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Leases (Tables)
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Operating Leases

The following table provides information related to the Company’s operating leases (in thousands):

 

 

 

Fiscal years

 

 

 

2024

 

 

2023

 

 

2022

 

Operating lease costs (1)

 

$

9,146

 

 

$

9,370

 

 

$

9,246

 

Short-term operating lease costs

 

 

305

 

 

 

353

 

 

 

397

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

9,013

 

 

 

9,370

 

 

 

9,799

 

 

(1)
Excludes expenses related to short-term lease operating costs.
Schedule of Operating Lease Right-of-use Assets and Operating Lease Obligation

Operating lease right-of-use assets and operating lease obligations are represented in the table below (in thousands):

 

 

 

June 30,
2024

 

 

June 30,
2023

 

Beginning balance operating lease right-of-use assets

 

$

25,853

 

 

$

16,798

 

Lease assets added

 

 

14,389

 

 

 

17,157

 

Amortization for the year

 

 

(6,469

)

 

 

(8,102

)

Ending balance operating lease right-of-use assets

 

$

33,773

 

 

$

25,853

 

 

 

 

 

 

 

 

Beginning balance operating lease obligations

 

$

27,753

 

 

$

19,020

 

Lease liabilities added

 

 

16,775

 

 

 

16,834

 

Repayment and interest accretion

 

 

(5,937

)

 

 

(8,101

)

Ending balance operating lease obligations

 

$

38,591

 

 

$

27,753

 

 

 

 

 

 

 

 

Current portion of operating lease obligations

 

$

6,218

 

 

$

4,151

 

Noncurrent portion of operating lease obligations

 

$

32,373

 

 

$

23,602

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2024, are presented in the table below (in thousands):

 

Year Ending June 30,

 

Amount

 

2025

 

$

6,267

 

2026

 

 

7,459

 

2027

 

 

7,441

 

2028

 

 

6,324

 

2029

 

 

4,701

 

Thereafter

 

 

24,761

 

Total operating lease payments

 

 

56,953

 

Less: imputed interest

 

 

(18,362

)

Present value of operating lease liabilities

 

$

38,591

 

Weighted average remaining lease term (in years)

 

 

8.2

 

Weighted average discount rate

 

 

10.4

%