Total minimum lease payments	$ 32,748

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Schedule of Transition and Lease Termination Liability (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost And Reserve [Line Items]
Beginning Balance			$ 2,014
Transition and lease termination costs	$ 0	$ 446	107	$ 1,307
Payments and other			(702)
Ending Balance	1,419	$ 1,619	1,419	$ 1,619
Lease Termination Costs
Restructuring Cost And Reserve [Line Items]
Beginning Balance			1,614
Transition and lease termination costs			107
Payments and other			(640)
Ending Balance	1,081		1,081
Retention Costs
Restructuring Cost And Reserve [Line Items]
Beginning Balance			400
Transition and lease termination costs			0
Payments and other			(62)
Ending Balance	$ 338		$ 338

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share Computations for Earnings Per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Weighted average basic shares outstanding	49,334,300	48,817,330	49,197,218	48,822,882
Dilutive effect of share-based awards	1,296,007	1,352,241	1,463,260	1,011,709
Weighted average dilutive shares outstanding	50,630,307	50,169,571	50,660,478	49,834,591
Potentially dilutive common shares excluded	1,365,862	1,380,868	1,190,016	1,886,854

Business Acquisitions - Additio

Business Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Business Acquisition [Line Items]
Transition and lease termination costs		$ 0	$ 446	$ 107	$ 1,307
Acquisition results, subject to change, reason				The estimates and assumptions are subject to change as additional information is obtained for the estimates during the respective measurement periods (up to one year from the acquisition date). The primary areas of the preliminary estimates not yet finalized relate to certain tangible assets and liabilities acquired, goodwill and identifiable intangible assets.
Decrease recorded to contingent consideration		$ (35)	$ (737)	$ 75	$ (1,793)
DLT
Business Acquisition [Line Items]
Decrease recorded to acquired intangibles	$ 900
Decrease recorded to contingent consideration	2,500
Decrease recorded to goodwill	1,700
DLT | Maximum
Business Acquisition [Line Items]
Change in amortization expense	$ 100

Technology and Equipment - Sche

Technology and Equipment - Schedule of Technology and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Property Plant And Equipment [Line Items]
Technology and equipment, gross	$ 28,535	$ 24,431
Less: Accumulated depreciation and amortization	(12,118)	(9,204)
Technology and equipment, net	16,417	15,227	$ 13,133
Computer Software
Property Plant And Equipment [Line Items]
Technology and equipment, gross	15,180	12,848
Trailers and related equipment
Property Plant And Equipment [Line Items]
Technology and equipment, gross	4,196	4,682
Leasehold improvements
Property Plant And Equipment [Line Items]
Technology and equipment, gross	3,184	2,363
Office and warehouse equipment
Property Plant And Equipment [Line Items]
Technology and equipment, gross	2,925	2,005
Computer equipment
Property Plant And Equipment [Line Items]
Technology and equipment, gross	2,134	1,745
Furniture and fixtures
Property Plant And Equipment [Line Items]
Technology and equipment, gross	$ 916	$ 788

Technology and Equipment - Addi

Technology and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Property Plant And Equipment [Line Items]
Depreciation and leasehold amortization	$ 1,150	$ 929	$ 3,356	$ 2,806
Computer software currently in development	28,535		28,535		$ 24,431
Software Currently In Development
Property Plant And Equipment [Line Items]
Computer software currently in development	$ 1,259		$ 1,259		$ 4,021

Acquired Intangible Assets - Sc

Acquired Intangible Assets - Schedule of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Finite Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 112,367	$ 111,933
Acquired intangible assets, accumulated amortization	(44,631)	(37,204)
Total	67,736	74,729
Customer related
Finite Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 96,515	96,106
Acquired intangible assets, weighted-average life	6 years 4 months 24 days
Trademarks and Trade Names
Finite Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 14,977	14,977
Acquired intangible assets, weighted-average life	10 years 6 months
Covenants not to compete
Finite Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 875	$ 850
Acquired intangible assets, weighted-average life	2 years

Acquired Intangible Assets - Ad

Acquired Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangibles	$ 2,490	$ 2,076	$ 7,427	$ 6,233

Acquired Intangible Assets - 42

Acquired Intangible Assets - Schedule of Future Amortization Expense (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
2018 (remaining)	$ 2,472
2,019	9,859
2,020	9,616
2,021	9,395
2,022	8,841
Thereafter	27,553
Total	$ 67,736	$ 74,729

Notes Payable - Schedule of Not

Notes Payable - Schedule of Notes Payable (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Debt Disclosure [Abstract]
Senior Credit Facility	$ 20,565	$ 13,780
Senior Secured Loans	25,249	27,514
Other notes payable	0	149
Less: Loan issuance costs	(930)	(1,021)
Total notes payable	44,884	40,422
Less: Current portion	(3,446)	(3,382)
Total notes payable, net of current portion	$ 41,438	$ 37,040

Notes Payable - Schedule of Mat

Notes Payable - Schedule of Maturities of Notes Payable (Detail) $ in Thousands	Mar. 31, 2018USD ($)
Debt Disclosure [Abstract]
2018 (remaining)	$ 840
2,019	3,503
2,020	3,744
2,021	4,000
2,022	24,839
Thereafter	8,888
Total maturities of notes payable	$ 45,814

Notes Payable - Additional Info

Notes Payable - Additional Information (Detail) $ in Millions	Apr. 02, 2015CAD ($)	Apr. 30, 2018USD ($)Trailer	Mar. 31, 2018USD ($)	Apr. 01, 2017CAD ($)
Subsequent Event
Debt Instrument [Line Items]
Number of refrigerated trailers | Trailer		100
Integrated Private Debt Fund Loan
Debt Instrument [Line Items]
Debt instrument payment description			The loans may be prepaid in whole at any time upon providing at least 30 days prior written notice and paying the difference between (i) the present value of the loan interest and the principal payments foregone discounted at the Government of Canada Bond Yield for the term from the date of prepayment to the maturity date, and (ii) the face value of the principal amount being prepaid.
Minimum | Subsequent Event
Debt Instrument [Line Items]
Capital lease term of contract		60 months
Minimum | Integrated Private Debt Fund Loan
Debt Instrument [Line Items]
Loan prepayment prior written notice period			30 days
Maximum | Subsequent Event
Debt Instrument [Line Items]
Acquisition cost of lease		$ 5,000,000
Capital lease term of contract		84 months
Bank of America Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility maximum borrowing capacity			$ 75,000,000
Line of Credit Facility interest rate description			Borrowings accrue interest based on the Company’s average daily availability at the Lender’s base rate plus 0.25% to 0.75% or LIBOR plus 1.25% to 1.75%.
Borrowing percentage based on eligible domestic accounts receivable			85.00%
Borrowing percentage based on eligible accrued but unbilled receivables and foreign accounts receivable			75.00%
Line of Credit Facility covenant terms			Borrowings are available to fund future acquisitions, capital expenditures, repurchase of Company stock or for other corporate purposes.
Letter of credit outstanding amount			$ 100,000
Line of Credit Facility remaining borrowing capacity			$ 48,600,000
Bank of America Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Marginal interest			0.25%
Bank of America Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Marginal interest			0.75%
Bank of America Credit Facility | LIBOR Plus Rate | Minimum
Debt Instrument [Line Items]
Marginal interest			1.25%
Bank of America Credit Facility | LIBOR Plus Rate | Maximum
Debt Instrument [Line Items]
Marginal interest			1.75%
Integrated Private Debt Fund IV LP
Debt Instrument [Line Items]
Debt instrument, maturity date	Apr. 1, 2024
Senior secured term loan	$ 29
Debt instrument interest rate	6.65%
Interest only repayment period	12 months
Integrated Private Debt Fund V LP
Debt Instrument [Line Items]
Debt instrument, maturity date			Jun. 1, 2024
Senior secured term loan				$ 10
Debt instrument interest rate				6.65%
Letter of Credit | Bank of America Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility maximum borrowing capacity			$ 3,500,000
Debt instrument, maturity date			Jul. 14, 2022

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	Apr. 13, 2018	May 09, 2018	Mar. 31, 2018	Jun. 30, 2017
Class Of Stock [Line Items]
Preferred stock, shares authorized			5,000,000	5,000,000
Preferred stock, par value, per share			$ 0.001	$ 0.001
Common stock, shares authorized			100,000,000	100,000,000
Common stock, par value, per share			$ 0.001	$ 0.001
Preferred stock, shares issued			839,200	839,200
Preferred stock, shares outstanding			839,200	839,200
Cash dividend paid to holders			$ 1,534,000
Common Stock
Class Of Stock [Line Items]
Cash dividend paid to holders			$ 0
Stock repurchase program expiration date			Dec. 31, 2019
Common Stock | Subsequent Event
Class Of Stock [Line Items]
Repurchase program, common stock purchased value at cost		$ 0
Maximum | Common Stock
Class Of Stock [Line Items]
Shares authorized to repurchase under the stock repurchase program			5,000,000
Series A Preferred Stock
Class Of Stock [Line Items]
Preferred stock, shares issued			839,200
Preferred stock, shares outstanding			839,200
Preferred stock, dividend rate percentage			9.75%
Redeemable preferred stock value per share			$ 25
Preferred stock, redemption terms			Commencing on December 20, 2018, the Company may redeem, at its option, the Series A Preferred Shares, in whole or in part, at a cash redemption price of $25.00 per share plus accrued and unpaid dividends (whether or not declared). Among other things, the Series A Preferred Shares have no stated maturity, are not subject to any sinking fund or other mandatory redemption, and are not convertible into or exchangeable for any of the Company’s other securities.
Preferred stock, cash redemption price per share			$ 25
Cash dividend per share to holders			$ 1.828125
Cash dividend paid to holders			$ 1,534,000
Series A Preferred Stock | Subsequent Event
Class Of Stock [Line Items]
Cash dividend per share to holders	$ 0.609375
Cash dividend paid to holders	$ 511,000
Series A Preferred Stock | Payment of dividend
Class Of Stock [Line Items]
Preferred stock, dividend payment terms			Dividends on the Series A Preferred Shares are cumulative from the date of original issue and are payable on January 31, April 30, July 31 and October 31, as and if declared by the Company’s board of directors. If the Company does not pay dividends in full on any two payment dates (whether consecutive or not), the per annum dividend rate will increase an additional 2.0% per annum per $25.00 stated liquidation preference, up to a maximum of 19.0% per annum.
Series A Preferred Stock | Payment of dividend | Minimum
Class Of Stock [Line Items]
Preferred stock, dividend rate percentage			2.00%
Series A Preferred Stock | Payment of dividend | Maximum
Class Of Stock [Line Items]
Preferred stock, dividend rate percentage			19.00%
Series A Preferred Stock | NYSE American listing
Class Of Stock [Line Items]
Preferred stock, dividend rate percentage			2.00%
Preferred stock, dividend payment terms			If the Company fails to maintain the listing of the Series A Preferred Shares on the NYSE American or other exchange for 30 days or more, the per annum dividend rate will increase by an additional 2.0% per annum so long as the listing failure continues.
Series A Preferred Stock | Fixed Charge Coverage Ratio
Class Of Stock [Line Items]
Preferred stock, dividend payment terms			The Series A Preferred Shares require the Company to maintain a Fixed Charge Coverage Ratio of at least 2.0. If the Company is not in compliance with this ratio, then it cannot pay any dividend on its common stock.
Series A Preferred Stock | Fixed Charge Coverage Ratio | Minimum
Class Of Stock [Line Items]
Preferred stock, fixed charge coverage ratio			2.00%

Variable Interest Entity and 47

Variable Interest Entity and Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Variable Interest Entity [Line Items]
Change in non-controlling interest	$ 22	$ 15	$ 139	$ 42
Radiant Logistics Partners, LLC
Variable Interest Entity [Line Items]
Variable interest entity, measure of activity, operating income or loss	37	24	231	71
Radiant Capital Partners, LLC
Variable Interest Entity [Line Items]
Change in non-controlling interest	$ 22	$ 15	$ 139	$ 42
Radiant Logistics Partners LLC | Radiant Global Logistics, Inc.
Variable Interest Entity [Line Items]
Equity method investment, ownership percentage			40.00%
Radiant Logistics Partners LLC | Radiant Capital Partners, LLC | Chief Executive Officer | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Equity method investment, ownership percentage			60.00%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration	$ 3,711	$ 9,920
Level 3 | Contingent consideration
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration	$ 3,711	$ 9,920

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Change in contingent consideration	$ 35	$ 737	$ (75)	$ 1,793
Maximum earn-out payments	9,400		9,400
Contingent consideration threshold based on net advances earn-out payments	$ 650		$ 650

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Liabilities Measured on Recurring Basis Unobservable Input Reconciliation (Detail) - Level 3 - Contingent consideration $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, Beginning	$ 9,920
Changes related to accounting for acquisition	(2,275)
Contingent consideration paid	(3,859)
Change in fair value	(75)
Balance, Ending	$ 3,711

Provision for Income Taxes - Sc

Provision for Income Taxes - Schedule of Components of Income Tax Expense Benefit (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Current income tax expense	$ 312	$ 776	$ 2,387	$ 3,943
Deferred income tax benefit	(189)	(236)	(3,478)	(662)
Income tax expense (benefit)	$ 123	$ 540	$ (1,091)	$ 3,281

Provision for Income Taxes - Ad

Provision for Income Taxes - Additional Information (Detail) - USD ($)	6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Mar. 31, 2018	Jun. 30, 2018
Components Of Income Tax Expense Benefit [Line Items]
Minimal net operating loss carryover expiration year			Jun. 30, 2027
Uncertain tax positions			$ 0
Federal statutory tax rate		35.00%	35.00%
Remeasurement of federal deferred tax liabilities			$ 2,300,000
June 30 2014 | U.S. Authorities
Components Of Income Tax Expense Benefit [Line Items]
Tax years which remain subject to examination			2,015
June 30 2016 | U.S. Authorities
Components Of Income Tax Expense Benefit [Line Items]
Tax years which remain subject to examination			2,017
June 30 2016 | State Authorities
Components Of Income Tax Expense Benefit [Line Items]
Tax years which remain subject to examination			2,017
June 30 2016 | Foreign Authorities
Components Of Income Tax Expense Benefit [Line Items]
Tax years which remain subject to examination			2,017
June 30 2013 | State Authorities
Components Of Income Tax Expense Benefit [Line Items]
Tax years which remain subject to examination			2,015
December 31 2013 | Foreign Authorities
Components Of Income Tax Expense Benefit [Line Items]
Tax years which remain subject to examination			2,014
Scenario Forecast
Components Of Income Tax Expense Benefit [Line Items]
Federal statutory tax rate	21.00%			28.10%

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 386	$ 323	$ 1,116	$ 983
Stock Incentive 2005 and 2012 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized	5,000,000		5,000,000
Share-based compensation arrangement by share-based payment award, expiration period			10 years
Share-based compensation arrangement by share-based payment award, vesting period percentage			20.00%
Share-based compensation arrangement by share-based payment award, award vesting period			5 years
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period			3 years
Restricted stock units to common stock ratio, shares entitled			1
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 151	63	$ 391	111
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	235	260	725	872
Aggregate intrinsic value of options exercised	$ 535	$ 332	$ 972	$ 504

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Share Based Compensation Restricted Stock Activity (Detail) - Restricted Stock	9 Months Ended
	Mar. 31, 2018$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Beginning Balance | shares	258,636
Number of Shares, Granted | shares	251,151
Number of Shares, Forfeited | shares	(17,625)
Number of shares, Ending Balance | shares	492,162
Weighted Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 2.86
Weighted Average Grant-Date Fair Value, Granted | $ / shares	4.97
Weighted Average Grant-Date Fair Value, Forfeited | $ / shares	4.47
Weighted Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 3.88

Share-Based Compensation - Sc55

Share-Based Compensation - Schedule of Share-Based Compensation Stock Options Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Roll Forward
Number of Shares, Outstanding, Beginning Balance	3,351,594
Number of Shares, Exercised	(358,991)
Number of Shares, Forfeited	(97,231)
Number of Shares, Outstanding, Ending Balance	2,895,372	3,351,594
Number of Shares, Exercisable, Ending Balance	1,875,581
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 3.02
Weighted Average Exercise Price, Exercised	2
Weighted Average Exercise Price, Forfeited	3.41
Weighted Average Exercise Price, Outstanding, Ending Balance	3.13	$ 3.02
Weighted Average Exercise Price, Exercisable, Ending Balance	$ 2.65
Weighted Average Remaining Contractual Life - Years	5 years 8 months 9 days	6 years 3 months 26 days
Weighted Average Remaining Contractual Life - Years, Exercisable Ending Balance	4 years 10 months 28 days
Aggregate Intrinsic Value, Outstanding	$ 3,065	$ 8,035
Aggregate Intrinsic Value, Exercisable Ending Balance	$ 2,659

Contingencies - Additional Info

Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2018
Loss Contingency [Abstract]
Defict bad debt reserve	$ 1.4
Earn-out payments terms		Earn-out payments are generally due annually on November 1, and 90 days following the quarter of the final earn-out period for each respective acquisition.
Number of days earn-out payments due following the quarter of the final earn-out period		90 days

Contingencies - Schedule of Pot

Contingencies - Schedule of Potential Earn-Out Payments (Detail) $ in Thousands	Mar. 31, 2018USD ($)
Earn Out Payments Payable [Line Items]
2018 (remaining)	$ 36
2,019	1,774
2,020	1,511
2,021	1,167
2,022	250
Total	4,738
Cash
Earn Out Payments Payable [Line Items]
2018 (remaining)	36
2,019	1,399
2,020	1,202
2,021	875
2,022	188
Total	3,700
Equity
Earn Out Payments Payable [Line Items]
2018 (remaining)	0
2,019	375
2,020	309
2,021	292
2,022	62
Total	$ 1,038

Operating and Geographic Segm58

Operating and Geographic Segment Information - Additional Information (Detail)	9 Months Ended
	Mar. 31, 2018Segment
Segment Reporting [Abstract]
Number of operating segments	2

Operating and Geographic Segm59

Operating and Geographic Segment Information - Segment Reporting (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Segment Reporting Information [Line Items]
Revenues	$ 203,921	$ 181,771	$ 608,612	$ 575,785
Net revenues	49,148	45,709	143,164	144,842
Income (loss) from operations	1,458	2,020	6,510	9,812
Other income (expense)	(635)	(558)	(2,115)	(1,109)
Income (loss) before income tax provision	823	1,462	4,395	8,703
Depreciation and amortization	3,640	3,005	10,783	9,039
Technology and equipment, net	16,417	13,133	16,417	13,133	$ 15,227
Transition and lease termination costs	0	446	107	1,307
Transition and lease termination liability	1,419	1,619	1,419	1,619	2,014
Goodwill	65,389	62,888	65,389	62,888	$ 66,779
Operating Segments | United States
Segment Reporting Information [Line Items]
Revenues	177,150	159,787	531,546	506,677
Net revenues	42,519	41,014	123,909	129,988
Income (loss) from operations	4,787	5,663	16,777	19,507
Other income (expense)	64	117	297	714
Income (loss) before income tax provision	4,851	5,780	17,074	20,221
Depreciation and amortization	612	595	1,803	1,786
Technology and equipment, net	12,964	11,292	12,964	11,292
Transition and lease termination costs		446	107	1,307
Transition and lease termination liability	402	564	402	564
Goodwill	43,991	42,984	43,991	42,984
Operating Segments | Canada
Segment Reporting Information [Line Items]
Revenues	26,998	23,074	78,198	72,972
Net revenues	6,629	4,695	19,255	14,854
Income (loss) from operations	692	1,010	1,689	3,573
Other income (expense)	46	(68)	(100)	33
Income (loss) before income tax provision	738	942	1,589	3,606
Depreciation and amortization	354	150	969	469
Technology and equipment, net	3,453	1,111	3,453	1,111
Transition and lease termination costs		0	0	0
Transition and lease termination liability	1,017	1,055	1,017	1,055
Goodwill	21,398	19,904	21,398	19,904
Corporate/Eliminations
Segment Reporting Information [Line Items]
Revenues	(227)	(1,090)	(1,132)	(3,864)
Net revenues	0	0	0	0
Income (loss) from operations	(4,021)	(4,653)	(11,956)	(13,268)
Other income (expense)	(745)	(607)	(2,312)	(1,856)
Income (loss) before income tax provision	(4,766)	(5,260)	(14,268)	(15,124)
Depreciation and amortization	2,674	2,260	8,011	6,784
Technology and equipment, net	0	730	0	730
Transition and lease termination costs		0	0	0
Transition and lease termination liability	0	0	0	0
Goodwill	$ 0	$ 0	$ 0	$ 0

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Apr. 13, 2018	Mar. 31, 2018
Subsequent Event [Line Items]
Cash dividend paid to holders		$ 1,534
Series A Preferred Stock
Subsequent Event [Line Items]
Cash dividend per share to holders		$ 1.828125
Cash dividend paid to holders		$ 1,534
Subsequent Event | Series A Preferred Stock
Subsequent Event [Line Items]
Dividends declared date	Apr. 13, 2018
Cash dividend per share to holders	$ 0.609375
Cash dividend paid to holders	$ 511
Dividend payment date	Apr. 30, 2018