Note I - Lease Obligations

12 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Lessee, Operating and Finance Leases [Text Block]

I. LEASE OBLIGATIONS

The following table provides a summary of leases recorded on the consolidated balance sheet at June 30.

	Condensed Consolidated Balance Sheet Location	2025		2024
Lease Assets
Right-of-use operating lease assets	Right-of-use operating lease assets	$	17,250	$	16,622
Right-of-use finance lease assets	Property, plant and equipment, net		5,794		5,210
Lease Liabilities
Right-of use operating lease liabilities, current	Current maturities of right-of use operating lease obligations	$	3,393	$	2,521
Right-of use operating lease liabilities, non-current	Right-of use operating lease obligations		14,357		14,376
Right of use finance lease liabilities, current	Accrued liabilities		1,014		713
Right of use finance lease liabilities, non-current	Other long-term liabilities		5,212		4,795

The components of lease expense for the years ended June 30 were as follows:

	2025			2024
Finance lease cost:
Amortization of right-of-use assets	$	980		$	811
Interest on lease liabilities		393			308
Operating lease cost		3,840			3,718
Short-term lease cost		379			33
Variable lease cost		531			398
Total lease cost		6,123			5,268
Less: Sublease income		(111	)		(81	)
Net lease cost	$	6,012		$	5,187

Other information related to leases was as follows:

	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,330		$	3,447
Operating cash flows from finance leases		400			308
Financing cash flows from finance leases		1,119			921
Right-of-use-assets obtained in exchange for lease obligations:
Operating leases		2,863			6,069
Finance leases		1,317			1,383
Weighted average remaining lease term (years):
Operating leases		7.3			8.4
Finance lease		7.1			8.7
Weighted average discount rate:
Operating leases		8.6	%		8.3	%
Finance leases		6.8	%		6.2	%

Approximate future minimum rental commitments under non-cancellable leases as of June 30, 2025 were as follows:

	Operating Leases			Finance Leases
2026	$	4,755		$	1,443
2027		4,043			1,364
2028		2,773			1,253
2029		2,378			871
2030		1,927			558
Thereafter		8,389			2,250
Total future lease payments		24,265			7,739
Less: Amount representing interest		(6,515	)		(1,513	)
Present value of future payments	$	17,750		$	6,226