Finance and Operating Leases (Tables)

12 Months Ended

Jun. 30, 2024

Finance and Operating Leases

Schedule of present value of the minimum lease payments on finance leases

	June 30,
	2024		2023
	(in thousands)
2024	$	—	$	37,056
2025		31,655		16,691
2026		19,880		5,457
2027		7,691		60
2028		82		—
Total minimum payments		59,308		59,264
Less: imputed interest		(3,710)		(2,365)
Finance lease liability		55,598		56,899
Less: current portion of finance lease liability		(29,146)		(35,621)
Long-term finance lease liability	$	26,452	$	21,278

Schedule of future minimum lease payments under non-cancelable operating leases

	June 30,
	2024		2023
	(in thousands)
2024	$	—	$	16,341
2025		14,263		15,668
2026		12,361		12,290
2027		8,705		8,753
2028		7,713		7,727
2029		7,599		—
Thereafter		12,381		19,975
Total minimum payments		63,022		80,754
Less: imputed interest		(5,082)		(6,880)
Operating lease liability		57,940		73,874
Less: current portion of operating lease liability		(12,748)		(14,449)
Long-term operating lease liability	$	45,192	$	59,425

Schedule of expected sublease income

	June 30,
	2024		2023
	(in thousands)
2024	$	—	$	836
2025		455		455
2026		139		139
Total sublease income	$	594	$	1,430

Schedule of lease cost, weighted-average remaining lease term, weighted-average discount rate

	Years Ended June 30,
	2024			2023			2022
	(in thousands)
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	31,099		$	39,312		$	34,719
Interest on lease liabilities		2,639			2,080			1,769
Instructional costs and services:
Operating lease cost		9,605			12,028			15,718
Short-term lease cost		56			103			67
Sublease income		(328)			(1,081)			(955)
Selling, general, and administrative expenses:
Operating lease cost		6,019			4,616			6,253
Short-term lease cost		150			259			125
Sublease income		(491)			(406)			(367)
Total lease cost	$	48,749		$	56,911		$	57,329
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(14,990)		$	(12,243)		$	(20,742)
Financing cash flows from finance leases		(40,919)			(42,956)			(33,011)
Right-of-use assets obtained in exchange for new finance lease liabilities		35,652			30,514			23,232
Right-of-use assets obtained in exchange for new operating lease liabilities		864			1,619			10,589
Weighted-average remaining lease term - finance leases		2.02	yrs.		1.72	yrs.		1.85	yrs.
Weighted-average remaining lease term - operating leases		5.66	yrs.		6.10	yrs.		6.54	yrs.
Weighted-average discount rate - finance leases		5.62	%		3.86	%		2.47	%
Weighted-average discount rate - operating leases		2.92	%		2.81	%		2.75	%