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Leases (Tables)
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Summary of Activity and Other Information Relating to Operating Leases

The following table presents additional information relating to the Company's operating leases (in thousands, except for lease term and discount rate):

 

 

 

Year Ended

 

 

 

June 30,
2024

 

June 30,
2023

 

June 30,
 2022

 

Operating lease costs

$

14,398

 

$

14,416

 

$

16,852

 

Variable lease costs

 

 

4,325

 

 

6,920

 

 

6,921

 

Cash paid for amounts included in the measurement of operating liabilities

 

14,487

 

 

17,396

 

 

20,890

 

ROU assets obtained for new lease obligations

 

21,082

 

 

10,972

 

 

18,641

 

 

 

 

 

June 30,
2024

 

June 30,
2023

 

Weighted average remaining lease term

5.8 years

 

4.6 years

 

Weighted average discount rate

 

5.8

%

 

5.2

%

Schedule of Maturities of Operating Lease Liabilities

The following table presents maturities of the Company’s operating lease liabilities as of June 30, 2024 (in thousands):

 

 

Amount

 

For the fiscal year ending June 30,

 

 

 

2025

 

$

12,818

 

2026

 

 

12,544

 

2027

 

 

11,151

 

2028

 

 

5,317

 

2029

 

 

4,989

 

Thereafter

 

 

15,042

 

Total future minimum lease payments

 

 

61,861

 

Less amount representing interest

 

 

(9,847

)

Total operating lease liabilities

 

$

52,014

 

Operating lease liabilities, current

 

$

10,547

 

Operating lease liabilities, non-current

 

$

41,466